Office Unit With
For Sale
$250,000
91 7th Ave, Page, AZ 86040
Commercial Building, 1 story above ground, Page, AZ
Property Size1,800 SF
Lot Size0.17 Acres
Price / SF$138.97
Days on Market180
Property Features for 91 7th Ave
General Information
Property type
Residential
Property subtype
Office
Zoning
Commercial
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 1
Interior features
Flooring- Carpet
Subdivision
Lake Powell Estates
Lot features
Curb & Gutter, Fenced- Partial, Sidewalks
Standard status
Active
APN
800-44-055
Size
1,799 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2268
Utilities
Utilities
Propane
Heating system
Heat Pump (Heating), Forced Air, Natural Gas
Cooling system
Heat Pump, Gas (Cooling)
Amenities
two half baths
kitchen area
propane heat pump
tongue and groove wood ceiling
Building Details
Year built
1972
Floors in Building
1
Roof type
Flat
Architectural style
Other
Listing Agency:
Majestic View Properties, LLC
Listed By:
Holly Helme · License #BR629830000
(928) 660-3320
Added: Mar 16
Changed: Sep 6
Last Checked: Sep 11 at 12:06AM
MLS# 1606442
Copyright © 2026 Page Lake Powell MLS. 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.
This single-story commercial office unit in Page, Arizona, was built in 1972 and includes a kitchen area, two half baths, carpeted flooring, and a tongue-and-groove wood ceiling. Heating and cooling are provided by a heat pump system, with propane listed among the property utilities. The building has a flat roof with an elastomeric coating applied last summer.
The property occupies a 0.17-acre lot at 91 7th Ave, one block east of Lake Powell Blvd. It is located within the Central Business District zoning area and includes a parking area. The commercial configuration may support office, retail, salon, grooming, medical, food-service, or tourism-related uses as identified in the property information.
The property occupies a 0.17-acre lot at 91 7th Ave, one block east of Lake Powell Blvd. It is located within the Central Business District zoning area and includes a parking area. The commercial configuration may support office, retail, salon, grooming, medical, food-service, or tourism-related uses as identified in the property information.
Key Highlights
- Office unit on a 0.17‑acre lot in Page, AZ
- Central Business District zoning
- Kitchen area and two half baths
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
$21,759
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
8.70%
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%
$435,180
$435.2K
Cap Rate 7%
$310,843
$310.8K
Cap Rate 9%
$241,767
$241.8K
Market Conditions
NOI Build-Up for 1,799 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
$33.2K $18.48/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$31.1K $17.28/SF
− OpEx
−$9.3K −$5.18/SF
NOI
$21.8K $12.10/SF
Area
Coconino County, AZ
Vacancy
6.50%
Lease Rate
$18.48 /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%
$435,180
Cap Rate 7%
$310,843
Cap Rate 9%
$241,767
Alternative Uses
Best Use
Office B
$354.5K
$310.2K – $413.6K
NOI $24,814 @ 7.0% cap · market cap 9.93%
Second Best
Retail
$310.8K
$272.0K – $362.7K
NOI $21,759 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$497.4K
$435.2K – $580.3K
NOI $34,815 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 86040, AZ
10,179
Population
4,801
Households
2.1
Avg Household Size
34
Median Age
24%
College-Educated
90%
High-School Grad
887.9 sq mi
ZIP Area
11
Density / Sq Mi
$82,544
Median Household Income
$47,070
Median Earnings
$1,009
Median Rent
$124,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial CBD space with two half baths, parking, and a flexible interior layout.
Where is this office units located?
The property is located at 91 7th Ave Page, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Office unit on a 0.17‑acre lot in Page, AZ; Central Business District zoning; Kitchen area and two half baths
