Luxury Storage Condo
For Sale
$280,000
4751 Ustick Rd, Nampa, ID 83687
1,350 SF storage condo, 100% leased, immediate income.
Property Size1,350 SF
Price / SF$207.41
Days on Market210
Property Features for 4751 Ustick Rd
General Information
Standard status
Active
Size
1,350 SF
Building Details
Year Built
2025
Listing Agency:
TOK Commercial
Listed By:
Mike Ballantyne · License #DB18541
(208) 947-0869
Source:
Truenorthrealestategroupllc
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 7 at 2:43PM
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 TOK Commercial
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Investment Insights
Based on property information with market context.
The property is a 1,350 square foot storage condominium, located at the intersection of Ustick and Star Roads in Meridian, Idaho. Completed in 2025, the unit is currently 100% leased with a newly established tenant, offering immediate income. The property is intended for business inventory storage, recreational vehicles, boats, and collector cars. The facility features 18-foot ceiling heights and 14-foot by 16-foot roll-up doors with automatic openers. It also includes insulated metal walls, fiber-reinforced concrete floors, and climate control via minisplit HVAC systems. The units provide 100 amps of electrical service. The property is located within a fully fenced, secure facility with coded entry and security cameras. Owners and tenants have access to a clubhouse equipped with Wi-Fi, a full kitchen, TV, restrooms, and shower facilities. The property benefits from regional accessibility and is minutes from the future Highway 16 extension, which will connect I-84 through the Treasure Valley, enhancing long-term accessibility and growth potential.
Key Highlights
- Immediate income with a 6.84% cap rate from a 100% leased unit.
- Brand‑new, luxury storage condo completed in 2025 with high‑quality construction.
- Prime location in the rapidly growing Meridian/Star corridor with exceptional regional accessibility, minutes from the future Highway 16 extension.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,792
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,840
$255.8K
Cap Rate 7%
$182,743
$182.7K
Cap Rate 9%
$142,133
$142.1K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$19.4K $14.40/SF
− Vacancy
−$1.2K −$0.86/SF
EGI
$18.3K $13.54/SF
− OpEx
−$5.5K −$4.06/SF
NOI
$12.8K $9.48/SF
Area
Nampa, ID
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,840
Cap Rate 7%
$182,743
Cap Rate 9%
$142,133
Alternative Uses
Best Use
Self Storage
$182.7K
$159.9K – $213.2K
NOI $12,792 @ 7.0% cap · market cap 4.57%
Second Best
Industrial
$165.7K
$145.0K – $193.4K
NOI $11,601 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$341.5K
$298.8K – $398.4K
NOI $23,905 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 83687, ID
37,254
Population
14,484
Households
2.6
Avg Household Size
33
Median Age
27%
College-Educated
91%
High-School Grad
49.4 sq mi
ZIP Area
754
Density / Sq Mi
$72,294
Median Household Income
$40,328
Median Earnings
$1,416
Median Rent
$369,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - 1,350 SF storage condo, 100% leased, immediate income.
Where is this self storage facility located?
The property is located at 4751 Ustick Rd Nampa, ID.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Immediate income with a 6.84% cap rate from a 100% leased unit.; Brand‑new, luxury storage condo completed in 2025 with high‑quality construction.; Prime location in the rapidly growing Meridian/Star corridor with exceptional regional accessibility, minutes from the future Highway 16 extension.
