Publicly available cap rate/sales price and location data?
Is this something that would I'd be able to find through public sources or would I have to pay to obtain this kind of info? Specifically want data relating to the cap rate, sales price, and location that completed deals have occured.
[{"id": "itqkr16", "text": "Unlikely to find it", "replies": [], "depth": 1}, {"id": "itqnxge", "text": "Your best bet is to ask a broker for this data. If you are a broker, then may inevitably need a costar subscription\n\nEDIT: forgot about RCA. They\u2019re also a great source for comp data.", "replies": [], "depth": 1}, {"id": "itqqxs5", "text": "Go to thebouldergroup.com website to download the cap rate data for stnl", "replies": [], "depth": 1}, {"id": "itqrjq5", "text": "You may be able to find the sales flyer floating around the web and extract it from there. Cap rates aren\u2019t typically reported in press releases and news articles. Beyond that you\u2019ll have to make some calls/emails or pay for subscription services like CoStar.", "replies": [], "depth": 1}, {"id": "itqrneu", "text": "In this interest rate environment, you really need more than just the cap rate - you need the loan terms. It's been 40 years since we experienced this kind of interest rate environment, and understanding what goes into the cap rate has probably never been more important since then.  The CCIM has a good paper on the subject from 2008. \n\nCostar for transactions today is at best a lead unless it is a CMBS deal where the NOI is public knowledge.  I would trust a survey of equity returns and probable debt service terms over anything else right now to be honest.", "replies": [], "depth": 1}, {"id": "itr5blg", "text": "What you are looking for is called comps and there are plenty of public and private databases (brokerage groups, industry periodicals, industry groups), but the issue is that they are all going to be outdated.  We have had such a seismic shift in the markets due to the fed that caps from even six months ago aren\u2019t going to be relevant going forward.  Sorry that\u2019s no super helpful but I can assure you are not alone in trying to establish what is the new \u201cmarket\u201d.", "replies": [{"id": "itr5vsw", "text": "Is there data from the 70s during relatively high interest rate environments? I was gonna try and build a regression to predict cap rate but you're right in the sense that without high interest rate data points, my model would fall flat", "replies": [{"id": "itra0vt", "text": "Interesting idea.  The data from the 70s may be a little noisy since institutional real estate has changed so much since then. Namely the boom of the modern REIT in the mid 90s.  It might make sense to look at smaller spikes like the one in late 90s and early 00s.  \n\nI would reach out to the research departments at JLL and CB as they would probably have the best historical cap data.  Alternatively, I would search university research papers USC, Wisconsin, NYU all have strong real estate economics departments that would probably have good historical data to sift through.", "replies": [{"id": "ittd0h0", "text": "Thanks for the advice password that is password \ud83d\udc4d", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "itsyrua", "text": "Check out compstak. Its startup that aims to replace costar. You upload information that you have for points then use the points to \"buy\" comps.", "replies": [], "depth": 1}, {"id": "ittcwsn", "text": "https://www.rubyporch.com\n\nRuby Porch has more properties than Zillow listed on their site, and it\u2019s geared towards investors as it has a tool that shows Cap Rates when you scroll over potential properties\u2026 there is more to it than I\u2019m saying here, but take a look and see if it works for you. Tons of rebates, etc. \n\nOverall it\u2019s a really great tool to sift through deals with. You\u2019ll start to see patterns in your particular search area\u2026", "replies": [], "depth": 1}, {"id": "ituijvk", "text": "No one has mentioned NCREIF NPI. While not cap rates it\u2019s an index tracking unlevered returns from core institutional RE. They have other indexes, data and research as well.", "replies": [], "depth": 1}]