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    1 Main Street Greer, AZ 85927

    View on Map
    For Sale
    $3,999,000

    COMMERCIAL - Greer, AZ

    Property size:
    24,038 SF
    Lot size:
    5.08 Acres
    Added:
    Oct 11, 2025
    Days on Market:
    174
    Last Refresh:
    Apr 2 at 12:06 am

    Property Features for 1 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Patio and Porch features
    Patio, Deck
    Interior features
    Vaulted Ceiling(s), Wet Bar, Sauna
    Standard status
    Active
    APN
    102-14-012B
    Size
    24,038 SF
    Lot size
    5.08 Acres

    Taxes and HOA fees

    TaxDescription
    SECTION 14 TOWNSHIP 7N RANGE 27E COM SE 1/16 COR E418' N288.36' TO POB W102.12' S90.25' WLY 342.94' NWLY 140.52' NELY 118.63' NWLY 240.02' NWLY 33.11' NWLY 161.11' WLY 113.87' NWLY 127.36' NWLY 276.51' NELY 50' SELY 359.77' E141.83' SELY 191.59' SELY 238.29' NELY 61.8' ELY 321' NELY 154.4' S188.33' TO POB.
    TaxAnnualAmount
    11132

    Utilities

    Utilities
    Propane
    Heating system
    Radiant, Wood, Propane (Heating)
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1977
    Roof type
    Metal
    Additional Structures
    Guest House

    We can help!

    Listing Contact
    Clair M Crawford

    Listing agent Clair M Crawford

    Listing office Real Broker 3707 E Southern Ave Ste 1074, Mesa, AZ

    Listing date Oct 11, 2025

    MLS# 258297

    Copyright © 2026 White Mountain Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Property in Greer, AZ

    This commercial property is located on Main Street in Greer, Arizona, at an elevation of 8,400 feet. The property offers versatility as a resort, restaurant, or conversion to multifamily housing or a short-term rental investment. The main lodge features 14 bedrooms, including 4 king rooms, 2 large suites with multiple rooms, and 8 double queen rooms. There is also an additional 3-bedroom apartment with a 3-car garage. Two cabins each include 2 bedrooms, 1 bathroom, a living room, and a dinette kitchen. The property includes a full-service commercial kitchen, dining hall, bar, gym, and sauna. Outdoor features include ample parking and outdoor seating. The property is surrounded by pines and offers mountain views. The total lot size is 5.08 acres. The property is suitable for owner-operators, investors, or developers seeking a legacy property with income potential. The property size is 24,038 square feet. Additional parcels include 102-14-012I and 102-14-102N.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Edelweiss Resort and RestaurantGreer Hotel & Motel

    Suggested Use

    Law Firm Bar & Pub Department Store Grocery & Convenience Store Discount Store Food Market Restaurant Cafe & Coffee Shop Restaurant Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greer
    County
    Apache
    State
    Arizona
    Longitude
    -109.459228
    Latitude
    33.999044

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    FAQs

    What type of property is this?
    Resort - Resort, restaurant, or multifamily conversion opportunity in Greer, Arizona.
    Where is this resort located?
    The property is located at 1 Main Street Greer, AZ.
    What is the asking price?
    The asking price for this property is $3,999,000.
    What are key features of this property?
    This property features: Versatile property suitable for resort, restaurant, multifamily housing, or short‑term rental investment.; Full‑service commercial kitchen, dining hall, bar, gym, and sauna included.; Located on Main St. at 8,400 ft elevation with mountain views.
    (928) 940-5955
    We can help!
    Listing Contact
    Clair M Crawford
    Learn More
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    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
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