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    11440 Sparks Nv Usa Sparks, NV 89441

    • Self storage facilities
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Self storage facilities

    Property Details for 11440 Sparks Nv Usa

    Property type
    Self storage facilities

    Description

    This exceptional 725-square-foot self-storage condo, located at 11440 Digital Ct, Unit B21, Sparks, NV 89441, presents a unique investment opportunity. Priced at $155,000, this unit is one of the largest in the secure, gated LuxeLocker Spanish Springs complex. Ideal for storing boats, RVs, vehicles, or general storage needs, the unit boasts an automatic overhead garage door and opener. The complex offers comprehensive amenities including security cameras, a commercial wash bay, dump station, and showers. A commercial management association maintains the complex, ensuring a well-managed and secure environment. The unit's dimensions are 14.5 feet by 50 feet. Buyers should note a 1% to 1.5% fee of the sales price is payable to Capitol Reserves/Admin for CAM. The complex enjoys a convenient location directly off Highway 445 and Ingenuity Avenue. This is a rare chance to own, rather than rent, a substantial storage unit in a well-maintained and amenity-rich facility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.703
    Latitude
    39.6776

    Comparable in this City

    • Value Estimation by Request
      23,366 SF

      11440 Digital Ctb15

      MINI-WAREHOUSE, STORAGE • 23,366 SF
      11440 Digital Ctb15, Sparks, NV 89441-5225
      View Details
    • Value Estimation by Request
      19,152 SF

      11440 Digital Cte84

      MINI-WAREHOUSE, STORAGE • 19,152 SF
      11440 Digital Cte84, Sparks, NV 89441-5225
      View Details
    • Value Estimation by Request
      6,760 SF

      11440 Digital Ctc44

      MINI-WAREHOUSE, STORAGE • 6,760 SF
      11440 Digital Ctc44, Sparks, NV 89441-5225
      View Details
    • Value Estimation by Request
      6,760 SF

      11440 Digital Ctc48

      MINI-WAREHOUSE, STORAGE • 6,760 SF
      11440 Digital Ctc48, Sparks, NV 89441-5225
      View Details
    • Value Estimation by Request
      19,152 SF

      11440 Digital Cte92

      MINI-WAREHOUSE, STORAGE • 19,152 SF
      11440 Digital Cte92, Sparks, NV 89441-5225
      View Details
    • Value Estimation by Request
      4,915 SF

      11440 Digital Cta8

      MINI-WAREHOUSE, STORAGE • 4,915 SF
      11440 Digital Cta8, Sparks, NV 89441-5225
      View Details

    Similar Nearby for Sale

    • $109,888
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      Luxury Self Storage Condo in Sparks, NV

      Own Your Storage Unit; Prime Location
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      Sparks Land with Panoramic Views

      11.11 acres in Sparks, NV, with paved road access.
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    • $175,000
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      40 acre parcel with flat area suitable for building.
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      Sparks Land with City Views

      10+ acre lot near amenities with city views.
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    Similar Nearby for Lease

    • Contact for pricing
      38,700 SF

      Sparks Warehouse Space Available

      38,700 SF warehouse space for lease in Sparks, Nevada.
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      35,624 SF

      Sparks Industrial Space Available

      Industrial property available for lease in Sparks, Nevada.
      115 Circuit Ct, Sparks, NV 89441
      View Details
    • Contact for pricing
      48,542 SF

      Sparks Warehouse with 32' Clearance

      48,542 SF warehouse featuring 32' clear height.
      447 Ingenuity Ave, Sparks, NV 89441
      View Details
    • Contact for pricing
      18,000 SF

      Industrial Space in Sparks, Nevada

      18,000 square foot industrial property available for rent.
      420 Ingenuity Ave, Sparks, NV 89441
      View Details
    • Contact for pricing
      7,510 SF

      Sparks Industrial Flex Space

      New 7,510 SF Flex Space in Sparks, NV
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    • $11 SF/Yr
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      DP Industrial Park: Sparks, NV

      Modern Flex/Warehouse Space Available
      180 Design Pl, Sparks, NV 89441
      View Details
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    Sparks, NV 89441
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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