Scenic View Inn
For Sale
$9,900,000
287 N Lake Powell Blvd, Page, AZ 86040
130-room hotel with restaurant, bar, and convention space.
Property Size96,490 SF
Lot Size5.77 Acres
Price / SF$102.60
Days on Market190
Property Features for 287 N Lake Powell Blvd
General Information
Standard status
Active
Size
96,490 SF
Lot size
5.77 Acres
Property subtype
Hospitality
Building Details
Building Size
96,490 SF
Listing Agency:
NAI Excel
Listed By:
Brandon Price · License #UT #11888747-SA00
(435) 272-7751
Source:
Naiglobal
Added: Feb 26
Changed: Sep 3
Last Checked: Sep 4 at 3:42AM
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 NAI Excel
Investment Insights
Based on property information with market context.
The Scenic View Inn is a 96,490 square foot, 130-room hotel situated on a 5.77-acre site in Page, Arizona. Built in 1978 and zoned CBD (Central Business District), the property is located in the heart of Page, Arizona, along Lake Powell Boulevard, offering scenic views and strong visibility. The property includes a full-service restaurant and bar, a large commercial kitchen, expansive group and convention space, and ample on-site parking. The oversized lot provides flexibility for future expansion or redevelopment. Its proximity to Lake Powell, regional schools, medical facilities, and Page Municipal Airport supports consistent tourism and local demand. This hospitality asset is located in a high-traffic corridor and has multiple revenue components.
Key Highlights
- Premier location on Lake Powell Boulevard with scenic views and strong visibility.
- Large ±5.77‑acre lot offering flexibility for future expansion or redevelopment.
- 130‑room hotel with full‑service restaurant, bar, and large commercial kitchen.
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
$742,491
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
7.50%
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%
$14,849,820
$14.8M
Cap Rate 7%
$10,607,014
$10.6M
Cap Rate 9%
$8,249,900
$8.2M
Market Conditions
NOI Build-Up for 96,490 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
$1.74M $18.00/SF
− Vacancy
−$173.7K −$1.80/SF
EGI
$1.56M $16.20/SF
− OpEx
−$820.6K −$8.51/SF
NOI
$742.5K $7.69/SF
Area
Coconino County, AZ
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$14,849,820
Cap Rate 7%
$10,607,014
Cap Rate 9%
$8,249,900
Alternative Uses
Best Use
Hotel Hospitality
$10.61M
$9.28M – $12.37M
NOI $742,491 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.68M
$23.34M – $31.12M
NOI $1,867,299 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
590
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - 130-room hotel with restaurant, bar, and convention space.
Where is this hotel located?
The property is located at 287 N Lake Powell Blvd Page, AZ.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: Premier location on Lake Powell Boulevard with scenic views and strong visibility.; Large ±5.77‑acre lot offering flexibility for future expansion or redevelopment.; 130‑room hotel with full‑service restaurant, bar, and large commercial kitchen.
