Renovated Mixed-Use
For Sale
Contact for pricing
6 N Lake Powell Blvd, Page, AZ 86040
Central Business District property supporting office, retail, and business services uses.
Property Size4,126 SF
Lot Size0.31 Acres
Price / SF$242.37
Days on Market13
Property Features for 6 N Lake Powell Blvd
General Information
Standard status
Active
Size
4,126 SF
Total Parking Spaces
11
Lot size
0.31 Acres
Property subtype
Retail, Office
Zoning
Central Business District
Additional Details
Asking Price
$1,000,000
Building Details
Year Renovated
2023
Buildings
1
Stories
1
Listing Agency:
Kelly & Call Commercial
(928) 440-5450
Listed By:
Rob Gerlak · License #AZ
Source:
Crexi
Added: Aug 20
Changed: Aug 31
Last Checked: Aug 31 at 8:47AM
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 Kelly & Call Commercial
Investment Insights
Based on property information with market context.
Renovated in 2023, this 4,126-square-foot mixed-use building occupies a 13,640-square-foot parcel in Page, Arizona. The Central Business District zoning supports office, retail, and business services uses, while a Mixed-Use Overlay is available as a conditional use.
The property includes 11 on-site paved parking spaces and is located at 6 N Lake Powell Blvd. Its combination of updated improvements, commercial zoning, and flexible use support accommodates a range of office, retail, and service-oriented configurations.
The property includes 11 on-site paved parking spaces and is located at 6 N Lake Powell Blvd. Its combination of updated improvements, commercial zoning, and flexible use support accommodates a range of office, retail, and service-oriented configurations.
Key Highlights
- 4,126 SF building on a 13,640 SF (.31 acre) parcel
- Renovated in 2023
- Central Business District zoning
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
$56,912
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
5.69%
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%
$1,138,240
$1.1M
Cap Rate 7%
$813,029
$813.0K
Cap Rate 9%
$632,356
$632.4K
Market Conditions
NOI Build-Up for 4,126 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
$96.1K $23.28/SF
− Vacancy
−$20.2K −$4.89/SF
EGI
$75.9K $18.39/SF
− OpEx
−$19.0K −$4.60/SF
NOI
$56.9K $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%
$1,138,240
Cap Rate 7%
$813,029
Cap Rate 9%
$632,356
Alternative Uses
Best Use
Office B
$813.0K
$711.4K – $948.5K
NOI $56,912 @ 7.0% cap · market cap 5.69%
Second Best
Retail
$712.9K
$623.8K – $831.8K
NOI $49,905 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.14M
$998.1K – $1.33M
NOI $79,847 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
640
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Central Business District property supporting office, retail, and business services uses.
Where is this mixed-use property located?
The property is located at 6 N Lake Powell Blvd Page, AZ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,126 SF building on a 13,640 SF (.31 acre) parcel; Renovated in 2023; Central Business District zoning
