CAP Rate for Self Storage Units in Naples, Florida 34105

[Edward Hall]

I'm trying to do an initial valuation of a Self Storage unit in Naples, Florida 34105.  I know that full due diligence is required as part of the process but I'm trying to get to a offer, no offer decision.  Seller side realtor said 5% to 6%.  Big difference in value.

What is a reasonable CAP rate for Self Storage Units in NAPLES, FL 34105??

Thanks, Bob 

Forge Investment Group, [email protected]

[Scott Meyers]

Cap rate is not only market specific but also, Class Specific.

If it's a Class A Site - expect it to be in the 5 to 6% range

Class B - 6-8% 

Class C - 9 + 

Several other factors involved as well, but this might help.