Storage Condo with Ambient Temperature
For Sale
$183,900
25 Panther Drive #E174, Reno, NV 89506
Luxe storage condo includes ambient temperature control and 30-amp service in a secure gated community under construction.
Property Size750 SF
Days on Market531
Property Features for 25 Panther Drive #E174
General Information
Standard status
Active
Size
750 SF
Property subtype
Commercial
Amenities
sewer dump
wash bay
common bathrooms
showers
trash service
video and recording devices
gated community
Building Details
Building Size
750 SF
Year Built
2024
Listing Agency:
LPT Realty, LLC
(925) 321-8042
Listed By:
Kerry Herdt · License #BS.146281
(925) 321-8042
Source:
Fernleynvhomes
Added: Feb 19, 2025
Changed: Jul 27
Last Checked: Aug 4 at 1:00PM
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 property is a storage condo offered for sale, with individual units sold as commercial condominiums within a secure gated community. The development is currently under construction. The luxe unit configuration is planned to include ambient temperature control and 30-amp service, and standard units are expected to feature 110V electrical, LED lighting, and insulated garage doors (with no ambient temperature control). Each unit is part of a dedicated owners association.
On-site amenities are planned to include a sewer dump, wash bay, common bathrooms and showers, and trash service. Property taxes and CAM fees are listed as TBD. The site has video and recording devices.
Address is 25 Panther Drive #E174, Reno, NV 89506. Because units are sold individually as storage condo interests, buyers can consider the property as both personal-use storage and a rental opportunity, subject to their own requirements and financing.
On-site amenities are planned to include a sewer dump, wash bay, common bathrooms and showers, and trash service. Property taxes and CAM fees are listed as TBD. The site has video and recording devices.
Address is 25 Panther Drive #E174, Reno, NV 89506. Because units are sold individually as storage condo interests, buyers can consider the property as both personal-use storage and a rental opportunity, subject to their own requirements and financing.
Key Highlights
- Year built 2024; currently under construction
- Luxe unit offers a 15' x 50' storage space
- Secure gated community with on‑site video and recording devices
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
Warehouse
$73.8K
$64.5K – $86.1K
NOI $5,163 @ 7.0% cap · market cap 2.81%
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 89506, NV
43,321
Population
17,015
Households
2.5
Avg Household Size
35
Median Age
20%
College-Educated
86%
High-School Grad
91.1 sq mi
ZIP Area
476
Density / Sq Mi
$86,557
Median Household Income
$42,481
Median Earnings
$1,733
Median Rent
$377,500
Median Home Value
Market
Vacancy Rate% for Industrial in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Luxe storage condo includes ambient temperature control and 30-amp service in a secure gated community under construction.
Where is this self storage facility located?
The property is located at 25 Panther Drive #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: Year built 2024; currently under construction; Luxe unit offers a 15' x 50' storage space; Secure gated community with on‑site video and recording devices
