{"slug":"cap-rate-decomposition","source_name":"cap-rate-decomposition","name":"Cap-rate decomposition","description":"Use when analyzing a cap rate for a commercial-real-estate acquisition or underwriting — separates going-in from terminal cap, reconciles the rate against a risk-free-plus-real-estate-plus-property-specific risk build-up, and normalizes comps for occupancy and NNN-vs-gross lease structure so their NOIs are comparable, work the base model skips in favor of the flat \"cap = NOI/price, lower is better\" reading.","version":1,"lift":{"pass_rate_delta_pts":null,"pass_rate_pct":20,"total_cases":15,"passed_cases":3,"tokens_delta_pct":461,"turns_delta_pct":0,"verdict":"mixed","benchmark_model":"gemini-3.5-flash","grading_method":"judged","completed_at":"2026-07-11T04:45:17.824652+00:00"},"skill_score":null,"benchmark_models":[{"model":"gemini-3.5-flash","headline":false,"delta_pts":null,"with_pass_pct":null,"without_pass_pct":null,"tokens_delta_pct":461,"turns_delta_pct":0,"total_cases":15,"cases_aggregated":15,"verdict":"mixed","never_hurt":true,"completed_at":"2026-07-11T04:45:17.824652+00:00","run_id":"6dce6649-2a42-4c82-b429-135f8dcb2c9c","version_number":1,"is_latest_version":true,"gate":"not_comparable"}],"trust":{"skill_safety":"passed","safety_status":"clean","intent_verdict":"safe","content_status":"clean","indexable":false},"license":null,"install_count":0,"manifest_hash":"9a6f0ab7d30a95fb055419d4a56a7c9367c7c26dd1c36a84f8fac106d0f1924e","raw_url":"https://app.decimal.ai/s/cap-rate-decomposition/SKILL.md","scorecard_url":"https://app.decimal.ai/skills/cap-rate-decomposition"}