Calculating NOI of Triple Net Commercial Property

[Samuel Webb]

I am looking for some assistance in calculating the NOI fo a triple net leased commercial property. The details: -Property is being leased as a bar/restaurant in Thornton, CO - My LLC owns the property. I also operate the bar/restaurant. In effect, I own the location. - Bar pays for taxes, maintenance, insurance and rent - same tenant since 2001 Is the NOI just the monthly rent x 12, minus miscellaneous accounting expenses? What would be a good way to find the cap rate for similar properties in my area? What factors am I missing? Is the NOI of the bar/restaurant relevant to this valuation? Thanks for any help, I’m new at this type of analysis. Please let me know what variables I am missing, or should be considered in general in these situations. Sam