Gated Storage
For Sale
$115,000
11440 Digital Court #E90, Sparks, NV 89441
Individual commercial storage condo with overhead access, facility security, and shared wash and service amenities.
Property Size502 SF
Price / SF$228.17
Days on Market145
Property Features for 11440 Digital Court #E90
General Information
Standard status
Active
Size
502 SF
Property subtype
Commercial
Zoning
I
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
504 SF
Drive-In Doors
1
Self-Storage Units
1
Taxes and HOA fees
Annual Taxes
$540
Amenities
security cameras
gated complex
commercial wash bay
dump station
showers
Building Details
Building Size
502 SF
Year Built
2020
Buildings
5
Stories
1
Units
98
Listing Agency:
LPT Realty, LLC
(925) 321-8042
Listed By:
Kerry Herdt · License #BS.146281
(925) 321-8042
Source:
Fernleynvhomes
Added: Mar 20
Changed: Aug 5
Last Checked: Aug 10 at 11:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, LLC
Investment Insights
Based on property information with market context.
This individual commercial storage condo measures 14 x 36 and was built in 2020. The unit includes an automatic overhead garage door with opener, providing enclosed storage within a larger commercial facility. The property is zoned I and is suited to boat, RV, vehicle, and general storage uses as described in the property information.
The complex is fully gated and equipped with facility-wide security cameras. Shared improvements include a commercial wash bay, dump station, and showers. A commercial management association maintains the complex. The property is located at 11440 Digital Court #E90 in Sparks, Nevada, directly off Highway 445 and Ingenuity Ave.
The complex is fully gated and equipped with facility-wide security cameras. Shared improvements include a commercial wash bay, dump station, and showers. A commercial management association maintains the complex. The property is located at 11440 Digital Court #E90 in Sparks, Nevada, directly off Highway 445 and Ingenuity Ave.
Key Highlights
- 14 x 36 individual commercial storage condo
- Built in 2020 with automatic overhead garage door and opener
- Fully gated complex with facility security cameras
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$103,460
$103.5K
Cap Rate 7%
$73,900
$73.9K
Cap Rate 9%
$57,478
$57.5K
Market Conditions
NOI Build-Up for 504 SF
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.
Gross rent
$7.9K $15.60/SF
− Vacancy
−$472 −$0.94/SF
EGI
$7.4K $14.66/SF
− OpEx
−$2.2K −$4.40/SF
NOI
$5.2K $10.26/SF
Area
Sparks, NV
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$103,460
Cap Rate 7%
$73,900
Cap Rate 9%
$57,478
Alternative Uses
Best Use
Self Storage
$73.9K
$64.7K – $86.2K
NOI $5,173 @ 7.0% cap · market cap 4.50%
Second Best
Warehouse
$56.6K
$49.5K – $66.1K
NOI $3,963 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$178.4K
$156.1K – $208.1K
NOI $12,488 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 89441, NV
13,887
Population
5,314
Households
2.6
Avg Household Size
44
Median Age
32%
College-Educated
96%
High-School Grad
49.7 sq mi
ZIP Area
279
Density / Sq Mi
$123,625
Median Household Income
$62,025
Median Earnings
$2,078
Median Rent
$624,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Individual commercial storage condo with overhead access, facility security, and shared wash and service amenities.
Where is this self storage facility located?
The property is located at 11440 Digital Court #E90 Sparks, NV.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 14 x 36 individual commercial storage condo; Built in 2020 with automatic overhead garage door and opener; Fully gated complex with facility security cameras
