Check all true statements regarding Cap Rates

Pricing a property via Cap Rates is analogous to receiving a perpetuity in the form of an NOI being the payment every year and the Cap Rate being the discount rate

A form of average cap rate is used to price commercial properties depending on their industry and/or location

Cap Rates are used when pricing commercial properties via the cost approach

Cap Rate for One Property = Property Value/NOI

As cap rates used to price a property decrease, the property values increase holding all else equal