Here's how to value self-storage facilities
Older, NOT national brand
Vacancy - 10 % (for leased up stabilized value)
Expenses - 38%
Cap Rate - 6%
Cap Rate - 6%
Newer and/or national brand
Vacancy - 10 % (for leased up stabilized value)
Expenses - 35%
Cap Rate - 5%
Cap Rate - 5%