@Kevin Somers *takes deep breath* The formula itself doesn’t copy/paste well. Short, reliable way to size supportable boat/RV spaces Step 1) Define capture area Use a 20–30 minute drive-time area from the lake access points and your site. Step 2) Count the competitive supply and vacancy Within that drive-time area, for every competing facility/yard/marina that offers offsite boat/RV storage, estimate: - Total spaces (S_total) by type (uncovered/covered/enclosed) - Spaces available now (S_vacant_now) Compute occupied spaces today: - S_occupied = S_total − S_vacant_now Step 3) Choose a conservative “capture share” Pick the share of those occupied customers you can realistically win: - 5–8% = commodity offering / weaker location - 8–15% = strong location + good security/access - 15–25% = best-in-submarket (paved, wide aisles, power, covered options) and closest convenient site Call it C. Step 4) Add unmet demand if it’s visible If you can verify waitlists or frequent “sold out” conditions, estimate: - S_unmet = net waitlist / overflow you can absorb (otherwise set to 0) Step 5) Convert to supportable stabilized spaces Underwrite to a stabilized occupancy target (to avoid building to 100%): - Use O_target = 85–90% Then: (S_occupied x C) +S_unmet / O_target Quick example - Competitive supply: 800 spaces - Vacant now: 80 → S_occupied = 720 - Conservative capture: C = 10% → 72 spaces - Verified unmet demand: S_unmet = 15 - Stabilized occupancy: O_target = 0.88 Supportable = (72 + 15) / 0.88 = 98.9 → ~99 spaces Built-in risk control Size Phase 1 to the number above, and only add more spaces after you consistently reach 85–90% occupancy at or above your underwritten rent.

@Elaina Tapscott Completely untested! I was hoping more experienced operators might chime in before I trusted AI too much and went down a rabbit hole. What I've found, generally, is that ChatGPT can often create some very elaborate/complicated solutions that only work on paper, so I'm a bit skeptical ahead of some real-world experience.

Hi Jeff, great to see a father/son team and the learning-by-doing! I'm in Texas as well, DFW, where are you located?