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Updated about 2 years ago on . Most recent reply

Kobe McDaniel's profile image
Kobe McDaniel's profile image
Kobe McDaniel
  • Real Estate Agent
  • from Snohomish, WA
  • Member since Oct 6, 2020
  • Posts 94
  • Votes 48
  • Experience 5 Yrs
  • Investments 1
Connect

User Stats

94
Posts
48
Votes
Kobe McDaniel's profile image
Kobe McDaniel's profile image
Kobe McDaniel
  • Real Estate Agent
  • from Snohomish, WA
  • Member since Oct 6, 2020
  • Posts 94
  • Votes 48
  • Experience 5 Yrs
  • Investments 1
Connect
Kobe McDaniel
  • Real Estate Agent
  • Snohomish, WA
48
Votes |
94
Posts
Buying & Selling Real Estate

Running the Numbers on Self Storage Deal

Kobe McDaniel
  • Real Estate Agent
  • Snohomish, WA
Posted

Hi All,

I'm looking at a self storage listing that is listed for $5,000,000. The listing says NOI is $212,509 and their cap rate is 5.

Using the income approach, wouldn't $212,509/5 cap equal a property value of $42,501.80 I've already reached out to get more accurate numbers so I can do the math myself. Any self storage tips/advice would be great!

Seattle, Washington
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