Here's an overview: TRADE AREA - 3 Mile Radius• 12 traditional facilities• 864,595 net rentable sq ft• 41,175 sq ft climate-controlled• 823,420 sq ft non-climate-controlled• 21.2 sq ft per capita overall• 1.0 sq ft per capita climate-controlled• 20.2 sq ft per capita non-climate- controlled• No boat and RV specialty facilities (although, all the facilities in the area have a portion of space designated for this and are usually maxed out)DEMOGRAPHICS - 3 Mile Radius• 40,786 population• 2.0% one-year population growth• 6.3% three-year population growth• 12,869 households• 37% renters• 26% multi-family• $44,627 median HH income• $123,150 median house value ($267,836 county)YELLOW LIGHTPros:• Climate control likelyundersupplied• Population growth is great• Good number of renters goodfor turnover and raising prices• Opportunity for boat and RVstorageCons:• Market may at equilibrium oroversupplied with additionaldevelopment• 2 facilities built in 2018 may stillbe in lease-up (yellow dots)• Low median house value andhousehold income - (This seems incorrect.

That's just incorrect, whomever told you this doesn't know what they're doing. 

Sorry, just read the post incorrectly 

Again, the issues here would be if those properties were structured incorrectly or filed incorrectly....but I think it would certainly be worth having a conversation with a different lender about it.

So the idea that all the lower bids are 500 less than the highest is just incorrect.

What I am hearing from people is that alot of the info is either old or incorrect, for example the property sold months ago or the owner isn't interested in selling

AND, we just got notice from the IRS that E3 filed our taxes incorrectly!

Often with incorrect/bad information.  

Shawn, the answer given to you above on this question is incorrect.

Hi - hoping some of you can let me know what I am missing or calculating incorrectly.