Storage Condo
For Sale
$140,000
11440 Digital Unit # A5, Sparks, NV 89441
Secure, gated storage condo with an automatic overhead garage door and opener plus unit-level access.
Property Size583 SF
Price / SF$240.14
Days on Market275
Property Features for 11440 Digital Unit # A5
General Information
Standard status
Active
Size
583 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Amenities
security cameras
fully gated and secure complex
commercial wash bay
dump station
showers
Building Details
Year Built
2020
Listing Agency:
LPT Realty,LLC
Listed By:
Kerry Herdt
(775) 688-4000
Source:
Ferrari-lund
Added: Dec 1, 2025
Changed: Aug 31
Last Checked: Aug 31 at 8:39PM
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 for-sale storage condo unit is located within a secure, fully gated complex designed for vehicle, boat, RV, and general storage. The unit includes an automatic overhead garage door and opener, with the facility supported by security cameras and a commercial management association for ongoing complex maintenance.
The property also features shared amenities including a commercial wash bay, a dump station, and showers. It is situated directly off Highway 445 and Ingenuity Ave for straightforward access to the surrounding area.
The offering is for a single individual storage unit within the “Big Box Storage Condos” complex, providing a commercial storage condo configuration rather than a traditional warehouse leasehold setup.
The property also features shared amenities including a commercial wash bay, a dump station, and showers. It is situated directly off Highway 445 and Ingenuity Ave for straightforward access to the surrounding area.
The offering is for a single individual storage unit within the “Big Box Storage Condos” complex, providing a commercial storage condo configuration rather than a traditional warehouse leasehold setup.
Key Highlights
- Big Box Storage Condos built in 2020
- Individual commercial storage condo unit size: 14.5 x 40 with unit‑level access
- Automatic overhead garage door and opener included
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
$5,984
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
4.27%
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%
$119,680
$119.7K
Cap Rate 7%
$85,486
$85.5K
Cap Rate 9%
$66,489
$66.5K
Market Conditions
NOI Build-Up for 583 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
$9.1K $15.60/SF
− Vacancy
−$546 −$0.94/SF
EGI
$8.5K $14.66/SF
− OpEx
−$2.6K −$4.40/SF
NOI
$6.0K $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%
$119,680
Cap Rate 7%
$85,486
Cap Rate 9%
$66,489
Alternative Uses
Best Use
Self Storage
$85.5K
$74.8K – $99.7K
NOI $5,984 @ 7.0% cap · market cap 4.27%
Second Best
Warehouse
$65.5K
$57.3K – $76.4K
NOI $4,585 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$206.4K
$180.6K – $240.8K
NOI $14,446 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway 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 - Secure, gated storage condo with an automatic overhead garage door and opener plus unit-level access.
Where is this self storage facility located?
The property is located at 11440 Digital Unit # A5 Sparks, NV.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Big Box Storage Condos built in 2020; Individual commercial storage condo unit size: 14.5 x 40 with unit‑level access; Automatic overhead garage door and opener included
