Appraisal of Self-Storage Facilities

4.32 Average Customer Rating

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Appraisal of Self-Storage Facilities has earned an average of 4.32 out of 5 stars from 348

In recent years, the self-storage branch of the real estate industry has become a burgeoning market for practicing commercial appraisers. Familiarity with the ins and outs of self-storage appraisals is beneficial, particularly as knowledge of this specialized market will attract a wide range of investors and clients alike. Your instructor, Tracy Martin, will provide instruction on this continuously growing market by introducing you to the fundamentals of self-storage facility appraisal.

The course assumes that the student is already familiar with the sales comparison approach and the income approach including discounted cash flow analysis. Your instructor will tie this training to the information on the specialty of self-storage facility appraisal.

In this course, you will learn:

  • The customers and demand drivers for the self-storage industry
  • How to recognize the key elements of facility design that differentiate self-storage facilities and determine quality and value
  • The difference between physical occupancy and economic occupancy and the impact of rental discounts
  • The revenue sources and expense line items specific to self-storage facilities

Chapter list:

1. Self-storage Industry, Facility Characteristics & Financial Operation
2. Property Inspection & Evaluating Market Conditions
3. Sales Comparison Approach for Self-Storage Appraisal
4. Income Approach –Direct Capitalization for Self-Storage Appraisal
5. Income Approach – Discounted Cash Flow Analysis for Self-Storage Facilities
6. Final Exam

Course ratings and reviews

McKissock is rated 4.2 out of 5 by 2001.
Rated 5 out of 5 by from I was pleasantly surprised by this course. While I had a fair amount of familiarity with the material, I was surprised by the depth of content. This was very thorough, and perhaps the most informative course I have taken from McKissock.
Date published: 2019-08-28
Rated 5 out of 5 by from This is one of the best I have ever taken. I have appraised and financed self-storage.
Date published: 2019-08-14
Date published: 2019-07-08
Rated 5 out of 5 by from Good class overall. With good information regarding industry data sources.
Date published: 2019-05-21
Rated 5 out of 5 by from Good information on the subject and thorough presentation. Ability to review quiz information helpful.
Date published: 2018-12-17
Rated 5 out of 5 by from The course was very valuable and provided good insight and is a good guide for a self-storage assignment.
Date published: 2018-12-09
Rated 5 out of 5 by from Good for investors also, which most appraisers have a goal to be at some point
Date published: 2018-09-26
Rated 5 out of 5 by from I give this course 5 stars. This course is more than I would expect. The course on Small Hotels needs to beef up to this level.
Date published: 2018-07-29
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