Zoning, I-3 Right?
Whenever I take a look at a new town to do storage, I take two approaches at the same time. Do I build or buy it? Do both of these at once and go with the one with the best return or impact. Preferably, I like to buy because this takes out the competition, greater control over pricing, and hopefully, they have some land to expand on. The expansion of an existing facility is always more profitable than the initial purchase or build.
What Size is Best For Buying Storage Units?
Thirty-foot building is the best. You can move the walls based on your actual size mix.
If you’re in the City and zoning requires concrete frost-free footings and hard surface roads I would do the 30’s but if you have a second run of buildings do 40’s. Your footing cost is almost the same for each width. Also, you have more concrete that is renting with a 40, relative to the amount of hard surface road.
Storage Units Market Demand “Will they come?”
I’ll give you the tool I use, but you will have to make an investment of your own time. Otherwise you don’t own the data. Below you will find information on Storage Units Market Demand in Omaha, NE, Council Bluffs, IA, and the surrounding areas.