Tower Lease Revenue Calculator

Annual tower lease income from carrier count and terms.

Carrier tenants

Lease per carrier ($/mo)

Annual escalation (%)

Ground lease to landlord ($/mo)

Operating expenses ($/mo)

Lease term (years)

Tab to move between fields

Annual NOI ($)

$30,000.00

≈ 15 gaming PCs

Annual gross revenue ($)$48,000.00

Monthly NOI ($)$2,500.00

Total lease term revenue ($)$1,750,045.00

Total lease term NOI ($)$1,173,499.00

Year 5 annual revenue ($)$54,024.00

Year 10 annual revenue ($)$62,629.00

Tower valuation ($)$510,000.00

Value per additional tenant ($)$408,000.00

Revenue per tenant/yr ($)$24,000.00

How to Use This Calculator

Enter the current monthly rent per tenant and the number of tenants on the tower.
Set the annual rent escalator percentage.
Input the remaining lease term in years.
Review the Annual Revenue, Total Lease Revenue over the term, and Present Value of the income stream.
Use the Capitalized Value output to evaluate a tower sale or monetization at standard cap rates.

How the result changes with Lease per carrier ($/mo)

Carrier tenants: Number of wireless carriers leasing space on the tower. Typical: 1-4.
Lease per carrier ($/mo): Monthly lease rate per carrier tenant. Range: $1,500-$3,500 for towers, $500-$2,500 for rooftops.
Annual escalation (%): Annual lease rate increase percentage. Industry standard: 2-4%.
Ground lease to landlord ($/mo): Monthly ground lease payment to the land/building owner. $0 if you own the land.
Operating expenses ($/mo): Monthly OpEx: power, maintenance, insurance, property tax, backhaul.
Lease term (years): Total lease term including renewal options. Typical: 20-30 years.

Annual NOI ($): Annual Net Operating Income (gross revenue minus all expenses).
Annual gross revenue ($): Total annual lease revenue from all carrier tenants.
Monthly NOI ($): Monthly net operating income.
Total lease term revenue ($): Cumulative gross revenue over the full lease term with escalations.
Total lease term NOI ($): Cumulative net operating income over the full lease term.
Year 5 annual revenue ($): Projected annual revenue in year 5 with escalation.
Year 10 annual revenue ($): Projected annual revenue in year 10 with escalation.
Tower valuation ($): Estimated tower value using 17x NOI multiple (industry standard: 15-20x).
Value per additional tenant ($): How much tower value increases by adding one more carrier tenant.
Revenue per tenant/yr ($): Annual revenue contribution per carrier tenant.

Identify Input Parameters
4 parameters
Carrier tenants = 2, Lease per carrier ($/mo) = 2000, Annual escalation (%) = 3, Ground lease to landlord ($/mo) = 1000 = 6 input(s) provided
Calculate Annual NOI
Annual NOI = monthlyNOI * 12
30000 = $30,000
Calculate Annual gross revenue
Annual gross revenue = monthlyGrossRevenue * 12
48000 = $48,000
Calculate Monthly NOI
Monthly NOI = monthlyGrossRevenue - monthlyExpenses
2500 = $2,500