For self-storage owners and investors trying to estimate the value of their property, a realistic understanding of an appropriate capitalization (cap) rate is crucial. The Self-Storage Custom Cap-Rates Report, prepared on demand by Colliers International Valuation and Advisory Services LLC, addresses applicable cap rates for specific properties and regions using the Colliers Rating System.
Based on a specific U.S. address supplied by the customer, the report analyzes comparable self-storage assets within the region as well as applicable cap rates by using eight performance and property metrics to rate a facility as class A, B or C.
Each report provides a high-level view of cap-rate expectations based on Colliers’ completion of hundreds of appraisals per year and its conversations with a wide variety of market participants across the nation. It includes:
- An appropriate cap-rate range for the subject property
- Sections on national and local cap-rate trends
- Six hand-selected comparable properties based on the property information you provide at the time of purchase
- Photos and notes on comps to provide additional insight to market forces that impact sales price
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