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Self-storage · Sector in build

Self-storage feasibility, modelled to stabilisation.

NLA, unit mix, occupancy ramp, rent per sqm, stabilised NOI and yield on cost. Popurise is live for residential today and is expanding into self-storage next.

Register interest View residential model

Why this sector

Stop modelling self-storage with a single rent rate.

Self-storage feasibility lives on unit mix, occupancy ramp and stabilised NOI. Spreadsheets that average rent across the facility hide the curve that decides the deal.

The old way
Flat rent, flat ramp.

Rent per sqm averaged across the mix. Occupancy guessed. Stabilised yield estimated at the end.

With Popurise
Unit mix, ramp curve, yield.

Rent per sqm by unit type, occupancy ramp month by month and yield on cost in the live output.

Self-storage is a ramp, not a sell-down.Unit mix, rent, occupancy and stabilised yield in one workspace.
  • 01

    Unit mix as a real input.

    Rent per sqm varies by unit type and size. Model it, do not average it.

  • 02

    Occupancy ramp by month.

    Storage facilities fill over years, not weeks. Model the curve.

  • 03

    Stabilised NOI at the top.

    Gross income net of structural vacancy, opex and reserve.

  • 04

    Yield on cost as the test.

    Stabilised NOI over total development cost. The viability check.

  • 05

    Hold IRR not just margin.

    Equity IRR across construction, ramp and exit. Not just a development margin.

  • 06

    Scenarios on ramp speed.

    Base, slow and fast as scenarios, in one project.

The spreadsheet problem

Stop letting the spreadsheet flatten the ramp.

Self-storage lives on the ramp curve. Most workbooks flatten it to one number and miss the difference between a good site and a bad one.

  • 01One rent rate across the facilityRent per sqm by unit type
  • 02Occupancy assumed flatRamp curve modelled month by month
  • 03Opex absorbed into a marginManagement, maintenance and marketing as real inputs
  • 04Stabilised NOI calculated lateStabilised NOI live in the output panel
  • 05Yield on cost rebuilt every cutYield on cost connected to every input
  • 06Hold IRR ignoredEquity IRR across construction, ramp and exit
  • 07Final_v6 becomes the systemOne live project, one scenario set

The difference

Run self-storage feasibilities faster.

Excel flattens the ramp. Industrial templates miss the unit mix. Popurise is being built for self-storage teams that want stabilised yield in minutes.

What you get
Excel workbookBuild it yourself
Spreadsheet templateOff the shelf
Legacy softwareTrained user tool
PopuriseBuilt around the deal
Best fit
Analyst-built ramp models
Industrial templates
Trained users
Self-storage feasibility
Unit mix
Averaged
Averaged
Available, heavy
By unit type
Ramp curve
Manual
Limited
Process-heavy
Month by month
Opex
Absorbed
Flat margin
Heavy to configure
Real input categories
Stabilised NOI
Hand-calculated
Hand-calculated
Available with effort
Live output
Hold IRR
Not modelled
Limited
Heavy
Across construction, ramp and exit
Scenario testing
Copy files
Manual
Heavy
Side by side
Version control
File chaos
File chaos with formatting
Better, but heavier
One live project

Get to the answer faster, without spreadsheet mess or software bloat.

Register interest

How it works

Three steps to a faster self-storage decision.

Model the site, compare ramp scenarios and decide whether the facility is worth pricing.

Step 01

Model the deal

Set the site, NLA, unit mix, rent per sqm, ramp curve and exit yield in one workspace.

Step 02

Compare the cases

Test slow, base and fast ramp scenarios without copying spreadsheets.

Step 03

Make the call

See yield on cost, stabilised NOI and hold IRR. Decide what gets the next round of work.

What the model handles

A self-storage model, not a renamed industrial shed.

The Popurise self-storage model is being scoped around unit mix, ramp curve, opex stack and exit yield, for Australian developers and operators.

01

Site and NLA

Site areaFootprintNLALevelsEfficiency

02

Land and acquisition

Land costStamp dutyAcquisitionSettlement

03

Build costs

CivilsStructureFit-outDrive-up accessContingency

04

Unit mix and rent

SmallMediumLargeDrive-upRent per sqm

05

Occupancy and opex

RampStabilisedManagementMarketingReserve

06

Finance and exit

LVRInterestRefinanceExit yield

07

Programme

AcquisitionConstructionRampStabilisationExit

Popurise model

Inputs stay connected. Change the deal, see the answer move.

Output · PlannedDriven by sector-specific assumptions

Returns

Yield on cost7.8%
Stabilised NOI$4.6M
Exit value$72.0M
Development profit$14.2M
Development margin21.2%
Hold IRR15.6%
Peak debt$46.4M
Peak equity$22.8M

  1. Development directors

    Decide which storage sites deserve a real bid.

  2. Acquisition teams

    Screen sites against a target stabilised yield.

  3. Operators

    Sanity-check ramp, unit mix and opex assumptions.

  4. Asset managers

    Stress-test exit yield and hold IRR.

  5. Funds and investors

    Sanity-check stabilised NOI and exit value against the cost stack.

Why it exists

A better way to run self-storage feasibility.

Popurise is being built around the inputs that decide a self-storage deal: unit mix, ramp curve, opex and stabilised yield, in one workspace.

Built for self-storage

Model NLA, unit mix, rent per sqm, ramp, opex and stabilised yield in one workspace designed around a hold.

Made for faster site screening

Use Popurise to test whether a site is worth bidding before the deeper bid model is built.

Clearer than spreadsheet files

Keep ramp scenarios, opex and cashflows together so the stabilised answer is easy to review.

Popurise helps self-storage teams replace fragile workbooks with a cleaner browser-based workspace for self-storage feasibility and stabilised yield review.

Questions

Self-storage feasibility, answered.

Straight answers on how Popurise will handle self-storage feasibility for Australian developers and operators.

Is the self-storage model live today?

Not yet. Popurise is live for residential development feasibility. Self-storage is a future sector being scoped on the same platform.

How is the ramp curve modelled?

Monthly absorption from practical completion to stabilised occupancy, with structural vacancy applied across the hold.

How is unit mix handled?

By unit type and size, with rent per sqm tied to each type. The blended rent falls out of the mix, not the other way around.

What does stabilised NOI include?

Gross rental income net of structural vacancy, management, maintenance, marketing and capex reserve.

Can the model handle staged opening?

Yes. Staged opening with different ramp profiles per stage is being scoped.

Will it support drive-up versus internal mix?

Yes. Drive-up and internal units can be modelled as separate unit types with separate rent rates and fit-out costs.

How do I register interest?

Use the Register interest button. Tell us how your team currently models self-storage and what would help.

Want to shape self-storage feasibility in Popurise?

Tell us how your team models self-storage today. We are building this with the developers and operators who will use it.

Register interest View residential model