As you may know, Cap Rates are essential in any commercial real estate investment and having an accurate cap rate helps investors determine whether or not a property is worth the risk. We here at myNOI calculate local cap rates for all commercial property types on a daily basis, using our Local Cap Rate tool.
We’ve recently calculated office property cap rates in the Charleston, North Carolina area and here is what we’ve found:
After comparing the cap rates of 10 office properties in the surrounding Charleston, North Carolina area that have sold in the last six months, we found that the cap rates ranged from 4% – 11.45%, with an average of 7.88%.
For a cap rate in your area, use our easy to use Local Cap Rate tool and we’ll help you determine the average cap rate in any particular area.