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premium","rows":[5.5,6.5,7.5,8.5,9.5],"columns":[1,2,3,4,5],"values":[[6.5,7.5,8.5,9.5,10.5],[7.5,8.5,9.5,10.5,11.5],[8.5,9.5,10.5,11.5,12.5],[9.5,10.5,11.5,12.5,13.5],[10.5,11.5,12.5,13.5,14.5]],"unit":"% required return"}],"limitations":["A cap rate is a snapshot of asset value relative to NOI, not a complete equity return model.","Debt yield, bond yield, discount rate, and cap rate are related but not interchangeable.","Contracted escalators, lease duration, tenant credit, capex obligations, and residual value must be modeled explicitly.","This sample does not include taxes, leverage, transaction costs, or construction-period cash burn."],"illustrative":true}}