He's and old school, shoe box record keeper.

It's in a tertiary market with 2 other storage places within a mile (both of which seem to be close to full occupancy).What are the rough cap rates for valuing stabilized self-storage?  

@Leah BonnerPut yourself in the seller's shoes.

Hello,I'm considering the acquisition of a self-storage unit in Las Vegas and need an EXPERIENCED broker in commercial self storage units and the financing options pertaining this.  

Putting yourself in the other person's shoes is so simple but yet not alot of people get it.Great lesson!

Of course since it was a Thursday it will run over the weekend and she is going to want hotel costs and storage costs covered as well.

All of my things are still in storage in Wilmington. 

One is a fourplex and the other is a duplex with a single family home on the same lot.What are my options and what would you do if you were in my shoes?

As for me, I have diversified my portfolio across different platforms, different deal types (equity, preferred equity, debt), and also types of properties (commercial, multifamily, residential, mixed-use, storage, etc). 

My guess is that if you sold it off-market to a private party it would matter less, but then you'd have less exposure of course.The biggest issue I've noticed about properties where the zoning is odd/unusual/not what you'd expect based on the current usage, is that often they are in very not-great areas.For example, the property you're talking about, would not surprise me if it's on a short street and next to or across from an abandoned / boarded-up factory, railroad tracks, etc. and all the properties on that short street are either vacant or in rough shape.I'm not just being pessimistic, I've researched a lot of properties and the few times these zoning mismatches pop up, seems more often than not to be a situation like that.So to me the issue isn't the zoning per se, it's that the zoning itself is an indicator of something else that's less desirable about the property, such as what's around it.The Providence zoning code is online and in the Industrial Districts section defines Light Industrial (M-1) as: "The M-1 light industrial district is intended for light industrial and office park uses that accommodate a variety of manufacturing, assembly, storage of durable goods, and related activities provided that they do not pose toxic, explosive or environmental hazard in the city."