Luxe Storage
For Sale
$183,900
E174-25 Panther Dr, Reno, NV 89506
A gated commercial unit includes ambient temperature control and dedicated 30 Amp service.
Property Size750 SF
Price / SF$245.20
Days on Market559
Property Features for E174-25 Panther Dr
General Information
Standard status
Active
Size
750 SF
Additional Details
Fenced Yard
Yes
Power
30 amps
Amenities
Sewer Dump
wash bay
common bathrooms
showers
trash
video and recording devices
Listing Agency:
lpt realty, llc
(925) 321-8042
Listed By:
Kerry Herdt · License #BS.146281
(925) 321-8042
Source:
Exprealty
Added: Feb 19, 2025
Changed: Aug 31
Last Checked: Aug 30 at 10:02PM
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 commercial storage condo is designed for boat, RV, and vehicle storage, with a 15" X 50' Luxe unit configuration. The unit includes ambient temperature control and 30 Amp service. The project is currently under construction, and each unit is offered individually as a commercial condominium.
Property amenities include a sewer dump, wash bay, common bathrooms, showers, trash service, and an owners association. The gated community also includes on-site video and recording devices. The property is located at E174-25 Panther Dr in Reno, Nevada.
The development is intended to support both personal storage and commercial rental use. Photos represent similar units rather than the specific unit offered.
Property amenities include a sewer dump, wash bay, common bathrooms, showers, trash service, and an owners association. The gated community also includes on-site video and recording devices. The property is located at E174-25 Panther Dr in Reno, Nevada.
The development is intended to support both personal storage and commercial rental use. Photos represent similar units rather than the specific unit offered.
Key Highlights
- 15" X 50' Luxe storage unit
- Ambient temperature control and 30 Amp service
- Individually sold as a commercial condominium
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
$7,867
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
4.28%
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%
$157,340
$157.3K
Cap Rate 7%
$112,386
$112.4K
Cap Rate 9%
$87,411
$87.4K
Market Conditions
NOI Build-Up for 750 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
$12.2K $16.20/SF
− Vacancy
−$911 −$1.22/SF
EGI
$11.2K $14.99/SF
− OpEx
−$3.4K −$4.50/SF
NOI
$7.9K $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%
$157,340
Cap Rate 7%
$112,386
Cap Rate 9%
$87,411
Alternative Uses
Best Use
Self Storage
$112.4K
$98.3K – $131.1K
NOI $7,867 @ 7.0% cap · market cap 4.28%
Second Best
Warehouse
$73.8K
$64.5K – $86.1K
NOI $5,163 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$231.1K
$202.3K – $269.7K
NOI $16,180 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
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 - A gated commercial unit includes ambient temperature control and dedicated 30 Amp service.
Where is this self storage facility located?
The property is located at E174-25 Panther Dr Reno, NV.
What is the asking price?
The asking price for this property is $183,900.
What are key features of this property?
This property features: 15" X 50' Luxe storage unit; Ambient temperature control and 30 Amp service; Individually sold as a commercial condominium
