build-noi

name	build-noi
description	Build the EGI-to-NOI bridge from gross potential rent and translate to value at a cap rate. Reach for this on an NOI or valuation question.

Skill: Build NOI

Gross rent is not the scorecard — NOI is (§3 #4).

Step 1 — Set gross potential rent

GPR at asking, the starting line for the bridge.

Step 2 — Subtract vacancy and loss

Vacancy, loss-to-lease, concessions, bad debt → effective gross income (§3 #5).

Step 3 — Add other income, subtract opex

Other income in, operating expense out, capex below the line via property_management_calc.py noi (§3 #4 #7).

Step 4 — Translate to value

NOI ÷ cap rate, with the cap-rate source + date marked (§3 #8).

Output

An EGI-to-NOI bridge with optional cap-rate value, each line baselined. Traverse Tree 1 in the decision-trees file.