# Cap rate

> The yield at which an asset is valued — net operating income divided by capital value.

**Canonical URL:** https://classa.info/glossary/cap-rate
**Page type:** glossary
**Last updated:** 2026-04-01T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- The yield at which an asset is valued — net operating income divided by capital value.
- Prime cap rates for Class A office in 2026 range from approximately 3.0% (Tokyo) to 7.5% (Dubai, Mumbai).

## Key facts
- **category**: Capital markets
- **regionScope**: Global

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Citation: Source: Class A Atlas (https://classa.info/glossary/cap-rate), updated 2026-04-01T00:00:00.000Z.