As we close out the first half of 2019, we continue see self-storage asset valuation on the rise. Much to my surprise, self-storage valuations are remaining strong and actually rising in some markets. Although the concept of valuation seems to be quite straight forward, digging a little deeper will give us some insight into the many ways of determining an accurate measure of valuation.
Valuation of self-storage properties is a professional art, and while mechanical number manipulations are a very important part of the process, there is also a large measure of real estate judgment and experience required in developing a precise value range. While we cannot elaborate on every point of the judgment necessary to arrive at a precise valuation, we will try to give you the basics for the number crunching that will help get you in the ball park of valuation but will also make your conversation with your local Argus broker more productive. Argus is now offering a FREE, no obligation opinion of value for any owner that would like us to provide them one.
