Cap rate & NOI calculator
Enter a price and NOI to get the cap rate instantly, or solve for value at a target yield. Benchmarked against the current ~5.6% national average.
The deal
Enter a target cap rate to see the implied value at your NOI.
Cap rate = NOI / price. A lower cap rate means a higher price for the same income.
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How to calculate a gas station cap rate
The capitalization rate, or cap rate, is the single most important number in net-lease real estate. It is simply the annual net operating income (NOI) divided by the purchase price. A property with $120,000 of NOI bought for $2,000,000 has a 6.0% cap rate.
What is a good cap rate for a gas station?
In 2026 the national average gas station cap rate is roughly 5.6%, tighter (around 5.58%) for stores sold with fuel operations and wider (around 6.87%) for real-estate-only deals. Strong credit tenants like Wawa and 7-Eleven trade below 5.5%, while weaker credit or shorter leases push past 7%. Tighter markets like Florida price near 5.1%. See cap rates by state.
Lower cap rate, higher price
Because price equals NOI divided by cap rate, a lower cap rate produces a higher value for the same income. That is why positioning a deal to attract the most aggressive buyers, and compressing the cap rate, is the core of maximizing your sale price.