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    15 W MAIN ST Green River, UT 84525

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    For Sale
    $350,000

    Commercial building with versatile space and prime downtown location.

    Type:Commercial/Industrial
    Lot size:
    0.45 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    11
    Last Refresh:
    Feb 10 at 7:03 am

    Property Features for 15 W MAIN ST

    General Information

    Standard status
    Active
    Lot size
    0.45 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    Aaron Davies
    Aaron Davies

    Listing agent Aaron Davies License #4843080

    Listing office EXP Realty, LLC

    Listing date Mar 24, 2026

    Source Exitrealty

    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 EXP Realty, LLC

    Overview

    Downtown Green River Corner Lot

    Located on a corner lot on Main Street in downtown Green River, this commercial building offers a prime location suitable for a range of commercial purposes. The building features four large rooms, a full kitchen, and a bathroom with a shower room. Central air conditioning is included. Appliances include a washer and dryer. Additional amenities include a two-car carport and storage rooms around the building. The property is equipped with 120/240 V 3-phase electric power.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Storage Facility Department Store Bar & Pub Discount Store Car Rental Facility Bakery Cosmetic Store Supermarket (Bike/Boat/Book/etc) Store Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Green River
    County
    Grand
    State
    Utah
    Longitude
    -110.1625166
    Latitude
    38.9951283

    Nearby Similar for Sale

    • $110,000
      4,800 SF

      Green River Restaurant Opportunity

      Restaurant/retail opportunity in growing Green River, near outdoor attractions.
      265 E MAIN ST, Green River, UT 84525
      View Details
    • $2,800,000
      10,418 SF

      Thriving Grocery Store Opportunity

      Only full-service grocer within 60 miles radius.
      80 S Broadway, Green River, UT 84525
      View Details
    • $2,800,000

      Thriving Grocery Store Opportunity

      Full-service grocery store in Green River, Utah, serving large radius.
      80 S Broadway St, Green River, UT, 84525-4537
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial building with versatile space and prime downtown location.
    Where is this specialty property located?
    The property is located at 15 W MAIN ST Green River, UT.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime commercial location on Main Street in downtown Green River.; Versatile building suitable for a range of commercial purposes.; 120/240 V 3 phase electric.
    (801) 499-6087
    We can help!
    Listing Contact
    Aaron Davies
    Aaron Davies
    Real Estate License ID: 4843080
    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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