QUESTION 3 Check all true statements regarding Cap Rates A form of average cap rate is used to valuate commercial properties depending on its industry and/or location As cap rates used to valuate a property decreases, the property value increases holding all else equal Cap Rates are used when valuating commercial properties via the cost approach Cap Rate for One Property- Property Value/NOI Valuing a property via Cap Rates is analogous to receiving a perpetuity in the form of a NOI being the payment every year and the Cap Rate being the discount rate