Parking Facility Economics: Occupancy by Hour, Turnover, Rate Structures with Daily Caps, Permit Oversell & NOI

What you'll build

What you will be able to do

Each lab ends with a concrete result that you build yourself and the checker confirms, cell by cell.

• Split a fictional five-level garage into permit, EV, accessible, out-of-service and transient stalls, measure the transient share and test every level against a fictional accessible-stall rule.
• Turn a day's entry and exit times into the number of cars present at six snapshot times, convert them into occupancy and find the peak – the figure that decides whether a car park is really full.
• Measure a week of transient parking: the pooled average stay, how many cars use each stall per day, how much of the available space-hours is used, and how long early arrivals stay compared with the rest.
• Bill twelve tickets from a rate card: hours rounded up, first hour plus extra hours, a daily maximum with MIN, early-bird and evening flats with IFS, and the average charge per ticket.
• Measure how many permit holders are really present at the peak, work out how many permits the reserved stalls can carry with a safety buffer, the oversell ratio, and on how many days a bigger permit sale would overflow.
• Turn daily ticket revenue, permit sales and a fictional EV charging add-on into annual revenue by stall type, revenue per stall per year and per day, and the revenue of an average stall in the garage.
• Build the garage's operating statement: staff and maintenance from their drivers, payment fees on card revenue, a management fee on revenue, total operating costs, net operating income and the NOI margin.
• Value the garage with a fictional cap rate, model five rate and volume scenarios on transient revenue, convert each into value and value per stall, and chart the values side by side.