Going-in cap rate is the first year NOI (before capital items of tenant improvements and leasing commissions and debt service but after real estate taxes) divided by present value (or purchase price).
Pre-tax Yield Rate/IRR is the rate of interest that discounts the pre-income tax cash flows received by the equity investor(s) back to a present value that is exactly equal to the amount of the original equity investment. IRR Responses are assumed as unleveraged, all-equity transactions.
Terminal cap rate is the rate used to estimate resale or reversion value at the end of the holding period. Typically, it is the NOI in the year following the last year of the holding period that is capped.
Rent is gross rent less free rent, tenant improvements, commissions, etc.
Risk of New Construction is a rating, on a scale of 1 to 10, of new construction in pipeline vs. absorption prospects
Risk of Oversupply is a rating, on a scale of 1 to 10, of Relative Supply (including new construction) vs. Relative Demand