Mountain Resort with Cabins and RV
1901 S Mormon Lake Rd Flagstaff, AZ 86038
1901 S Mormon Lake Rd, Flagstaff, AZ, 86038
Contact for pricing
For Sale
Contact for pricing
Full-service mountain resort featuring cabins, motel-style lodging, an RV park, and an on-site steakhouse and saloon.
Property Size22,000 SF
Lot Size280.00 Acres
Price / SF$222.73
Days on Market76
Property Features for 1901 S Mormon Lake Rd
General Information
- Standard status
- Active
- Size
- 22,000 SF
- Lot size
- 280.00 Acres
- Property subtype
- Land
Listing agency
Burton Brokerage LLC
(602) 319-8575
Listed by
Gracie Burton · License #AZ
Source
Crexi
Added: May 7 Updated: Jul 20 at 5:04PM Checked: Jul 20 at 5:04PM
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 Burton Brokerage LLC
Investment Insights
Based on property information with market context.
Mormon Lake Lodge is a full-service mountain resort on 280 acres, offering on-site lodging and guest amenities. The property includes 27 rental cabins and 6 motel-type lodging units, along with a 72-space full hook-up RV park and a 150-space dry camp. Additional improvements include a 224-seat steakhouse with a Western-themed saloon, a country store with a fuel facility, and a laundry facility, plus employee housing.
The sale also includes land described as accommodating outdoor events, with surrounding terrain referenced as suitable for off-road vehicles.
The on-site store’s fuel facility is supported by new underground tanks. The RV park is described as capable of expansion beyond the current 72 spaces (exact capacity details are provided in the listing materials). All parties will need to sign an NDA, and the seller has noted available site inventory and environmental information for review.
The sale also includes land described as accommodating outdoor events, with surrounding terrain referenced as suitable for off-road vehicles.
The on-site store’s fuel facility is supported by new underground tanks. The RV park is described as capable of expansion beyond the current 72 spaces (exact capacity details are provided in the listing materials). All parties will need to sign an NDA, and the seller has noted available site inventory and environmental information for review.
Key Highlights
- Full‑service 280‑acre mountain resort with 27 cabins and 6 motel‑type lodging units.
- 72‑space full hook‑up RV park (potential to expand to 200) plus 150‑space dry camp.
- On‑site 224‑seat steakhouse and western‑themed saloon.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $462.0k | $21.00 |
| − Vacancy | −$30.0k | −$1.37 |
| EGI | $432.0k | $19.64 |
| − OpEx | −$108.0k | −$4.91 |
| NOI | $324.0k | $14.73 |
22,000 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.63M
$4.05M – $5.40M
NOI $323,978 @ 7.0% cap · market cap 6.61%
Second Best
Hotel Hospitality
$2.42M
$2.12M – $2.82M
NOI $169,290 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$6.08M
$5.32M – $7.10M
NOI $425,750 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Resorts
Similar For Sale Nearby
FAQs
What type of property is this?
Resort - Full-service mountain resort featuring cabins, motel-style lodging, an RV park, and an on-site steakhouse and saloon.
Where is this resort located?
The property is located at 1901 S Mormon Lake Rd Flagstaff, AZ.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Full‑service 280‑acre mountain resort with 27 cabins and 6 motel‑type lodging units.; 72‑space full hook‑up RV park (potential to expand to 200) plus 150‑space dry camp.; On‑site 224‑seat steakhouse and western‑themed saloon.
