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    Boutique Hotel in Nymfeo, Greece Title is generated by Realmo AI

    1005 NYNFEO FLORINA GREECE, , CA, CA

    Claim this Listing
    For Sale
    $595,000

    MULTI_FAMILY - CA

    Property size:
    4,600 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $129/SF
    Added:
    Jul 1, 2022
    Days on Market:
    1420
    Last Refresh:
    May 20 at 1:06 am

    Property Features

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    11
    Bathrooms
    35
    Rooms
    Bathroom 14, Bathroom 22, Bathroom 25, Bedroom 7, Bedroom 1, Bathroom 12, Bathroom 32, Bathroom 35, Bathroom 30, Bathroom 4, Bathroom 27, Bathroom 20, Bathroom 29, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 9, Bedroom 2, Bathroom 18, Bedroom 8, Bathroom 7, Bathroom 9, Bathroom 17, Bathroom 19, Bedroom 10, Bedroom 6, Bathroom 13, Bathroom 31, Bathroom 21, Bathroom 23, Bathroom 10, Bathroom 1, Bathroom 6, Bathroom 3, Bathroom 28, Bathroom 11, Bathroom 5, Bedroom 3, Bedroom 11, Bathroom 33, Bathroom 24, Bathroom 26, Bathroom 8, Bathroom 16, Bathroom 15, Bathroom 34
    Parking
    10
    Parking features
    On Street
    Fireplace
    1
    Standard status
    Active
    APN
    0000000005
    Size
    4,600 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    2010
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Tile, Tile - Ceramic

    We can help!

    Listing Contact
    Theodore Kyriazis

    Listing agent Theodore Kyriazis License #01121471

    Listing office Theodore Kyriazis, Realtors 9903 Santa Monica Bl. #485, Beverly Hills, CA

    Listing date Jul 1, 2022

    MLS# 22-174255 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Boutique traditional hotel with 31 rooms
    • Located in Nymfeo, one of Europe's most beautiful villages
    • Situated at the highest point of Nymfeo, offering superb views
    • Renovated with attention to traditional details
    • Near world‑class hiking, horse riding, and a large ski resort
    • Built in 2010

    Overview

    The boutique traditional Hotel Argiro, with a capacity of 31 rooms, is situated at approximately 3,500 square feet at the highest point of the village Nymfeo in Florina, Greece. Nymfeo, believed to be one of the most beautiful villages in Europe, is a village built in the Middle Ages and preserved with care. The hotel has been renovated with attention to traditional details, offering peace, beauty, and views. The property is located near mountains and lakes, approximately 15 miles from the town of Florina. The lot size is 0.1377 acres and the property size is 4,600 square feet. Nearby activities include hiking in the Oak Forest, horse riding, and an Olympic configuration ski resort. The hotel is intended for hospitality purposes.
    Location Intelligence

    Current Use by Public Records

    Hotels

    FAQs

    What type of property is this?
    Hotel - Traditional 31-room hotel in picturesque Nymfeo village, Greece.
    Where is this hotel located?
    The property is located at CA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Boutique traditional hotel with 31 rooms; Located in Nymfeo, one of Europe's most beautiful villages; Situated at the highest point of Nymfeo, offering superb views
    (310) 770-3533
    We can help!
    Listing Contact
    Theodore Kyriazis
    Real Estate License ID: 01121471
    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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