4-Plex Appraisal (Comp vs. NOI)

[Shawn Rasmussen]

To the best of my knowledge a 4-plex being refinanced by a bank is always appraised based on comps.

I watched a YouTube video and the person was calculating the future value of their 4-plex using NOI and cap rate. This was a non-owner occupied property and was initially seller financed for 5 years. Do commercial banks look at NOI for appraisal purposed on properties less than 5 units?