VaultPoint Self Storage
- 01 — Executive Summary
- 02 — Property Overview
- 03 — Market Analysis
- 04 — Valuation & Pricing
- 05 — Financial Pro Forma
- 06 — Comparable Transactions
- 07 — SWOT & Risk Assessment
- 08 — Recommendations & Exit Strategy
640-unit climate-controlled self storage on a high-visibility corridor. Recommended path: optimize pricing automation and add covered RV/boat parking.
640 units across 78,000 NRSF. 72% climate-controlled. Built 2017. 1.8 acres of expansion land for canopy RV / boat parking.
Building systems, envelope, and site improvements were evaluated against age-appropriate benchmarks. Overall condition is consistent with the asset's vintage and prior capital plan; near-term capex is limited to cosmetic refresh and tenant-driven improvements.
3-mile supply at 6.4 SF/capita vs national 5.8. New supply pipeline limited; pricing power returning after 2024 reset.
Three-method valuation triangulating Income, Sales Comparison, and Cost approaches. Concluded value reflects current market conditions and the asset's position within North Dallas Storage Submarket.
| Cap rate ↓ / NOI → | -5% | Base | +5% |
|---|---|---|---|
| 5.75% | $15.2M | $16.0M | $16.8M |
| 6.25% | $14.0M | $14.9M | $15.4M |
| 6.75% | $12.9M | $13.6M | $14.3M |
Projected stabilized cash flows assume 3% annual rent growth, 2% expense growth, and a 7% vacancy reserve. Returns are illustrative and pre-debt.
| Line item | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 |
|---|---|---|---|---|---|
| Gross Potential Income | $1,420k | $1,463k | $1,507k | $1,552k | $1,599k |
| Vacancy & Collection | ($99k) | ($102k) | ($105k) | ($109k) | ($112k) |
| Effective Gross Income | $1,321k | $1,361k | $1,402k | $1,443k | $1,487k |
| Operating Expenses | ($388k) | ($396k) | ($404k) | ($412k) | ($420k) |
| Net Operating Income | $933k | $965k | $998k | $1,031k | $1,067k |
| Capex Reserve | ($28k) | ($29k) | ($30k) | ($31k) | ($32k) |
| Cash Flow Before Debt | $905k | $936k | $968k | $1,000k | $1,035k |
Four climate-controlled facility sales within 25 miles. Cap rates 6.1–6.7% for stabilized, branded assets.
| # | Property | Distance | $/SF | Cap rate |
|---|---|---|---|---|
| 1 | Beltline Storage | 4.1 mi | $182 | 6.4% |
| 2 | Northstar Self-Storage | 9.3 mi | $186 | 6.2% |
| 3 | Trinity Vault | 12.8 mi | $180 | 6.5% |
| 4 | Summit Storage | 18.5 mi | $188 | 6.3% |
Comp set drawn from arm's-length transactions in the trailing 18 months; outliers (REIT portfolio trades, intra-family transfers) excluded. Adjustments applied for age, condition, lease structure, and location.
| Risk | Likelihood | Impact | Mitigation |
|---|---|---|---|
| Tenant rollover | Med | High | Pre-leasing & early renewal |
| Cap rate expansion | Med | Med | Lock fixed-rate debt |
| OpEx inflation | High | Low | NNN passthrough where possible |
| Insurance market | High | Med | Bundle & higher deductible |
Implement dynamic pricing, develop covered RV/boat parking on expansion land, then evaluate a portfolio refinance.
Property Sage AI provides informational estimates, market observations, and commercial property insights for educational purposes only. Reports are not appraisals, broker opinions of value, legal advice, financial advice, or guarantees of future performance. Users should independently verify information before making real estate decisions.