This overview is provided to help buyers and sellers of self storage businesses gain clarity on the role of the cap rate in a property valuation.
Storage unit value calculator.
To determine the value of a self storage property you must understand the income it has already generated and what it will provide moving forward.
Let texas storage investors help you determine the value of your current storage facility property with our online calculator.
Our storage experts are happy to help you find the best storage unit for your needs.
In fact the average self storage facility sells for just under 40 per square foot according to the self storage almanac.
This tool is here purely as a service to you please use it at your own risk.
Every new entrant into the self storage market needs to understand the cap rate as a part of the essential math of income property ownership and sale.
A collection of really good online calculators for use in every day domestic and commercial use.
Using a self storage facility can be a bit overwhelming so we ve created a tool to help relieve some of the pressure.
Conversion units for the data.
While appraisers typically value commercial real estate by the income approach the replacement value or cost approach or the comparable sales approach this article will focus on the income approach for this is what motivates buyers almost.
In this conversion calculator prefixes for bits and bytes kilo mega giga and tera are in binary notation rather than the common si unit decimal notation.
Include your startup costs in your self storage value calculator as well as your monthly operating costs including utilities maintenance and even advertising.
If you re buying an existing facility the.
Typically potential customers who are looking for self storage choose units that are within a few miles radius of where they live.
Our storage experts are happy to help you find the best storage unit for your needs.
Notice how many self storage facilities cluster around 4 per square foot of income and 40 per square foot of value.
With such a variety of storage unit sizes to choose from it can be difficult deciding which one suits your needs the best.