If there's not enough population to support the number of storage units in the 3-5 mile radius, then you're going to have to compete on price.

Though it is not a steady curve, the climb is likely to continue indefinitely due to the steady influx of population. 

However, just because in my neighborhood I only see blue jays, mockingbirds, robins & crows, it would be foolish of me to draw the conclusion that the avian population is limited to those 4 species. 

The location could be better but the population in this area is pretty dense and there are no similar buildings at this price point.

Sometimes, in places with high density population like Los Angeles, where property values are relatively high, people hunt for vacant, abandoned houses with lots or equity and either try to find the living owner or their legal heirs.

If this property is in an area that is in demand with a growing population I would not sell right now.

Targeting warmer climate states with above average median income levels and population growth.Most of my clients are going for Texas, Georgia, SC, NC, TN, FL.There is a lot of metrics that go into buying retail and the process.

In highly populated areas, with lots of sales in that zip or part of town such as... lets say, Ft Worth (picking on the DFW for those who have knowledge of the area)... can it be CLOSE to accurate on home prices?  

If you get a 70% loan on a $100,000 house, whose market value is $130,000 the day you bought it, your LTV is actually 53%.Another big risk is buying in a dying local economy, where population is declining, no new jobs, etc.

If it happens soon afterwards, there is a portion of the renter population that have doubled up their households.