Lakesite, TN self-storage market

Population 2,168. Fails the self-storage screen with -17 / 100; each line below shows where the points came from.

Town score, higher = better market to buy in
-17 / 100Fail

Fails the screen

0Population 2,168: in the 2,000 to 20,000 scope
+25Income $96k: $70k+, best
+8Population +6.9% since 2015-2019: growing 2% to 10%, good
0Renters 15.8%: under 20%, low
-1032 storage facilities within 10 mi (14 chain): 11+, penalty
-1014 chain or REIT facilities within 10 mi
-30Supply 22.3 sq ft per person (949,391 sq ft / market population 42,482, 78% of facilities sized): 17.5+ sq ft, hard fail
-17Total, out of 100
Storage sq ft per person, 10 miles
22.3
Estimated building sq ft of every facility within 10 miles, divided by everyone living within 10 miles. Under 7 is undersupplied; over 10 is crowded. 78% of nearby facilities have a size estimate.
0under 7: undersuppliedUS average 7.9over 10: crowded18+
Population
2,168
Residents of the Census place, ACS 5-year 2020 to 2024. 42,482 people live in Census places within 10 miles, the market this town is judged on.
Median household income
$96,250
Under $45k fails the screen. $70k and up scores best.
Population change since 2015 to 2019
+6.9%
Growth of 10% or more scores best. Shrinking towns lose points.
Renter households
15.8%
Renters move more and rent storage more. 40% and up scores best.
Storage facilities within 10 miles
32
0 to 3 scores best. 11 or more costs points, and chains or REITs cost more. 14 of them are chains or REITs.
Facilities whose nearest town is Lakesite
3
2 independent. Each facility is linked to the nearest scored town within 10 miles.

Facilities near Lakesite

FacilityNearest townTypeReviews on MapsEst. units Members onlyWebsite Members onlyPhone Members onlyLead scorehigher = better lead Members only
Dallas Bay StorageLakesite, TNIndependent16MembersMembersMembersMembers
Go Store ItLakesite, TNIndependent177MembersMembersMembersMembers
Storage Rentals of AmericaLakesite, TNChain or REIT62MembersMembersMembersMembers

Lead score runs 0 to 100, higher = better lead. Lead Weak Fail

Showing 3 of 3 facilities, sorted by name. Members see all of them with every field, sorted by lead score, highest first.

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Nearby towns

TownDistanceTown scorehigher = better market to buy in
Middle Valley TN3 mi20 / 100Pass
Soddy-Daisy TN4 mi-5 / 100Fail
Harrison TN5 mi28 / 100Pass
Falling Water TN7 mi35 / 100Pass
Fairmount TN11 mi5 / 100Fail
Red Bank TN11 mi28 / 100Pass

Town score runs 0 to 100, higher = better market to buy in. Pass Fail Check

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