Storage Unit Investment Calculator
Storage Unit Investment
Estimate investment returns for a self-storage facility based on unit count, size mix, and occupancy
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Formula
NOI = (Units x Avg Rent x Occupancy x 12) - Operating Expenses; Cap Rate = NOI / Investment x 100
Frequently Asked Questions
Is self-storage a good investment?
Self-storage facilities often produce cap rates of 6 to 10 percent and have lower operating costs than many other real estate investments. Occupancy rates typically range from 85 to 95 percent.
How much does it cost to build a storage facility?
Building a self-storage facility costs $25 to $70 per square foot. A 50-unit facility can cost $250,000 to $1 million or more depending on location and construction type.