Net operating income, or NOI, is the income a property generates after normal operating expenses are deducted but before debt payments and income taxes. It is commonly used to evaluate income-producing commercial property. Accurate NOI calculations require reliable information about:

  • Rent
  • Vacancy
  • Tenant reimbursements
  • Property taxes
  • Insurance
  • Maintenance
  • Management
  • Utilities
  • Other operating expenses