Secure Storage Condo
For Sale
$130,000
D58-11440 Digital Ct, Sparks, NV
Gated storage condo with automatic overhead doors, security cameras, and onsite wash bay and dump station.
Property Size580 SF
Price / SF$224.14
Days on Market167
Property Features for D58-11440 Digital Ct
General Information
Standard status
Active
Size
580 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$619
Listing Agency:
lpt realty, llc
(877) 366-2213
Listed By:
Kerry Herdt · License #BS.146281
(925) 321-8042
Source:
Exprealty
Added: Mar 26
Changed: Sep 3
Last Checked: Sep 8 at 7:35AM
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 for-sale storage condo unit is offered within a secure, gated complex designed for vehicle, boat, RV, and general storage. The unit includes an automatic overhead garage door with opener, and the facility is monitored with security cameras. Common amenities include a commercial wash bay, dump station, and showers, supported by a commercial management association to maintain the complex.
The property is located directly off Highway 445 and Ingenuity Ave, providing straightforward access for storage use. Buyers should also note the transaction includes a fee of 1–1.5% of the sales price to the Capital Reserves/Admin for the CAM. The available unit measures 14.5 by 40.
Overall, the asset is positioned as an individually owned storage condo within a controlled-access facility.
The property is located directly off Highway 445 and Ingenuity Ave, providing straightforward access for storage use. Buyers should also note the transaction includes a fee of 1–1.5% of the sales price to the Capital Reserves/Admin for the CAM. The available unit measures 14.5 by 40.
Overall, the asset is positioned as an individually owned storage condo within a controlled-access facility.
Key Highlights
- Big Box Storage Condos storage unit size: 14.5 ft x 40 ft (individual commercial storage condo).
- Secure, fully gated complex with security cameras on‑site.
- Automatic overhead garage doors with openers for the unit.
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
$5,954
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
4.58%
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%
$119,080
$119.1K
Cap Rate 7%
$85,057
$85.1K
Cap Rate 9%
$66,156
$66.2K
Market Conditions
NOI Build-Up for 580 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
$9.0K $15.60/SF
− Vacancy
−$543 −$0.94/SF
EGI
$8.5K $14.66/SF
− OpEx
−$2.6K −$4.40/SF
NOI
$6.0K $10.26/SF
Area
Sparks, NV
Vacancy
6.00%
Lease Rate
$15.60 /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%
$119,080
Cap Rate 7%
$85,057
Cap Rate 9%
$66,156
Alternative Uses
Best Use
Self Storage
$85.1K
$74.4K – $99.2K
NOI $5,954 @ 7.0% cap · market cap 4.58%
Second Best
Warehouse
$65.2K
$57.0K – $76.0K
NOI $4,561 @ 7.0% cap · market cap 3.51%
Theoretical Best
Specialty Retail
$205.3K
$179.6K – $239.5K
NOI $14,371 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
Explore this area
Business Placement
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 - Gated storage condo with automatic overhead doors, security cameras, and onsite wash bay and dump station.
Where is this self storage facility located?
The property is located at D58-11440 Digital Ct Sparks, NV.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Big Box Storage Condos storage unit size: 14.5 ft x 40 ft (individual commercial storage condo).; Secure, fully gated complex with security cameras on‑site.; Automatic overhead garage doors with openers for the unit.
