Cap rate & value

[Vincent Gamboa]

Hello all,

I am brand new to real estate investing and my knowledge is all from the books and podcasts I have read and listened to. One subject I can't seem to wrap my head around is how a property owner chooses thier price and cap rate? Doesn't the cap rate depend on the price, as well as the price depend on the cap rate? So how do you calculate cap rate and true property value, when only given the NOI?

Thank you all in advance for the information and guidance.

-Vince