A103 Insulated Storage Unit with Power
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 Market204
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
shared bathroom
wireless internet
gated and secured
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: Aug 21 at 11:06PM
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.
A103 at Dark Sky Storage Condos is a fully insulated storage unit designed for Boat/RV condo storage use. The unit includes an electric 14-foot overhead door and is individually metered. The complex is fully gated and secured, with a fenced site and a metal roof. On-site shared bathroom facilities are provided, along with water and septic services. Wireless internet is available, and the complex includes a 70-foot-wide driveway for access.
Built in 2023 on a 2.01-acre site, this is offered as a single unit sale within the condo storage concept. HOA is paid annually.
This unit’s configuration and utilities support independent operation within a secured storage environment.
Built in 2023 on a 2.01-acre site, this is offered as a single unit sale within the condo storage concept. HOA is paid annually.
This unit’s configuration and utilities support independent operation within a secured storage environment.
Key Highlights
- A103 unit at Dark Sky Storage Condos, fully insulated with an electric 14‑foot overhead door
- Individually metered unit in a fully gated and secured, fenced complex
- 2.01‑acre site with metal roof and 2023 build year
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
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - A103 unit in a gated Boat/RV condo storage facility, fully insulated and individually metered.
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: A103 unit at Dark Sky Storage Condos, fully insulated with an electric 14‑foot overhead door; Individually metered unit in a fully gated and secured, fenced complex; 2.01‑acre site with metal roof and 2023 build year
