What specifically will the city require of you as far as the elevations in the front to cooperate with HPOZ?

The settlement seems to be local to the one property, i went and walked around the property since its vacant and talked to one of the neighbors and he mentioned that it happened right after they had an insane amount of raining and the retaining pond behind the property rose to nearly within a foot of the house foundation before it carved a path in the ground around the property due to the road being of lower elevation vs the house.

He came and gave us a elevation measurement.

On thing to keep in mind are potentially elevated maintenance and landscaping costs, as the weather an be extreme ranging from intense rain to snow flurries on the beach. 

I see a slow slog downward until we hit the balance point mostly because the rates will remain elevated 6%+ for another year at least.

However, a few other key factors to help you filter through:If ceiling is at least 19 feet you can add a 2nd floor and basically double your Sq Ft capacity (course you'll need to add an elevator)What to do about the Parking Lot - this can be for "Boat & RV Storage" or perhaps use the opportunity to expandAccess Points for easy entrance/exit.And the major wildcard is the city Planning & Zoning - is it currently zoned for Self Storage? 

So I was 10+ positions in the beginning, as I hire them out, I delegate and elevate myself. 

To counteract this you may inquire as to the expense it would cost to elevate the property and get an "elevation certificate" if that is even possible.

If property taxes are low upon resale taxes might go higher.So getting an overall credit to cover old elevator if one that needs replacing, possible increase in property taxes for reassessment after sale, roof repair or replace, a/c and heating units replacements,etc.With the roof check to see if there is a roof warranty and if it is transferable to buyer and the process and costs to do so.

In the valley a bath towel draped over the pipes outside will prevent the frost, takes more than that in the higher elevations.