Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    328 E Main Street Springerville, AZ 85938

    View on Map
    For Sale
    Under Contract
    $179,000

    COMMERCIAL - Springerville, AZ

    Property size:
    1,155 SF
    Lot size:
    0.45 Acres
    Added:
    Aug 23, 2024
    Days on Market:
    588
    Last Refresh:
    Apr 2 at 7:06 am

    Property Features for 328 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Window features
    Double Pane Windows
    Patio and Porch features
    Deck
    Interior features
    Master Downstairs
    Exterior features
    Rain Gutters
    Standard status
    Active Under Contract
    APN
    105-21-037
    Size
    1,155 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    TaxDescription
    SECTION 33 TOWNSHIP 9N RANGE 29E COMMENCING EAST 280NW4 NE4 SW4 THE TRUE POB THN E 41; THN S 92.5; THN W 21.5; THN N16; THN W 19.5; THN N 76.5 TO POB
    TaxAnnualAmount
    365

    Utilities

    Utilities
    Propane
    Heating system
    Propane (Heating), Wall Furnace

    Building Details

    Year built
    1915
    Roof type
    Metal

    We can help!

    Listing Contact
    Skye Snyder

    Listing agent Skye Snyder License #SA692820000

    Listing office West USA Realty - Eagar 45 N Eagar St, Eagar, AZ

    Listing date Aug 23, 2024

    MLS# 252755

    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

    Springerville Retail/Office Opportunity

    Located in Springerville, Arizona, this commercial property offers an opportunity to establish a business in a prime downtown location. The property, situated on a 0.45-acre lot, features a 1,155-square-foot building suitable for a small retail location, a professional office, or other creative business pursuits. The property includes small living quarters in the back. The location provides ample parking space and room to add a shop or garage. The property is move-in ready. The White Mountains of Arizona offer four seasons and a small-town quality of life.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springerville
    County
    Apache
    State
    Arizona
    Longitude
    -109.282
    Latitude
    34.13272

    Nearby Similar for Sale

    • $198,000
      2,090 SF

      Turn-Key Business Opportunity

      Two combined businesses: shipping/mailing and frozen yogurt/gift shop.
      217 S Mountain Avenue, Springerville, AZ 85938
      View Details
    • $365,000
      1,500 SF

      Mixed-Use Commercial Property in Springerville

      1500 SF mixed-use property on a highly visible highway.
      45 N C Street, Springerville, AZ 85938
      View Details
    • $400,000
      2,800 SF

      Versatile Commercial Shop on Highway

      Commercial shop on 2.55 acres, endless business potential!
      679 S US 180 Highway, Springerville, AZ 85938
      View Details
    • $220,000

      Springerville Land with Shop

      Land with shop, private well, utilities, and expansion potential.
      109 US-180, Springerville, AZ 85938
      View Details
    • $2,300,000
      14,542 SF

      Springerville Multifamily Investment Opportunity

      20-unit apartment complex in Springerville, Arizona, built in 1985.
      44 Aldrice Burk Dr, Springerville, AZ 85938
      View Details

    FAQs

    What type of property is this?
    Retail space - Move-in ready retail or office space in Springerville, Arizona.
    Where is this retail space located?
    The property is located at 328 E Main Street Springerville, AZ.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: Prime downtown location in Springerville, Arizona.; Move‑in ready condition for various business types.; Small living quarters included.
    (928) 551-3961
    We can help!
    Listing Contact
    Skye Snyder
    Real Estate License ID: SA692820000
    Learn More
    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.
    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!