Luxury RV Condo Storage
For Sale
Contact for pricing
5590 Dark Sky Drive, Flagstaff, AZ 86001
Exclusive storage condos for sale, ideal for RVs.
Property Size1,620 SF
Price / SF$188.27
Days on Market1773
Property Features for 5590 Dark Sky Drive
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Self Storage
Building Details
Year Built
2023
Listing Agency:
RealtyONEGroup Mountain Desert
(928) 774-3392
Listed By:
Daniel Collins · License #SA549879000
Source:
Crexi
Added: Sep 29, 2021
Changed: Jul 6
Last Checked: Aug 6 at 11:25AM
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 RealtyONEGroup Mountain Desert
Investment Insights
Based on property information with market context.
This property offers an opportunity to purchase one of 30 individual units in Flagstaff’s luxury RV condo storage facility. These units are for sale, not for rent, providing owners the ability to store vehicles, toys, or business assets without incurring high local rental rates. The units are move-in ready and available for ownership. Each unit measures approximately 18 feet by 90 feet, totaling around 1,620 square feet. The property is located at 5590 Dark Sky Rd, Flagstaff, AZ 86001.
Key Highlights
- Ownership, not rental: Purchase a condo unit for storage instead of paying ongoing rental fees.
- Exclusive, limited availability: Only 30 units exist, with several already sold, creating scarcity.
- Immediate occupancy: Units are ready for immediate occupancy and ownership.
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
Industrial
$138.5K
$121.2K – $161.6K
NOI $9,696 @ 7.0% cap · market cap 3.18%
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
Location Intelligence
Trade Area within ½ mile
6
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 - Exclusive storage condos for sale, ideal for RVs.
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: Ownership, not rental: Purchase a condo unit for storage instead of paying ongoing rental fees.; Exclusive, limited availability: Only 30 units exist, with several already sold, creating scarcity.; Immediate occupancy: Units are ready for immediate occupancy and ownership.
