How big of a parcel do you need to build a storage unit?

The cost to build storage units starts with land costs and parcel sizes. A facility of 40,000 square feet requires a land parcel size of 2 to 3 acres. You need 3 to 4 acres for 60,000 square feet and 4 to 5 acres for 80,000 square feet, and so on. Generally, about 40% of a storage facility’s customer base demands climate-controlled units.

Where can I build a self storage facility?

You might find a great location, but if it’s zoned with a C-1 classification and self-storage is only allowed in “business highway” or “light industrial,” you may be chasing your tail. It’s important to find land on which you can actually build.

What kind of land do you need to build a storage facility?

It’s important to find land on which you can actually build. Ideally, you’re looking for an affordable, properly zoned, flat, highly visible piece of property with a high traffic count, which is close to population centers (or at least closer than the competition).

Where is the building inspection office in Henrico VA?

Beginning May 24, 2021 the Department of Building Construction and Inspections office on the 2 nd Floor of the County Administration Building at 4301 E. Parham Rd. has re-opened to the public. All permitting, plan review and inspection services are being delivered daily from 8:00 a.m. – 4:30 p.m.

How big of a tract do you need to build a house in Virginia?

Requires a 20-acre or larger tract under a single development plan and management control.

What are the zoning districts in Henrico County?

The following is intended only as a summary of zoning districts and permited uses as set forth in the zoning ordinance of Henrico County. For specific regulations please refer to Chapter 24 of the Henrico County Code (the Code can be obtained at https://henrico.us/government/municipalcode/ ).

How much does it cost to build a self storage facility?

The most common “state of the art” facility will be about 60,000 – 80,000 net rentable square feet, cost $45-65 per square foot to construct (outside of existing land costs), and have break even operating expenses in the 40-60 percent range (not including debt service) of total stabilized income.