Is 7% a good cap rate?

Could you elaborate on why you are asking if 7% is a good capitalization rate? This number can vary greatly depending on the type of property, its location, and the current market conditions. For example, a higher cap rate may indicate a riskier investment, while a lower cap rate could signify a more stable, but potentially less lucrative, investment. What factors are you considering when asking this question, and what are your investment goals? Understanding these details will help me provide a more informed answer.