Storage Condo For Sale,
25 Panther Drive lot E174 Reno, NV 89506
For Sale
$183,900
COMMERCIAL - Reno, NV
Property Size750 SF
Lot Size0.01 Acres
Price / SF$245.20
Days on Market521
Property Features for 25 Panther Drive lot E174
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MS
- Security features
- Security Lighting
- Fencing
- Fenced
- Standard status
- Active
- APN
- 570-294-32
- Size
- 750 SF
- Lot size
- 0.01 Acres
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 168
- Building materials
- Metal Siding, Steel Frame
- Roof type
- Metal
Listing Agency:
LPT Realty, LLC
(775) 544-1328
Listed By:
Kerry Herdt · License #BS.146281
(925) 321-8042
Added: Feb 19, 2025
Changed: Apr 23
Last Checked: Jul 25 at 9:06PM
MLS# 250002427
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial condo in Reno, NV, offers a 15' x 50' storage space within a secure, gated community. Designed for boats, RVs, vehicles, and other storage needs, this unit is ideal for personal use or investment. The property is sold individually as a commercial condo, presenting a valuable asset and rental opportunity. Features include a sewer dump, wash bay, common bathrooms, showers, and trash disposal, managed by an owners association. Standard units include 110v electrical, LED lighting, and insulated garage doors. The LUXE units also feature ambient temperature control and 30 Amp service. Photos are a representation of similar units. Property taxes and CAM fees are to be determined. The property is currently under construction and has video and recording devices on site. The lot size is approximately 0.01 acres, and the property size is 750 square feet.
Key Highlights
- Own, don't rent: Purchase a high‑end storage condo instead of renting storage space.
- Secure Gated Community: Provides top‑tier security and ease of access.
- Versatile Storage: Designed for boats, RVs, vehicles, and more.
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.2k | $16.20 |
| − Vacancy | −$911 | −$1.22 |
| EGI | $11.2k | $14.99 |
| − OpEx | −$3.4k | −$4.50 |
| NOI | $7.9k | $10.49 |
750 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$112.4K
$98.3K – $131.1K
NOI $7,867 @ 7.0% cap · market cap 4.28%
Second Best
Industrial
$60.7K
$53.2K – $70.9K
NOI $4,252 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$231.1K
$202.3K – $269.7K
NOI $16,180 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Commercial condo perfect for personal use or savvy investors.
Where is this self storage facility located?
The property is located at 25 Panther Drive lot E174 Reno, NV.
What is the asking price?
The asking price for this property is $183,900.
What are key features of this property?
This property features: Own, don't rent: Purchase a high‑end storage condo instead of renting storage space.; Secure Gated Community: Provides top‑tier security and ease of access.; Versatile Storage: Designed for boats, RVs, vehicles, and more.
