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

    138 Main St Colebrook, NH 03576

    View on Map
    Sponsored
    For Sale
    $139,000

    Commercial For Sale - Colebrook, NH

    Days on Market:
    2
    Last Refresh:
    Mar 7 at 2:06 am

    Property Features for 138 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Village
    Rooms
    Basement
    Basement Y/N
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Julie Steiner

    Whitehill Estates & Homes (603) 733-6696

    Listing agent Julie Steiner (603) 733-6696

    Listing date Mar 6, 2026

    MLS# 5078514 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Main Street Landmark Opportunity

    Located at 138 Main Street in Colebrook, New Hampshire, this mixed-use property presents an opportunity for investors, entrepreneurs, or developers to revitalize a historic location in the heart of downtown. Formerly home to Howard’s Restaurant, the building features two apartments on the second floor. The third floor offers a large open area that could be reimagined for offices, studios, storage, or additional living space. The property is situated in a prime location with a strong presence on Main Street. The property is currently in poor condition and requires substantial repairs and a full rehabilitation. It is best suited for buyers ready to take on a major renovation project. The property is being sold as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colebrook
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.4955888
    Latitude
    44.8953684

    Nearby Similar for Sale

    • New
      $176,900
      1,500 SF

      Downtown Colebrook Commercial Opportunity

      Versatile commercial space in downtown Colebrook, ready for your vision.
      11 Bridge St, Colebrook, NH 03576
      View Details
    • $224,900
      4,266 SF

      Downtown Colebrook Multi-Use Property

      Three-unit property with commercial and residential spaces in downtown Colebrook.
      106 Main St, Colebrook, NH 03576
      View Details
    • $850,500
      1.40 Acres

      Prime Commercial Land in Colebrook

      1.4 acres of prime level land in the center of town.
      115/117 Main St, Colebrook, NH 03576
      View Details
    • $324,900
      5,358 SF

      Colebrook Mixed-Use Investment Opportunity

      Five-unit mixed-use property with commercial and residential spaces in Colebrook.
      112-114 Main St, Colebrook, NH 03576
      View Details
    • New
      $259,000
      4,117 SF

      Multi-Unit Property Near Colebrook Club

      Well-maintained 4-unit property with income potential and convenient location.
      69 Pleasant St, Colebrook, NH 03576
      View Details
    • $324,900
      0.25 Acres

      Colebrook Mixed-Use Investment Opportunity

      Five-unit mixed-use property with commercial and residential spaces.
      112-114 Main St, Colebrook, NH 03576
      View Details
    • New
      $139,000
      5,419 SF

      Main Street Landmark Redevelopment Opportunity

      Historic Main Street property in Colebrook, NH, for sale.
      138 Main St, Colebrook, NH 03576
      View Details
    • New
      $189,000
      3,929 SF

      Mixed-Use Opportunity Near Main Street

      Mixed-use property with apartments, ideal for renovation and investment.
      8 Parsons St, Colebrook, NH 03576
      View Details
    • $459,900
      6,085 SF

      Colebrook Multi-Family Investment Opportunity

      Well-maintained 8-unit property in Colebrook, NH near town amenities.
      127 Main St, Colebrook, NH 03576
      View Details
    • New
      $135,000

      Mixed-Use Opportunity in Colebrook, NH

      Mixed-use property with income potential, ideal for renovation.
      8 Parsons St, Colebrook, NH 03576
      View Details
    • $224,900
      0.14 Acres

      Mixed-Use Investment Opportunity

      Three-unit property with commercial and residential spaces in downtown Colebrook.
      106 Main St, Colebrook, NH 03576
      View Details
    • $1,028,400
      0.40 Acres

      Colebrook Commercial Investment Opportunity

      Multi-unit property with auto parts store in Opportunity Zone.
      78-80 Main St, Colebrook, NH 03576
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Historic mixed-use property in downtown Colebrook, ready for revitalization.
    Where is this mixed-use property located?
    The property is located at 138 Main St Colebrook, NH.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: - Prime Main Street location in the heart of downtown.; - Opportunity to revitalize a historic landmark property.; - Two spacious apartments on the second floor.
    (603) 733-6696
    Request Owner's contact information
    138 Main St Colebrook, NH 03576
    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.
    138 Main St
    Colebrook, NH 03576
    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
    138 Main St Colebrook, NH 03576
    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

    We can help!
    Listing Contact
    Julie Steiner
    (603) 733-6696 (603) 986-0652 (603) 253-2357
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!