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  • New Facility Costs Estimation

    Good evening new friends,

    I've been reading many of your posts over the last few months but have now taken the plunge to join the community. I'm opening our first storage facility in Jan/Feb 2021 and trying to build out some pro formas to anticipate our balance sheet, margins, etc. for the year. While many of our costs will of course be fixed, it's the variable cost related to utilities where I'm unfamiliar. Can a few members with climate-controlled facilities assist me with estimating? Phase 1 of our project will be an 8-10k sq. ft. building so I'm thinking a possible rule of thumb may be $100/month per 2k sq. ft so $400-500/month. Would that be a semi-accurate estimate or does anyone have a better method or insight? I'm in Alabama so typically a pretty light winter, mild spring and falls, and 90-100 degrees Jun-Aug. All help greatly appreciated!

  • #2
    Cant help ya but welcome

    Comment


    • #3
      Originally posted by AMR12880 View Post
      Good evening new friends,

      I've been reading many of your posts over the last few months but have now taken the plunge to join the community. I'm opening our first storage facility in Jan/Feb 2021 and trying to build out some pro formas to anticipate our balance sheet, margins, etc. for the year. While many of our costs will of course be fixed, it's the variable cost related to utilities where I'm unfamiliar. Can a few members with climate-controlled facilities assist me with estimating? Phase 1 of our project will be an 8-10k sq. ft. building so I'm thinking a possible rule of thumb may be $100/month per 2k sq. ft so $400-500/month. Would that be a semi-accurate estimate or does anyone have a better method or insight? I'm in Alabama so typically a pretty light winter, mild spring and falls, and 90-100 degrees Jun-Aug. All help greatly appreciated!
      Call your local electric company and ask them for their formula. Basically-sq ft, ceiling height=area x their price for commercial electrical. That will give you a ballpark.
      Even duct-tape can't fix stupid. But it can muffle the noises.

      WA State

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      • #4
        10,000 sq ft will probably cost about the same in utilities as a typical home. You'll probably pay more for credit card processing than you will for utilities.

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        • #5
          Adjust to your plans:

          a. We space our lights every seven units. If two rows face each other, we only put lights on one side. These lights spread pretty good.
          b. Add lights at the ends and gate areas, depending on not affecting neighbors.
          c. We use LED.
          d. Ask your electrician for the KWH per light for your average night time. This will significantly vary winter to summer.
          e. Will you have an office? HVAC wall unit for computer and Security equipment. Just go to a hardware store and read from the wall unit KWH and estimate hours.
          f. Get cost per KWH from your own bill. In Midwest we runs $.07/kwh; Alabama runs about $.12/kwh.
          g. Electric Company night light? Just ask them for the monthly charge. We have one for $50 per month, on top of our Storage unit lights.


          Welcome to the forum.

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          • #6
            Ours driveways are spaced 25 feet wide .
            li.JPG
            Attached Files

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            • #7
              Thanks for the input guys! I've been checking back reading but wanted to give any inputters the opportunity to post should they want. Thanks again!

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              • #8
                You note above Climate Controlled. Verify if temperature or humidity controlled. There was another post with a similar thread, from Houston.

                Would recommend if humidity you use a humidifier versus an HVAC unit. Will save a lot of electric, versus running an HVAC unit.
                1. Humidity or temperature
                2. Insulation
                3. $ per KWH, your ($.12 per Kwh) higher than most people, so you have to do a calc versus comparison. We are $.07 kwh in the midwest.
                4. Positive/Negative air pressure. Have a professional do a test. How much airflow are you losing from your building.
                5. When you built your Metal building, did you use Thermal spacers between the metal roof and the metal beams. Metal to metal transfers a lot of heat. The HVAC person can measure with a thermal gun.

                Get with an HVAC person. Tell him the building size and the answers to the above. He should be able to give you an answer and any remediation plans if needed.

                A location in Nebraska put in a solar system. Their electric bill is about $25 per month on about 40,000 sq ft during the summer. Believe they said payback is 8 years.


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                • #9
                  Where in Bama are you located?

                  Comment

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