Climate-Controlled Storage
For Sale
$122,900
D130-25 Panther Dr, Reno, NV 89506
Commercial condo designed for boat, RV, and vehicle storage within a gated community.
Property Size630 SF
Price / SF$195.08
Days on Market557
Property Features for D130-25 Panther Dr
General Information
Standard status
Active
Size
630 SF
Additional Details
Power
30 amps
Amenities
Sewer Dump
wash bay
common bathrooms
showers
trash
managed by a dedicated owners association
video and recording devices on site
Listing Agency:
LPT Realty, LLC
(925) 321-8042
Listed By:
Kerry Herdt · License #BS.0146281
(925) 321-8042
Source:
Exprealty
Added: Feb 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 10:34PM
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 self-storage commercial condo is designed for boats, RVs, vehicles, and other large storage needs. The Luxe unit measures 14X45 and includes ambient temperature control, 30 Amp service, LED lighting, insulated garage doors, and video and recording devices on site. The property is currently under construction, with each unit sold individually as a commercial condo.
Shared amenities include a sewer dump, wash bay, common bathrooms, showers, and trash service. The community is gated and managed by a dedicated owners association. The property is located at D130-25 Panther Dr in Reno, Nevada.
Shared amenities include a sewer dump, wash bay, common bathrooms, showers, and trash service. The community is gated and managed by a dedicated owners association. The property is located at D130-25 Panther Dr in Reno, Nevada.
Key Highlights
- 14X45 Luxe storage unit
- Ambient temperature control and 30 Amp service
- Gated community with video and recording devices on site
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
$6,608
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
5.38%
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%
$132,160
$132.2K
Cap Rate 7%
$94,400
$94.4K
Cap Rate 9%
$73,422
$73.4K
Market Conditions
NOI Build-Up for 630 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
$10.2K $16.20/SF
− Vacancy
−$765 −$1.22/SF
EGI
$9.4K $14.99/SF
− OpEx
−$2.8K −$4.50/SF
NOI
$6.6K $10.49/SF
Area
Reno, NV
Vacancy
7.50%
Lease Rate
$16.20 /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%
$132,160
Cap Rate 7%
$94,400
Cap Rate 9%
$73,422
Alternative Uses
Best Use
Self Storage
$94.4K
$82.6K – $110.1K
NOI $6,608 @ 7.0% cap · market cap 5.38%
Second Best
Warehouse
$62.0K
$54.2K – $72.3K
NOI $4,337 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$194.2K
$169.9K – $226.5K
NOI $13,591 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
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 - Commercial condo designed for boat, RV, and vehicle storage within a gated community.
Where is this self storage facility located?
The property is located at D130-25 Panther Dr Reno, NV.
What is the asking price?
The asking price for this property is $122,900.
What are key features of this property?
This property features: 14X45 Luxe storage unit; Ambient temperature control and 30 Amp service; Gated community with video and recording devices on site
