Conversion Investment Calculator


Some of the best opportunities in self storage lie in existing vacant buildings. Converting an existing building into a self storage operation can be a very lucrative proposition. There are a number of issues you need to look at to understand the viability of changing an existing building to self storage. One of the first steps is to figure out if it is financially feasible. Trachte's conversion calculator allows you to understand the basics of whether the project is financially feasible or not. The calculator will help you answer some basic questions

  • Is the existing building too expensive to convert to self storage?
  • Will I get enough rentable square feet in the building to make it cash flow?
  • How much will the entire project cost?
  • How much money will I need to invest?

Simply enter your best guesstimate on development costs, average rent in your market, and estimated square footage in the blue fields. To guide you, we've supplied helpful hints for each input field. Just hover your mouse over the field for more details. Contact one of our knowledgeable regional managers for further guidance.

Existing building cost $
Total gross square footage of the existing building $
Total net rentable square footage $
of the gross sqft.
Estimated cost of permits, interior demolition, repairs and painting $ Cost per gross sqft.
Estimated cost of interior corridor systems installed $ Cost per gross sqft.
Estimated cost of HVAC, electrical and security systems $ Cost per gross sqft.
Estimated cost to improve office, signage and exterior appearance $ Cost per gross sqft.
Total Estimated Cost $ Cost per gross sqft.
Average rental rate for project is $ / sq.ft per year
Total Development Costs $
Gross Income $ per year
Gross Operating Expenses
%
Annual Operating Expenses $
Borrowing % of the Total Development costs at % interest for 20 years
Resources
Calculators New Construction Investment Calculator Conversion Investment Calculator Portable Calculator Concrete Calculator Photo Portfolios Video Education Forms Ask the Expert Assembly Manuals