Feasibility Studies · RV & Boat Storage
A CSSVS feasibility study tests demand, site fit and financial performance for a new RV, boat and vehicle storage facility, expansion or conversion. It's the report lenders need before they finance construction.
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Explainer video
The questions are the same as for self storage: is there demand, and will the project pay? But the answers come from different data.
Demand comes from RV and boat ownership, nearby lakes, marinas and recreation areas, and local rules that limit parking at home.
Uncovered, covered and enclosed spaces, sized by vehicle length rather than square feet.
Larger parcels, wide drive aisles and turning room, and zoning that allows outdoor storage.
Rent per space and revenue per acre, seasonal swings in demand, and lower build costs for open parking.
Most engagements start with Phase I to confirm the fundamentals. Phase II builds on that work once your site and design are further along.
Trade area delineation, a survey of competing RV, boat and vehicle storage (including self storage facilities that offer parking), and demand modelling to confirm the site has room to support a facility.
A recommended space mix by type and length, then rents, absorption, expenses, net operating income and projected market value once stabilized: the report most lenders require to fund construction.
Drive-time and radius trade areas mapped and justified.
Existing and proposed facilities, with covered, uncovered and enclosed spaces and their rates.
Demand estimates from population, households and growth, with an absorption timeline.
How many spaces of each type and length the market will support.
Ten-year projection with stabilized NOI and cap rate valuation.
Confirms RV and boat storage is the legally permissible, financially feasible use of the site.
Need data first?
Demographics, supply and demand for your trade area from $495, credited toward a Phase I study if you go ahead.
Yes. Many sites combine enclosed self storage with outdoor or covered parking, and the study can test each part of the project.
Yes. RV and boat storage studies use the same fee structure, typically $5,000 to $10,000 depending on scope and phase.
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.
Yes. All project details are held in strict confidence and are never shared without your written consent.