Service 01 of 3 · Feasibility Studies

Know the market will support your project before you build.

A CSSVS feasibility study confirms demand, site viability, and financial performance for a new self storage facility, expansion, or conversion — the report lenders require before financing breaks ground.

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$5K – $10KTypical engagement fee

143+Engagements completed

Every major lenderAccepts our reports

Within	Existing	Proposed

Subject siteExistingProposed

Illustrative market.

Also available

Planning RV or boat storage?

We run the same two-phase feasibility study for RV, boat and vehicle storage, with demand and space-mix analysis built for outdoor, covered and enclosed parking.

RV & Boat Storage studies →

Two phases, built to answer the questions your lender will ask.

Most engagements start with Phase I to confirm the fundamentals. Phase II builds on that work once your site and design are further along.

Phase I

Market & Demand Analysis

Trade area delineation, competitive survey, and population-based demand modelling to confirm the site has room to support a facility — before you commit further capital to design or land.

Phase II

Financial Projections

Full financial modelling based on your design: stabilized revenue, expenses, net operating income, and projected market value once stabilized — the report most lenders require to fund construction.

CSSVS team reviewing a site plan for a proposed self storage facility

What's included.

Trade area delineation

Primary, secondary, and tertiary catchment zones mapped and justified.

Competitive survey

All existing and proposed facilities identified, inspected, and rated.

Demand modelling

Population-based demand estimates with an absorption timeline.

Financial pro forma

Ten-year projection with stabilized NOI and cap rate valuation.

Executive summary

Board- and lender-ready summary of findings and recommendation.

Highest & best use assessment

Confirms self storage is the legally permissible, financially feasible use of the site.

Common questions.

When do I need a feasibility study instead of an appraisal?

A feasibility study is for a proposed or planned facility, where the question is whether the market can support it. An appraisal is for an existing facility, where the question is what it's worth today. Most lenders require a feasibility study as a condition of construction financing.

How long does a feasibility study take?

Most Phase I studies are completed within three to four weeks of receiving site details. Phase II timing depends on how far your design and cost estimates have progressed.

Do I need both Phase I and Phase II?

Many clients start with Phase I to confirm the fundamentals before investing further in design. Phase II is typically required once your lender needs a full financial pro forma.

Is my information kept confidential?

Yes. All project details are held in strict confidence and are never shared without your written consent.