The complexity and heterogeneity of ultra-deep faulted karst reservoirs pose significant challenges for hydrocarbon exploration. In this study, we integrated remote sensing image analysis, field measurements, and core sample testing to evaluate the characteristics and controlling factors of carbonate reservoir spaces within the Middle and Lower Triassic formations along a regional strike-slip fault in the Qingjiang region of China. The strike-slip fault zone is composed of multiple fault cores and damage zones. Based on differences in damage zone width and linear fault density, the fault zone was subdivided into transtensional and transpressional segmentations. The carbonate reservoirs, primarily developed within the damage zones, consist of fractures, fracture clusters, and cavities. Detailed measurements of the carbonate outcrops were conducted to obtain geometric parameters of the reservoir spaces. Quantitative results indicate that in the transtensional segmentation, the reservoir is dominated by tensile fracture-cavity systems, characterized by larger fracture apertures (0.13–1.25 m), higher linear fracture density (0.38–8.37 m⁻1), and well-developed cavities (0.03–4.84 m2), which contribute to better fluid connectivity and storage capacity. In contrast, the transpressional segmentation is dominated by compressional fracture-fracture cluster systems, with longer fractures (0.11–12.52 m), smaller fracture apertures (0.01–0.94 m), and extensive fracture clusters development (0.18–17.87 m2), but with lower fluid connectivity and limited storage capacity. Mechanical testing results show that the average compressive strength in the transtensional segmentation (133.95 MPa) is significantly higher than that in the transpressional segmentation (70.28 MPa). In terms of mineral composition, the transtensional segmentation has a higher calcite content, whereas the transpressional segmentation is richer in dolomite and quartz. Based on the observed differences in reservoir space characteristics across the strike-slip fault zone, we discussed the combined effects of structural segmentation, formation thickness, rock mechanics, and brittle mineral content on reservoir space development. The study emphasizes that stress conditions (primary factor) and material properties (secondary factor) jointly control fluid migration and storage efficiency in the reservoirs. Additionally, we suggest that the outcrop studies in the Qingjiang region provide valuable geological analogs for faulted karst reservoirs, offering critical insights for improving the precision of carbonate reservoir exploration and optimizing production efficiency.