Mortgage & real estate income tool

Commercial Real Estate Yield Calculator

Calculate gross yield, net yield, NOI, cap rate, annual commercial rent, vacancy loss, operating costs, debt service and cash-on-cash return for commercial property analysis.

NOI and cap rate
Gross vs net yield
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Parking, signage, storage, service charges or reimbursements.
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Primary result
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cap rate
Commercial yield
NOI
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Net annual
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CoC return
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Cap rate view Healthy yield 6.0% vacancy
Strong
This property produces a strong commercial yield under the current assumptions.
Gross yield
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gross rent ÷ value
Net yield
0.00%
net annual ÷ value
Cap rate
0.00%
NOI ÷ value
Monthly cash flow
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after debt service
Vacancy loss
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Total operating expenses
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Debt service drag
0.00%
Potential gross rent
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Other income
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Vacancy / credit loss
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Effective gross income
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NOI
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Property taxes
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Insurance
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Maintenance
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Management
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Utilities + admin + reserves + other
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Annual cash flow after debt
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Conservative
0.00%
cap rate
Current
0.00%
cap rate
Optimistic
0.00%
cap rate

Enter annual rent, vacancy, operating costs and debt service to calculate NOI, cap rate, yield and cash-on-cash return.

NOI
Debt service
Annual cash flow
Scenario NOI Cap rate Net yield Cash flow
Year Effective gross income NOI Cash flow Cap rate

What this calculator does

This calculator measures commercial real estate performance using gross yield, net yield, NOI, cap rate and cash-on-cash return. It allows vacancy loss, other income, operating expenses and debt service to be included in a structured commercial underwriting view.

Core formulas

Effective gross income = potential gross rent + other income − vacancy and credit loss

NOI = effective gross income − operating expenses

Cap rate = NOI ÷ property value

Cash-on-cash return = annual cash flow after debt ÷ cash invested

Why cap rate and NOI matter

Cap rate and NOI are core commercial real estate metrics because they isolate property operating performance before financing. They make asset-level comparison clearer across different debt structures.

How to use it properly

Use realistic vacancy, reimbursements and operating expense assumptions. Include debt service only when you want owner-level cash flow and cash-on-cash return. For cleaner asset comparison, focus first on NOI and cap rate.

Frequently asked questions

NOI means net operating income. It is effective gross income minus operating expenses, before debt service and taxes.
Cap rate is NOI divided by property value or purchase price. It is a standard commercial real estate return metric.
Cap rate is based on NOI before debt service. Net yield here reflects annual cash flow after debt service divided by property value.
Include it for owner-level cash flow and cash-on-cash return. Exclude it mentally when focusing on pure asset-level comparison using NOI and cap rate.
Parking income, storage, signage, service reimbursements and similar recurring non-base-rent income can be included if appropriate.
No. It is a structured yield calculator, not a substitute for lease-by-lease rollover analysis, tenant credit review or full acquisition modeling.
Calquify
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Commercial Real Estate Yield Calculator Report
NOI
€0
Cap rate
0.00%
Net yield
0.00%
Annual cash flow
€0
Property value€0
Effective gross income€0
Operating expenses€0
Vacancy loss€0
Cash-on-cash return0.00%
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