Annapolis-based Foundos Launches TheCapRate.com
Posted February 21, 2012
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Michael G. Foundos of Foundos Realty in Annapolis has launched TheCapRate.com, an online resource that uses a proprietary system for calculating a cap rate and estimated value of a property.
TheCapRate.com works by having users enter in a few pieces of property specific information, such as average rental rates, current vacancies, visibility and amenities, and pairs the information with market data on every zip code in the United States. These data sets are then used to formulaically generate the cap rate which is applied to an estimated net operating income (NOI).
The entire system is built to mimic the skills of an experienced commercial real estate professional, taking into consideration certain variables that are unable to be accounted for in standard analysis processes.
Currently the site only offers the capilization rate and estimated value. Additional resources will be added when the site becomes more established.
TheCapRate.com can perform analysis on apartment, office, and retail property types throughout the US. Industrial, senior housing, and hotels are in the development stages.
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