The reports will get you a general understanding of market cap rates to use as a benchmark.

We scooped up one that met that benchmark back in mid 2017 in Brevard County.

His benchmarks for a hold property were $200 cash flow monthly12% cash on cash return15% total return These number cannot be the same for the BRRRR approach right?

Just started out flipping myself. 70% is a good benchmark, but depending on the market your bids will get written off until the cows come home.

I am trying to establish a benchmark of building sq ft efficiency (leasable or useable sq ft /gross sq ft) plug percentages.  

I've also been guided by many on here that there are certain benchmarks I should aim for; CAP rate 8%, ROI of 12% and DCR of 1.6.

I made the mistake of using 8% in my calculations (to be conservative) but now he seems to be thinking that is the benchmark he 'should' be getting.  

Just to provide a bench mark

If the seller is asking too much for the property then one of the tools you can do to determine if the value fits your investment criteria is a reverse cash flow analysis, otherwise known as a discounted cash flow analysis, to see if the purchase price makes sense, especially if your using a cap rate as your benchmark.

He might be a little doom and gloom but look at the benchmark house price in Vancouver.