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Parking Fee Revenue Calculator
Charging for parking generates significant ancillary revenue in urban multifamily.
Annual net revenue
$318,000
Monthly gross
$27,000
Occupied spaces
170
How the math works
Monthly gross = occupied × fee + visitor. Net annual = (gross − maint) × 12.
170 × $150 + $1,500 − $500 = $26,500/mo × 12 = $318k/yr net.
How to Use
- Enter parking spaces.
- Enter occupied %.
- Enter monthly parking fee.
- Enter visitor/extra parking revenue monthly.
- Enter maintenance cost monthly.
- Read annual revenue.
Frequently Asked Questions
Parking fee economics?
Urban multifamily: $75-350/space/month typical. Luxury high-rise CBD: $200-600/space. Suburban garden-style: $0-50/space (often included in rent). Tandem spaces (second space behind): 40-60% discount. Covered vs open: covered commands 15-30% premium. EV charging stalls: $50-100 premium. Pricing: market-rate + competitive positioning.
Included vs paid?
Class A urban: typically paid. Class A suburban: 1 included + additional paid. Class B: 1 included typically. Class C: all included. Parking capture rate: 60-95% depending on market (some tenants bike/walk/transit). Underutilized parking: convert to storage, bike, EV, rent to non-residents (commercial/hourly).
Visitor parking?
Visitor parking: 0-10 spaces per 100 units typical. Validated ($5-15 per day) or paid ($15-40 per day). App-based (Parkmobile, SpotHero) enables real-time payment. Revenue: $500-3k/month per building typical. Some buildings: free for hours 1-2, paid after. Resident convenience + ancillary revenue combo.
Monthly vs reserved?
Unassigned monthly: fills all spaces, rotates. $75-150/space/mo typical. Assigned/reserved: specific space dedicated to tenant. $100-250/space/mo (premium). Numbered/named spaces: highest premium. Some tenants pay for multiple reserved (car + second vehicle). Reserved commands 20-40% above unassigned.
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