Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    268 Rainbow Dr Page, AZ 86040

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    268 Rainbow Dr Page, AZ 86040

    View on Map
    • Land
    • 0.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 268 Rainbow Dr

    Lot size
    0.64 lot acres
    Property type
    Land

    Description

    This exceptional 0.64-acre commercial land parcel presents a unique investment opportunity in the desirable Greenehaven community, Page, Arizona. Located in Unit 2, known as The View Estates, this lot allows for the construction of a custom home with a minimum square footage of 1400 square feet. The property boasts underground curbside utilities, ensuring convenient access to essential services. Buyers have the freedom to choose their preferred builder, subject to community guidelines. Greenehaven is a planned development community, just nine miles from the city of Page, offering a tranquil setting while remaining conveniently close to amenities. The community features reasonable covenants, conditions, and restrictions (CC&Rs) and an annual HOA fee of $470.28, covering street maintenance and common areas. Enjoy easy access to Lake Powell's launch ramps at Wahweap and Lone Rock beaches, and explore nearby National Parks. Greenehaven's designation as a "dark sky" community provides exceptional stargazing opportunities. This property is ideal for those seeking a peaceful, outdoor-oriented lifestyle with access to boating, fishing, kayaking, hiking, and biking. The APN is 601-41-006. The asking price for this remarkable property is $75,000. Legal access is confirmed. Single-family building is permitted. No special assessments are currently in place.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Page
    County
    Coconino
    State
    Arizona
    Longitude
    -111.554
    Latitude
    36.9907

    Comparable in this City

    • Value Estimation by Request
      0.31 Acres

      55 Baker Dr

      Land • 0.31 Acres
      55 Baker Dr, Page, AZ 86040
      View Details
    • Value Estimation by Request
      0.18 Acres

      2280 Coyote Crk Rd

      Land • 0.18 Acres
      2280 Coyote Crk Rd, Page, AZ 86040
      View Details
    • Value Estimation by Request
      0.24 Acres

      340 Eagle Dr

      Land • 0.24 Acres
      340 Eagle Dr, Page, AZ 86040
      View Details
    • Value Estimation by Request
      0.44 Acres

      305 Anasazi Dr

      Land • 0.44 Acres
      305 Anasazi Dr, Page, AZ 86040
      View Details
    • Value Estimation by Request
      0.24 Acres

      340 Clubhouse Dr

      Land • 0.24 Acres
      340 Clubhouse Dr, Page, AZ 86040
      View Details
    • Value Estimation by Request
      0.28 Acres

      52 Paria Dr

      Land • 0.28 Acres
      52 Paria Dr, Page, AZ 86040
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Lot with Breathtaking Views

      Corner lot with utilities and potential for elevated home.
      15 Arch Dr, Greenehaven, AZ 86040
      View Details
    • $85,000
      0.44 Acres

      Residential Lot with Mountain Views

      Residential lot in Greenehaven with lake and mountain views.
      248 Padre Cyn Dr, Greenehaven, AZ 86040
      View Details
    • $175,000
      0.35 Acres

      Residential Lot in Greenehaven, AZ

      Premier lot to build your dream home with guaranteed views.
      425 N Anasazi Dr, Greenehaven, AZ 86040
      View Details
    • $61,900
      0.19 Acres

      Residential Lot in Page, Arizona

      Residential lot in Page, AZ, with scenic views.
      2269 Coyote Creek Rd, Page, AZ 86040
      View Details
    • $1,300,000
      1.00 Acre

      Commercial Land Overlooking Glen Canyon

      One-acre commercial land with utilities, overlooking Glen Canyon Dam.
      300 N Lake Powell Blvd, Page, AZ 86040
      View Details
    • $122,900
      0.52 Acres

      Greenehaven Corner Lot with Lake View

      0.52 acre corner lot with Lake Powell view.
      388 Padre Cyn Dr, Greenehaven, AZ 86040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,517 SF

      Retail Space Near Lake Powell

      Retail space available in Safeway-anchored shopping center near Lake Powell.
      616-660 Elm St, Page, AZ 86040
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Page, Arizona.
      608 Elm St, Page, AZ 86040
      View Details
    • Contact for pricing

      Retail Space in Safeway Anchored Plaza

      Retail spaces available in popular Lake Powell shopping center.
      608 Elm St, Page, AZ 86040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    268 Rainbow Dr
    Page, AZ 86040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!