NOI Impact Calculator
Model how much CAM leakage is suppressing your NOI and asset value — and what recovering it means for your portfolio.
Net Operating Income (NOI) is the primary metric commercial real estate investors use to value properties. When CAM expenses are underbilled, the lost revenue flows directly to NOI — and at typical cap rates, every $1 of CAM leakage can reduce asset value by $15–$25.
Your Portfolio
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NOI Recovery Projection
Total CAM pool
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| Scenario | CAM Recovered |
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| Without CapVeri | — |
| With CapVeri | — |
NOI Recovered
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Asset Value Lift
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CapVeri Audit Credit Cost
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ROI Multiplier
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Enter your portfolio details above to see your projection.
Uses 4% industry benchmark leakage rate. Actual results vary by portfolio. Use your own reconciliation history to calibrate.
See what CapVeri finds in your actual GLFrequently Asked Questions
How does CAM leakage affect NOI?
CAM leakage directly reduces Net Operating Income (NOI) because underbilled expenses come out of the landlord’s bottom line. Since commercial property values are calculated as NOI divided by cap rate, even small billing errors get amplified into significant asset value reductions.
What is NOI in commercial real estate?
Net Operating Income (NOI) is a property’s total revenue minus operating expenses, excluding debt service and capital expenditures. It is the standard metric for valuing commercial properties — a higher NOI means a higher property value at any given cap rate.
How does cap rate affect the impact of CAM errors?
Cap rate is the divisor in the property valuation formula (Value = NOI / Cap Rate). A lower cap rate amplifies the impact of every dollar of NOI change. At a 5% cap rate, $10,000 of annual CAM leakage reduces asset value by $200,000. At an 8% cap rate, the same leakage reduces value by $125,000.
What is a typical cap rate for commercial offices?
Office cap rates in the U.S. typically range from 5% to 9% depending on market, class, and occupancy. Class A urban offices tend toward 5–6%, while suburban Class B/C properties may be 7–9%. The specific cap rate matters because it determines how much NOI changes affect property value.