Parking investing means owning parking facilities, surface lots or structured garages, that generate revenue from drivers paying to park, whether hourly, daily, or via monthly contracts.
Log in to followSmall unattended surface lot, about 25 spaces, everything paid at a kiosk, no staff on site except a cleaner twice a week. The county clerk told me a commercial parking facility n…
I'm looking at a surface lot near a hospital, 50 striped spaces. The broker's one-pager says "85% occupancy" in big type, then further down the seller's income summary lists 22 mo…
60-space surface lot, mid-size downtown, one block from a hospital employee entrance. Trailing gross is about $19,000 a month, so $228k a year, roughly 60/40 monthly contracts to…
An agent sent me a listing for a single parking space in a downtown condo garage. $38,000, HOA dues $95 a month, currently rented to someone in the building for $225 a month. The…
I've been sitting down with owners to figure out where a service business could actually be useful, and parking keeps producing the same complaint. One owner with two garages, bot…
45-space corner surface lot, asking $1.1M, trailing NOI around $78,000, so about 7.1% on the income alone. The site was a branded gas station until 1987. Tanks were pulled, and th…
Numbers I've been quoted on a 40-space lot doing about $8,000 a month gross. Option one, a full gate and kiosk setup, $42,000 installed plus $600 a month for the software and supp…