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CREbuilder

Task guide

Use the Cap Rate & NOI quick path

Know the price and either NOI or cap rate? Enter one, and CREBuilder calculates the other and puts both on your valuation page.

5 to 10 minutesFor brokers who want headline numbers without building a full rent roll and operating statementBeginnerLast verified October 5, 2026

Outcome

Your price, NOI, and cap rate tie out and appear on the valuation page in minutes.

Navigation path

Document wizard > Financial Scope > Cap Rate & NOI > Valuation

Access

A document offering the Cap Rate & NOI scope

On this page

Before you start

Data, sources, and access to prepare

  • A selling price in Property Details
  • Annual NOI or a cap rate

Use one known metric

Quick valuation triangle

Selling price is fixed from Property Details. Enter NOI or cap rate and derive the other.

  • Selling PriceKnown Cap RateWith NOI
  • Known NOIKnown Cap Rate
  • Selling PriceKnown NOIWith cap rate
  • Known Cap RateKnown NOI
  • Known NOISaved key facts
  • Known Cap RateSaved key facts

NOI

Derived value
Cap Rate
Formula
NOI / Selling Price

Cap Rate

Derived value
NOI
Formula
Selling Price x Cap Rate

Complete the simplified fields

Selling Price Required

The property price saved in Property Details.

Format
Read-only currency on this screen
Units
Currency
Save behavior
No direct entry here. Change it through Property Details and select Save there.
Downstream effect
Supplies the price used to derive NOI or cap rate and the headline valuation output.

I know the NOI / I know the Cap Rate Required

Selects which value you enter and which CREBuilder derives.

Format
Select one of two calculation modes
Units
Not applicable
Save behavior
Saved when the valuation selection change commits; verify it after reopening the step.
Downstream effect
Makes one metric editable and recalculates the other from Selling Price.

NOI Required

Annual net operating income.

Format
Currency amount
Units
Currency per year
Save behavior
When NOI is the known metric, leaving the field triggers its save; otherwise there is no direct entry and it recalculates from price and cap rate.
Downstream effect
Supplies headline NOI and derives cap rate when NOI is the selected known metric.

Cap Rate Required

NOI divided by selling price.

Format
Percentage
Units
Percent
Save behavior
When Cap Rate is the known metric, leaving the field triggers its save; otherwise there is no direct entry and it recalculates from NOI and price.
Downstream effect
Supplies headline cap rate and derives NOI when Cap Rate is the selected known metric.

Occupancy Optional

Optional headline occupancy fact.

Format
Percentage
Units
Percent
Save behavior
Leaving the edited valuation field triggers its save; reopen the step to confirm persistence.
Downstream effect
Adds occupancy to the simplified valuation facts where the selected document presents it.

Unit, Room, Pad, or other Count Optional

Optional property-specific count.

Format
Nonnegative whole number
Units
Property-specific units, rooms, pads, or other count
Save behavior
Leaving the edited valuation field triggers its save; reopen the step to confirm persistence.
Downstream effect
Adds the property-specific count to simplified valuation output where supported.

Required means the field is needed to complete or support this workflow. Some screens allow a draft to save before every required item is complete. The steps and troubleshooting call out controls the product actively blocks.

Enter and verify key facts

Cap Rate & NOI steps

  1. 1

    Confirm the selling price

    Property Details

    Check the Selling Price in Property Details.

    Expected result: The price saves automatically and appears locked on the Cap Rate & NOI screen.

    If this step does not work

    Correct the price if it is missing or wrong, and use Retry save if the save fails.

  2. 2

    Choose the known metric

    Valuation, Cap Rate & NOI

    Select I know the NOI or I know the Cap Rate.

    Expected result: The chosen field becomes the direct input and the other becomes calculated.

    If this step does not work

    Pick the number your underwriting actually supports.

    Valuation workspace used for the Cap Rate and NOI analysis path.
    Enter the valuation inputs, verify the capitalization calculation, and confirm the limited output expected from this mode.
  3. 3

    Enter the source value

    Valuation

    Enter your NOI or cap rate.

    Expected result: The other metric recalculates immediately and saves when you leave the field.

    If this step does not work

    Enter a cap rate as a percentage such as 6.25, and NOI as an annual dollar amount.

  4. 4

    Add optional facts

    Valuation

    Enter occupancy and the displayed property-specific count when useful.

    Expected result: The facts save when you leave each field and appear with the valuation.

    If this step does not work

    Leave a fact blank if you do not have it.

  5. 5

    Check the valuation page

    Review & Customize

    Check price, NOI, cap rate, occupancy, and count on the valuation page.

    Expected result: The page shows the numbers you entered.

    If this step does not work

    Return to Valuation or Property Details to change a number.

Resolve quick-path problems

Selling price cannot be edited

Likely cause: The value is intentionally sourced from Property Details.

  1. Return to Property Details.
  2. Edit and save Selling Price.
  3. Return to Valuation.
Derived cap rate is blank or invalid

Likely cause: Selling price or NOI is zero or missing.

  1. Confirm a nonzero selling price.
  2. Enter the known NOI.
  3. Recheck the calculation.
The full rent roll is missing

Likely cause: Cap Rate & NOI includes only scope and simplified valuation.

  1. Return to Financial Scope.
  2. Choose Full Financials if detailed analysis is required.
The valuation page shows an Est. GRM you did not enter

Likely cause: Without a rent roll, the Cap Rate & NOI valuation page of a non-BOV document estimates GRM from NOI assuming a 35% expense ratio.

  1. Check whether the estimate fits the property.
  2. Use Full Financials when you need GRM from actual income.

Quick analysis complete

  • The valuation page shows the price, NOI, and cap rate you expect

Related guides

Choose and change the financial scope

Pick how much financial analysis your document shows, from a full cash flow to headline numbers only, and switch later without losing your data.

Open guide

Complete a BOV valuation and reconciliation

Build a Broker Opinion of Value that walks the owner from income and sales-comparison evidence to a clear low, midpoint, and high value.

Open guide

Verify financial pages before publishing

Do a final pass on the financial pages before you send: the right pages, the right labels, and numbers that tie out.

Open guide

Your next OM, done this afternoon

Turn your property facts, photos and financials into a polished, branded offering memorandum. Most brokers finish in 30 to 90 minutes.

Build your first OM freeSee the financial calculatorCap rate defined

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