Valuing additional Land · Freedom Through Storage

24d (edited) • 🔍 Deal Analysis & Feedback

Valuing additional Land

If a storage facility sits on a parcel with additional land, what is the best way to look at it in terms of valuing the land in the price?

Of course seller talks it up as "expansion opportunity", but if their existing units aren't full, then it could mean there isn't a demand for more units.

For context - There is about 15k sq ft of existing storage sitting on 1.2 acres and another 12k sq ft of storage sitting on 1.3 acres. There is another 1.3 acres of vacant land.

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