Fitness Center Capex Payback Calculator

Fitness centers are amenity. This calculator sizes payback.

Buildout capex

Equipment capex

Annual maintenance

Annual rent premium

Useful life years

Payback years

2.31

Annual net

$117,000

Total capex

$270,000

How the math works

Total capex = buildout + equipment. Net = premium − maintenance. Payback = capex / net.

$270k capex ÷ $117k/yr net = 2.3 years. Strong. Equipment refresh cycle at year 7-10 adds $100-150k. Full lifecycle still accretive. Amenity that usually pays back in stabilized multifamily.

How to Use

Enter buildout capex.
Enter equipment capex.
Enter annual maintenance.
Enter rent premium annual.
Enter useful life years.
Read payback.

Frequently Asked Questions

Typical costs?

Small gym (500 SF): $40-80k buildout + $30-60k equipment. Medium (1,500 SF): $100-200k + $80-150k. Large (3,000+ SF): $250k-500k + $150-300k. Equipment refresh every 7-10 years. Add $15-30k/yr maintenance.

Rent premium?

Class A/B+ multifamily with gym: $30-75/month premium vs without. 200 units × $50 = $120k/yr. Class A luxury: $75-150/month premium for superior gym. Niche: climbing wall, yoga, spin — premium scales with specificity.

Usage drivers?

24/7 access (keycard). Modern equipment. Sanitation. Group classes (requires space + staff). Towel service. Adjacent amenity stacking (pool, spa). Each lifts perceived value, retention, and premium.

How often should I rerun this?

Rerun this calculator whenever inputs change materially — new rent roll data, rate moves, loan balance updates, or quarterly operating data. For active deals, monthly refresh is typical. For stabilized assets under monitoring, quarterly is fine. Treat the output as a decision tool, not a one-time answer — market conditions evolve and so should your analysis.