Direct Capitalisation

Hi Guys, I am just looking for a greater understanding or direct capitalisation. I know that it is capitalising the net operating income. But what does capitalising in this context actually mean. Thanks

Capitalizing is just finding the value of the property (commercial value or market value)

Direct capitalization method finds value of the property by discounting the CF1 at a required rate of return, commonly an adjusted rate, like the CAP rate.

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