CAP Rate high/low question?

[Peter K.]

So I get why people use cap rats and how to calculate them.

But why is high cap rate good for seller and low cap rate better for buyer? I don't get the reasoning behind it?

[Jonathan Twombly]

@Peter K. It's the other way around. Low cap rate = high price relative to NOI, so good for the seller. High cap rate = low price relative to NOI, so good for the buyer.