Storage Unit Income Calculator

Conversely the lower your cap rate the higher your income property s value.

Storage unit income calculator.

Our interactive storage calculator can help. Select items to store. With such a variety of storage unit sizes to choose from it can be difficult deciding which one suits your needs the best. If considering climate control add additional rental income for these premium units.

With our advanced technologies you can get online track analytics and fill your units. If you still need help give our storage experts a call at 1 800 457 5678. For instance if a 10 x 10 100 sq. 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.

This reflects your income stream which is an important consideration in determining a sale price for your self storage facility. 5x5 unit 5x10 unit 5x15 unit 10x10 unit 10x15 unit 10x20 unit 10x25 unit 10x30 unit. Have a list of what you re storing. Divide your net operating income noi by the cap rate to calculate your property value.

They can even help reserve your storage unit for free for 7 days. This means that the return on investment can be high and a storage unit facility often enjoys a high profit margin when compared with other business ventures. Then identify your target market check out your competition and compare competitors prices. Our storedge marketing websites provides the quality you need at the price you want.

Whilst every effort has been made in building this calculator we are not to be held liable for any damages or monetary losses arising out of or in connection with the use of it. Storage calculator using a self storage facility can be a bit overwhelming so we ve created a tool to help relieve some of the pressure. Ft unit rents for 60 month 60 100 sq. 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.

To value a self storage facility for a potential investment you can create your own self storage unit income calculator. This tool is here purely as a service to you please use it at your own risk. Ft 0 60 sq ft month 0 60 x 12 months 7 20 sq ft year. For a more conservative approach input the rental rate for a 10 x 15 unit.

Full disclaimer do not use calculations for anything where loss of life money property etc could result from inaccurate. Since a storage facility typically has lower overhead and operating costs than other businesses it also enjoys a lower break even income. Input 7 20 into this field. They ll be able to assist you with all aspects of storage process.

The affordable website solution. If you aren t sure which storage unit size is right for your needs check out our quick size guide to get started.