Luxury Storage Condo
For Sale
Contact for pricing
4751 Ustick Rd Unit A110, Nampa, ID 83686
1,350 SF storage condo, 100% leased, immediate income.
Property Size1,350 SF
Price / SF$207.41
Days on Market161
Property Features for 4751 Ustick Rd Unit A110
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Industrial
Occupancy
100%
Building Details
Year Built
2025
Listing Agency:
TOK Commercial
(208) 378-4600
Listed By:
Lenny Nelson · License #ID SP38627
Source:
Crexi
Added: Mar 18
Changed: Aug 14
Last Checked: Aug 24 at 6:59PM
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
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 = 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
$12,792
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
4.57%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 83686, ID
55,343
Population
20,283
Households
2.7
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
87.7 sq mi
ZIP Area
631
Density / Sq Mi
$83,666
Median Household Income
$40,310
Median Earnings
$1,310
Median Rent
$381,800
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 - 1,350 SF storage condo, 100% leased, immediate income.
Where is this self storage facility located?
The property is located at 4751 Ustick Rd Unit A110 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.
