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Bike Storage Income Calculator
Secure bike storage is an urban multifamily amenity with rental revenue potential.
Annual net revenue
$10,187
Monthly gross
$960
Effective $/space
$169.78
How the math works
Gross = spaces × occ × rate. Net = gross × 12 − capex / life.
60 × 80% × $20 = $960/mo × 12 = $11,520 − $1,333 = $10,187 net = $170/space/yr.
How to Use
- Enter bike storage spaces.
- Enter monthly rate per space.
- Enter occupancy %.
- Enter capex.
- Enter useful life years.
- Read annual net revenue.
Frequently Asked Questions
Bike storage demand?
Urban multifamily in bike-friendly cities (Portland, Minneapolis, DC, NYC, SF, Austin, Boulder): 20-50% of tenants own bikes. Electric bike market growing 20-30% annually. Tenants want secure bike storage (not chained in hallway or lost in apartment corner). Willingness to pay: $10-40/month for secure indoor bike room access. 100-unit bike-friendly building: 30-60 bikes.
Storage types?
Communal bike room: large room with racks, $10-25/month access. Dedicated bike cage (individual locked cage): $30-60/month. Hanging/stacked rack: more capacity, $15-30/month. E-bike charging stations: premium $40-75/month (power requirement). Outdoor covered racks: free or $5-10/month (less secure).
Buildout cost?
Communal room (1,000 sqft converted): $15-40k (secure door, access control, racks, lighting, cameras). Dedicated cages: $500-2,000 per cage. E-bike charging (electrical + locked station): $1,500-4,000 per charging station. Hanging rack system (Saris, Ground Control): $100-400 per bike capacity. Affordable amenity, high tenant satisfaction.
Building requirement?
New construction urban multifamily: bike storage often required by code (Portland, Minneapolis, Seattle, Denver, Boulder, NYC, LA, SF). Ratio: 0.5-1 bike space per unit typical. Retrofit older buildings: common since 2018. Cost-effective amenity for Class A/B urban — major tenant draw, modest capex, positive revenue. Ancillary revenue: $5-25k/year typical on 200-400 unit urban building.
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