How does one value a car-park? Is it just via the standard mix ofand ? If so, what are the key metrics that drive value, and what are some of the multiples used?
I'm assuming drivers of value would be: size of carpark, price per spot, occupancy rates, proximity to CBD/airport/convention centre/shopping centre etc. And if you're a car-park operator, what are your main costs? Labour for the security and attendants and valet, maybe repairs to the structure?
Do operators generally lease the car-park or own it?
Any help would be great.