Calculate cap rates and net operating income for commercial properties in North Carolina. Compare your results against North Carolina's primary market benchmarks sourced from CBRE H2 2025.
North Carolina has two top-tier primary markets. Charlotte is a major banking hub (Bank of America HQ, Wells Fargo operations) with one of the strongest population and job growth rates in the South. The Research Triangle (Raleigh-Durham-Chapel Hill) hosts three major research universities and a world-class biotech/tech cluster. Both markets have compressed cap rates competitive with larger gateway cities.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 5.0% | 6.5% |
| Industrial | 5.0% | 6.5% |
| Retail | 5.5% | 7.5% |
| Office | 6.0% | 8.5% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
North Carolina cap rates range from 5.0–6.5% for multifamily and industrial, 5.5–7.5% for retail, and 6.0–8.5% for office. Charlotte and Raleigh-Durham both have rates toward the lower end of these ranges, competitive with many larger primary markets nationally.
Raleigh-Durham's Research Triangle Park is one of the largest research parks in the world, home to IBM, Cisco, Lenovo US HQ, and hundreds of biotech and life sciences firms. Proximity to UNC, Duke, and NC State creates a constant talent pipeline. Apple and Google have made major campuses commitments in the area, driving office and multifamily demand.
Charlotte is the second-largest banking center in the US (after NYC), home to Bank of America's global headquarters and major Wells Fargo and Truist operations. The city's financial sector provides stable, high-credit office tenancy and strong multifamily demand from financial professionals. Charlotte's cap rate range (5.0–6.75% per Sherman & Hemstreet 2025) is among the most competitive in the Southeast.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.