What is as-is NOI?
What the property is producing today, based on the current rent roll, occupancy, expense structure, and condition. The starting point, closest to observable reality, though it may still need normalization.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.