Self-Storage

The self-storage sector presents unique valuation challenges that require specialized knowledge of both real estate and operational performance. Unlike many traditional commercial property types, self-storage facilities are typically valued as income-producing assets, where facility specific factors such as occupancy trends, unit mix, rate structures, management efficiency, and ancillary revenue streams (e.g., truck rentals, retail sales, insurance) can significantly impact value.

At Axim Valuation Group, self-storage valuation is a key area of focus, backed by extensive experience across the Pacific Northwest. Jason Neary has appraised a wide range of self-storage assets throughout diverse markets including the Treasure Valley, Magic Valley, Seattle-Tacoma corridor, and various secondary and tertiary markets across Washington, Idaho, and Oregon.

Jason has experience appraising a full spectrum of self-storage property types, including:

• Traditional single-story drive-up facilities

• Multi-story climate-controlled urban assets

• Boat and RV storage sites

• Facilities with mixed-use components or redevelopment potential

• Stabilized and lease-up stage properties, including new construction

His appraisals incorporate market-specific research, including competitive supply and demand analysis, lease-up projections, cap rate benchmarking, and direct engagement with market participants. He also has experience evaluating facilities under various ownership and management models, from independent operators to national REIT-managed portfolios.

In regions experiencing rapid growth or evolving land use dynamics Jason brings valuable insight into how local zoning, development trends, and demographic shifts influence self-storage demand and long-term viability.