Help w/ Analyzing First Commercial Deal in St Louis

[Robert Larue]

Hi all,

Relatively new investor here, I own 7 units (SFR's and small multi), but trying to buy my first commercial multifamily apartment complex in Overland, Missouri (St. Louis area). I would be buying it at around a 9 cap. In my financial model, I need to do my best to predict what the exit cap rate will be and the sales price. If buying at a 9, increasing the rents and improving the property to an 11 cap over 5 years (or shorter)... what resources can I use to estimate the exit cap in this area? How do I analyze the exit in an increasing interest rate environment? Any good websites that have historic cap rates for certain geos? Any help or ideas are much appreciated!!

-Rob