Storage Unit Income Calculator

This reflects your income stream which is an important consideration in determining a sale price for your self storage facility.

Storage unit income calculator.

Conversely the lower your cap rate the higher your income property s value. 5x5 unit 5x10 unit 5x15 unit 10x10 unit 10x15 unit 10x20 unit 10x25 unit 10x30 unit. Full disclaimer do not use calculations for anything where loss of life money property etc could result from inaccurate. Select items to store.

A high cap rate means a lower property value. 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. Our interactive storage calculator can help. If you still need help give our storage experts a call at 1 800 457 5678.

With such a variety of storage unit sizes to choose from it can be difficult deciding which one suits your needs the best. For instance if a 10 x 10 100 sq. Ft unit rents for 60 month 60 100 sq. 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.

If considering climate control add additional rental income for these premium units. Input 7 20 into this field. Then identify your target market check out your competition and compare competitors prices. This tool is here purely as a service to you please use it at your own risk.

If you aren t sure which storage unit size is right for your needs check out our quick size guide to get started. To value a self storage facility for a potential investment you can create your own self storage unit income calculator. Our storedge marketing websites provides the quality you need at the price you want. 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.

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. Choose the type of storage facility you want before estimating its specific costs. Divide your net operating income noi by the cap rate to calculate your property value. Ft 0 60 sq ft month 0 60 x 12 months 7 20 sq ft year.

The affordable website solution. They ll be able to assist you with all aspects of storage process. You ll be ready to rent in no time. They can even help reserve your storage unit for free for 7 days.

For a more conservative approach input the rental rate for a 10 x 15 unit. Since a storage facility typically has lower overhead and operating costs than other businesses it also enjoys a lower break even income.