Understanding the true value of a self-storage facility is essential whether you’re planning to sell, buy, refinance, or simply want to know where your investment stands. Unlike residential real estate, valuing commercial properties like storage facilities requires a deeper look at income, expenses, and market conditions. Here are four key methods that professionals use to determine the value of a self-storage facility. 1. The Income Approach The Income Approach is the most common and practical method for valuing self-storage facilities. It’s based on how much income the property generates compared…
Valuing a Self-Storage Facility: 4 Proven Methods Every Owner Should Know
