Self Storage Facility with 3
For Sale
Contact for pricing
810 W Main St, Fernley, NV 89408
Self storage facility with 3 buildings and 81 units on 1.9 acres, fully leased with minimal hands-on management.
Property Size16,150 SF
Lot Size1.90 Acres
Price / SF$108.36
Days on Market90
Property Features for 810 W Main St
General Information
Standard status
Active
Size
16,150 SF
Lot size
1.90 Acres
Property subtype
INDUSTRIAL
Zoning
C-2
Occupancy
100%
Additional Details
Cap Rate
7.07%
Amenities
wireless camera
digital gate locks
storage software
Building Details
Year Built
1980
Listing Agency:
Nevada Commercial Group
(775) 443-7576
Listed By:
Samuel Douglass · License ##B.143639.LLC
(775) 443-7576
Source:
Moodyscre
Added: May 15
Changed: Jul 26
Last Checked: Jul 26 at 8:14PM
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 Nevada Commercial Group
Investment Insights
Based on property information with market context.
This self storage facility includes three separate buildings and a total of 81 storage units on 1.9 acres. The property was constructed between 1976 and 1980 and is described as fully leased with a stable rental history.
Operational features include wireless camera coverage, digital gate locks, and on-site storage software, which are intended to support minimal hands-on management of the units. The property is zoned C-2 and is located on Main Street in West Fernley, Nevada, between Hwy 95A and Interstate 80, approximately 15 minutes west of USA Parkway and about 30 minutes east of Reno/Sparks.
The offering is for a multi-building storage asset designed for managed, access-controlled unit operations within the C-2 zoning district.
Operational features include wireless camera coverage, digital gate locks, and on-site storage software, which are intended to support minimal hands-on management of the units. The property is zoned C-2 and is located on Main Street in West Fernley, Nevada, between Hwy 95A and Interstate 80, approximately 15 minutes west of USA Parkway and about 30 minutes east of Reno/Sparks.
The offering is for a multi-building storage asset designed for managed, access-controlled unit operations within the C-2 zoning district.
Key Highlights
- 3 buildings with 81 storage units on 1.9 acres
- Fully leased with stable rental history
- Minimal hands‑on management: wireless camera, digital gate locks, and storage software
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
$137,288
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
7.85%
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%
$2,745,760
$2.7M
Cap Rate 7%
$1,961,257
$2.0M
Cap Rate 9%
$1,525,422
$1.5M
Market Conditions
NOI Build-Up for 16,150 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
$213.2K $13.20/SF
− Vacancy
−$17.1K −$1.06/SF
EGI
$196.1K $12.14/SF
− OpEx
−$58.8K −$3.64/SF
NOI
$137.3K $8.50/SF
Area
Lyon County, NV
Vacancy
8.00%
Lease Rate
$13.20 /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%
$2,745,760
Cap Rate 7%
$1,961,257
Cap Rate 9%
$1,525,422
Alternative Uses
Best Use
Self Storage
$1.96M
$1.72M – $2.29M
NOI $137,288 @ 7.0% cap · market cap 7.85%
Second Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,287 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$4.98M
$4.36M – $5.81M
NOI $348,406 @ 7.0% cap · market cap 19.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 89408, NV
23,201
Population
9,039
Households
2.6
Avg Household Size
37
Median Age
16%
College-Educated
91%
High-School Grad
464.1 sq mi
ZIP Area
50
Density / Sq Mi
$87,723
Median Household Income
$46,808
Median Earnings
$1,504
Median Rent
$352,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Self storage facility with 3 buildings and 81 units on 1.9 acres, fully leased with minimal hands-on management.
Where is this self storage facility located?
The property is located at 810 W Main St Fernley, NV.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3 buildings with 81 storage units on 1.9 acres; Fully leased with stable rental history; Minimal hands‑on management: wireless camera, digital gate locks, and storage software
