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 retail property cap rates in the Jersey City, New Jersey area and here is what we’ve found:
After comparing the cap rates of retail properties in the surrounding Jersey City, New Jersey area that have sold in the last eight months, we found that the cap rates ranged from 3.9% – 7.22%, with an average of 5.5%.
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.