Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

Valuing Boat & RV Facilities “The Answer Isn’t a Number

8 Apr 2026 · 1 min

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0:41

Joe Downs explains how to value boat and RV storage facilities when comparable sales are scarce. He builds valuation from the NOI model instead of relying on comps, and emphasizes the operator skills that drive returns.

Chapters

And today we're getting into valuation. How do you value a boat and RV facility when the comps are thin, the seasonal cash flow looks confusing on paper, and most lenders haven't seen one of these deals before? The answer isn't a number you look up. It's a narrative you need to build from the NOI model up. Operators who can do this have a real edge, and that's exactly the kind of thing or thinking that we develop in our members at the Storage Moguls. So if you go to storagemoguls.ai, you can register for free. By the way, that's exactly why we built Storage Moguls, so we could have a community that's made up of real people, actual operators just like you.