Medical Office with Consulting
New
For Sale
$1,300,000
459 S Lake Powell Blvd, Page, AZ 86040
Commercial Building, Page, AZ
Property Size4,500 SF
Lot Size1.19 Acres
Price / SF$288.89
Days on Market2
Property Features for 459 S Lake Powell Blvd
General Information
Property type
Residential
Property subtype
Office
Zoning
Business, Commercial
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2
Interior features
Ceiling Fans, Window Coverings, Vaulted Ceilings, Flooring- Wood
Appliances
Water Heater- Propane
Subdivision
Page Townsite
Lot features
Curb & Gutter, Fenced- Partial, Landscape- Full, Sprinklers- Drip System, Trees, View of Mountains, Outdoor Lighting
Standard status
Active
APN
801-06-012
Size
4,500 SF
Lot size
1.19 Acres
Utilities
Utilities
Propane
Heating system
Propane (Heating), Heat Pump (Heating), Electric (Heating)
Cooling system
Electric, Heat Pump, Dual
Amenities
break room/kitchen
shower/bathrooms
locker room
racquetball room
LEED Silver Certification
Building Details
Year built
1989
Roof type
Flat
Listing Agency:
Burton Brokerage, Inc.
(602) 319-8575
Listed By:
Gracie Burton · License #BR103771000
(928) 645-4921
Added: Sep 28
Last Checked: Sep 29 at 1:06PM
MLS# 1606555
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 4,500-square-foot medical office space spans two levels and includes private offices, a reception area, and consulting areas. A 40-by-45-foot room currently configured for racquetball offers additional interior space. Staff amenities include a break room with kitchen, a powder room, two shower bathrooms, and a locker room. Interior finishes include polished concrete on the main level and wood flooring upstairs. The building received LEED Silver certification when constructed in 1989.
The property occupies 1.19 acres at 459 S Lake Powell Blvd in Page. Client parking is positioned in front of the building, with employee parking at the rear; an outdoor area is also located near the front. Zoning is designated Business, Commercial.
The property occupies 1.19 acres at 459 S Lake Powell Blvd in Page. Client parking is positioned in front of the building, with employee parking at the rear; an outdoor area is also located near the front. Zoning is designated Business, Commercial.
Key Highlights
- 4,500 square feet across two levels
- 40‑by‑45‑foot room currently used for racquetball
- LEED Silver certification; built in 1989
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
$62,070
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
4.77%
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%
$1,241,400
$1.2M
Cap Rate 7%
$886,714
$886.7K
Cap Rate 9%
$689,667
$689.7K
Market Conditions
NOI Build-Up for 4,500 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
$104.8K $23.28/SF
− Vacancy
−$22.0K −$4.89/SF
EGI
$82.8K $18.39/SF
− OpEx
−$20.7K −$4.60/SF
NOI
$62.1K $13.79/SF
Area
Coconino County, AZ
Vacancy
21.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
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%
$1,241,400
Cap Rate 7%
$886,714
Cap Rate 9%
$689,667
Alternative Uses
Best Use
Office B
$886.7K
$775.9K – $1.03M
NOI $62,070 @ 7.0% cap · market cap 4.77%
Second Best
Healthcare Medical
$779.0K
$681.6K – $908.8K
NOI $54,529 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,085 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two levels include private offices, reception space, and separate staff facilities.
Where is this medical office space located?
The property is located at 459 S Lake Powell Blvd Page, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,500 square feet across two levels; 40‑by‑45‑foot room currently used for racquetball; LEED Silver certification; built in 1989
