Insulated Self-Storage Unit with Overhead
For Sale
$305,000
5590 Dark Sky Drive, Flagstaff, AZ 86001
Commercial Sale, Flagstaff, AZ
Property Size1,620 SF
Lot Size2.01 Acres
Price / SF$188.27
Days on Market216
Property Features for 5590 Dark Sky Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Lot features
Landscaped
Directions
1-40 to Flagstaff Ranch, Left of Dark Sky Rd to the end of the cul-de-sac
Subdivision
800 - Flagstaff Ranch
Standard status
Active
APN
11604058
Size
1,620 SF
Lot size
2.01 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TBT: Dark Sky Storage Unit A103
Legal Description
TBT: Dark Sky Storage Unit A103
Utilities
Utilities
Electricity Available
Amenities
gated complex
shared bathroom
wireless internet
Building Details
Year built
2023
Roof type
Metal
Listing Agency:
Realty One Group, Mountain Desert
(928) 774-3392
Listed By:
The Collins Team · License #SA100577000
(928) 230-5168
Added: Jan 29
Changed: Aug 19
Last Checked: Sep 2 at 2:06PM
MLS# 203172
Copyright © 2026 Northern Arizona Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit A103 is a 1,620-square-foot self-storage condominium within a fenced and secured facility in Flagstaff. Built in 2023, the unit is fully insulated and includes an electric 14-foot overhead door, individual electric metering, and a metal roof. The property is offered as one individually owned storage unit suitable for personal vehicles, recreational equipment, or business assets.
The complex occupies 2.01 acres at 5590 Dark Sky Drive and includes a 70-foot-wide driveway, shared bathroom facilities, water, septic service, and wireless internet. Electricity is available, and the facility contains 30 built units. Annual HOA dues apply.
The complex occupies 2.01 acres at 5590 Dark Sky Drive and includes a 70-foot-wide driveway, shared bathroom facilities, water, septic service, and wireless internet. Electricity is available, and the facility contains 30 built units. Annual HOA dues apply.
Key Highlights
- 1,620‑square‑foot storage condominium identified as Unit A103
- Fully insulated unit with electric 14ft overhead door
- Individually metered for electric service
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
$15,649
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
5.13%
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%
$312,980
$313.0K
Cap Rate 7%
$223,557
$223.6K
Cap Rate 9%
$173,878
$173.9K
Market Conditions
NOI Build-Up for 1,620 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
$24.3K $15.00/SF
− Vacancy
−$1.9K −$1.20/SF
EGI
$22.4K $13.80/SF
− OpEx
−$6.7K −$4.14/SF
NOI
$15.6K $9.66/SF
Area
Coconino County, AZ
Vacancy
8.00%
Lease Rate
$15.00 /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%
$312,980
Cap Rate 7%
$223,557
Cap Rate 9%
$173,878
Alternative Uses
Best Use
Self Storage
$223.6K
$195.6K – $260.8K
NOI $15,649 @ 7.0% cap · market cap 5.13%
Second Best
Warehouse
$168.2K
$147.2K – $196.2K
NOI $11,773 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$447.9K
$391.9K – $522.5K
NOI $31,351 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 86001, AZ
37,093
Population
15,364
Households
2.4
Avg Household Size
27
Median Age
55%
College-Educated
96%
High-School Grad
290.4 sq mi
ZIP Area
128
Density / Sq Mi
$62,587
Median Household Income
$24,346
Median Earnings
$1,505
Median Rent
$570,900
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 - Individually metered unit in a gated complex with shared bathroom, water, septic, and wireless internet.
Where is this self storage facility located?
The property is located at 5590 Dark Sky Drive Flagstaff, AZ.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,620‑square‑foot storage condominium identified as Unit A103; Fully insulated unit with electric 14ft overhead door; Individually metered for electric service
