A parking lot is a critical component of your business’ success in Jurupa Valley.
If you’re planning to build a new parking lot, working with a contractor can help you understand and break down the costs.
With costs between $5,000 and $500,000 – it’s important to know the factors that go into parking lot costs.
Doing your homework ahead of time helps you to know what to expect and to spot red flags along the way.
Factors That Affect the Cost of Parking Lot
The specific cost of paving your parking lot in Jurupa Valley will depend on the following factors.
Size
The bigger the size of the parking lot, the higher the cost. A small parking lot of 10 cars or less is usually 4,000 square feet and will cost about $30,000 (by rough estimate). A larger commercial parking lot will easily be 10x that cost for 200 or more vehicles.
Material
There are different types of paving materials that contribute to the cost. Smooth concrete paving is more expensive than asphalt. Gravel is the least expensive to install but also requires the most maintenance over time.
Labor
To get a good estimate of average labor costs in your area, it’s a good idea to get multiple quotes from different companies. This will ensure that you’re getting a fair price for labor in your state.
Location
The location of your building may affect shipping and freight fees. For example, if you’re opening a ski lodge in the mountains or a remote community outside of town, your location’s accessibility may impact your total cost.
Scope of Work
Chances are, the site is not ready as-is. Site preparation, removal of old surfaces, land clearing, or soil testing can also add to the cost of your project. A resurfacing project costs less than constructing a brand-new parking lot.
Drainage
If your parking lot doesn’t meet the grading requirements for your municipality or the drainage design is poor, that will have to be remedied. Any type of drainage issue will become an added cost.
Traffic
It’s important to consider the amount of traffic expected in the parking lot, including large vehicles, semi-trucks, dump trucks, and construction vehicles. This will determine the thickness of your concrete slab or sub-base for asphalt. The thicker the material, the higher the cost.
Permits
You may need to get permits for your parking lot before work can begin. If you are required to comply with state, national, and municipal codes, the purchase of approvals and permits will add to your overall cost.
Parking Lot Cost by Material
Most parking lots in Jurupa Valley, CA, are concrete or asphalt, but some companies prefer gravel or tar and chip lots. It is easy to see here how some materials are more budget-friendly than others.
- Asphalt – The total average cost of an asphalt parking lot is $2.50 to $4.50 per square foot for both labor and materials. With proper maintenance, most asphalt surfaces last between 15 and 25 years.
- Concrete – The total average cost of a concrete parking lot is between $4.00 and $7.00 per square foot for both labor and materials. Could last up to 30-40+ years with proper maintenance.
- Gravel – The total average cost of a gravel parking lot is from $1.25 and $2.00 per square foot for both labor and materials. Although it’s the cheapest option on the list, it is usually a temporary solution because it requires high maintenance and the replacement of gravel every few years.
- Tar & Chip – The total average cost of a tar & chip parking lot is from $1.00 and $3.00 per square foot for both labor and materials. On average, tar and chip parking lots have a reasonable life span of 7-10 years.
Parking Lot Cost Per Parking Spot
The number of parking spaces should be proportionate to the capacity size of your building. You may also be required to comply with ADA standards and accessible parking if you provide goods or services to the public in Jurupa Valley, CA.
| # of Spots | Square Footage | Price Range ($) |
|---|---|---|
| 6 | 2,000 | 5,000 - 14,000 |
| 10 | 4,000 | 10,000 - 28,000 |
| 30 | 10,000 | 25,000 - 70,000 |
| 100 | 35,000 | 87,000 - 245,000 |
| 200 | 70,000 | 174,000 - 490,000 |
| 300 | 100,000 | 200,000 - 700,000 |
Parking Lot Resurfacing Cost
Resurfacing is a common maintenance technique that extends the life of your parking lot. When you resurface your parking lot, you fix any existing damage and then add a new layer of concrete or asphalt on top of the preexisting layer.
This maintenance is only required about every 10 years, but the cost should be considered when you’re choosing parking lot materials.
- Asphalt – The total average cost to resurface an asphalt parking lot is from $0.90 to $2.50 per square foot for both labor and materials. The asphalt parking lot should be resurfaced every 15-20 years.
- Concrete – The total average cost to resurface a concrete parking lot is between $3.00 and $5.00 per square foot for both labor and materials. Resurfacing your concrete parking extends its life beyond the initial 30-40 years.
- Gravel – The average cost to resurface gravel is $0.25 to $0.75 per square foot. You will need to resurface it every 2-3 years.
- Tar & Chip – Resurfacing a tar and chip parking lot will run you $2-$5 per square foot and must be done every few years.
Parking Lot Striping Cost
Striping improves your curb appeal and increases safety in the parking lot. It also gives a good impression of your facility and may be required by law for businesses open to the public.
The total average cost of striping or repainting a parking lot with 30 to 50 spaces is from $300 – $425. More than 50 spaces start at around $500 and go up from there.
Parking Lot Sealcoating Cost
This is the most common preventive maintenance for an asphalt parking lot.
Typically, seal coating is just a few cents per square foot and you can get your entire parking lot done for under $1000. This preventative maintenance is well worth the minimal cost.
While you’ll likely get different opinions of how often seal coating is recommended, they will all fall within the 1-4 years range.
Maximize Your Investment
Sasha Aickin, former CTO at Redfin, shares some financial advice from his grandmother:
“When you buy something cheap and bad, the best you’re going to feel about it is when you buy it. When you buy something expensive and good, the worst you’re going to feel about it is when you buy it.”
Getting a new, quality parking lot may be expensive – but it’s a great investment for the future.
You’ll be proud of your building every morning when you pull in and your customers will be safe and comfortable.
Choosing the size, materials, and maintenance of your parking lot are all important considerations.
We can help you create instant curb appeal, serve your customers, and build your business to success.
To get a quote for your next parking lot project, give us a call today!
