Enter the occupancy rate of storage units (%), the number of storage units, and the average price per storage unit into the calculator to determine the Storage Unit Profit Calculator. 

Storage Unit Profit Formula

The following formula is used to calculate the Storage Unit Profit Calculator. 

SUP = OR/100 * SU * AP - OC
  • Where SUP is the Storage Unit Profit ($)
  • OR is the occupancy rate of storage units (%) 
  • SU is the number of storage units 
  • AP is the average price per storage unit ($)
  • OC is the operational costs including leasing/mortgage costs ($)

How to Calculate Storage Unit Profit?

The following example problems outline how to calculate Storage Unit Profit Calculator.

Example Problem #1

  1. First, determine the occupancy rate of storage units (%). In this example, the occupancy rate of storage units (%) is given as 60 .
  2. Next, determine the number of storage units. For this problem, the number of storage units is given as  1000.
  3. Next, determine the average price per storage unit. In this case, the average price per storage unit is found to be 25.
  4. Next, determine the operational costs. In this case, these are 1000$.
  5. Finally, calculate the Storage Unit Profit using the formula above: 

SUP = OR/100 * #SU * AP – OC

Inserting the values from above yields: 

SUP = 60/100 * 1000 * 24 – 1000 = 13400 ($)

Example Problem #2

The variables needed for this problem are provided below:

occupancy rate of storage units (%) = 70

number of storage units = 500

average price per storage unit = 50

operational costs = 5000

Entering these values and solving gives:

SUP = 70/100 * 500 * 50 – 5000 = 12500 ($)