How to determine the CAP rate for a certain area

[Jeff Kennedy]

I'm looking to buy my first apartment building. I've never paid much attention to cap rates in the past since they aren't used much for SFRs, duplexes, etc. Can anyone tell me the best way to determine the going cap rate in a certain area? It's an off-market 14-unit C class property in Yuba County, CA.

Is there a good website for this?

Thank you for any

[John Warren]

@Jeff Kennedy cap rates are something you eventually just know in a given market. As a broker, it is something you get a  feel for after working on multiple deals. As an investor, you get this information from brokers who are dealing with dozens of transactions instead of just one or two. The other good place to go to would be your banker or appraiser locally. Bankers are generally pretty in tune with cap rates since they are originating enough loans to get a feel for the market as well.