Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    177 Main St Gorham, NH 03581

    Sponsored
    For Sale
    $399,000

    Commercial For Sale - Gorham, NH

    Lot size:
    0.81 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 19 at 11:06 am

    Property Features for 177 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CA
    Lot size
    0.81 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Hot Water (Heating), Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Andy Smith

    Badger Peabody & Smith Realty (603) 823-5700 [email protected]

    Listing agent Shem Nelson (603) 823-5700

    Listing date Jan 15, 2026

    MLS# 5072249 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

    Versatile Commercial Property in Gorham

    This versatile commercial property, formerly a bank and later an ATV shop, is available for sale. The property features a spacious open floor plan with abundant natural light, complemented by four private offices, a private workspace, and a double stall public restroom on the main floor. The second level includes a kitchenette, two additional private restrooms, and further office spaces. A converted drive-thru garage boasts high ceilings and two extra tall overhead doors, creating a pass-thru service bay; the installed vehicle lift is available for purchase. The property benefits from dual road access and a large parking lot, rare advantages in a small town setting, enhancing convenience for both customers and employees. Situated in Gorham, New Hampshire, the 0.81-acre lot is zoned CA and offers potential for a variety of uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.1838574
    Latitude
    44.3908366

    Nearby Similar for Sale

    • $225,000
      3,057 SF

      Gorham Multi-Family Income Property

      Well-maintained two-unit property near downtown Gorham, New Hampshire.
      15 Alpine St, Gorham, NH 03581
      View Details
    • $800,000
      0.94 Acres

      Commercial Building in Gorham, NH

      Well-maintained commercial building suitable for office, healthcare, or retail use.
      355 Main St, Gorham, NH 03581
      View Details
    • $450,000
      2,318 SF

      Mixed-Use Building in Gorham, NH

      Mixed-use commercial building with income potential in downtown Gorham.
      10-14 Exchange St, Gorham, NH 03581
      View Details
    • $450,000
      0.20 Acres

      Mixed-Use Commercial Building in Gorham

      Investment opportunity with storefronts and apartments in downtown Gorham.
      10-14 Exchange St, Gorham, NH 03581
      View Details
    • $399,000
      0.10 Acres

      Downtown Gorham Mixed-Use Opportunity

      Spacious mixed-use building in downtown Gorham with storefront and apartment.
      101 Main St, Gorham, NH 03581
      View Details
    • $399,000
      3,034 SF

      Mixed-Use Property in Downtown Gorham

      Versatile property with commercial space and apartment in downtown Gorham.
      101 Main St, Gorham, NH 03581
      View Details
    • $3,600,000

      Self-Storage Portfolio For Sale

      Self-storage portfolio available for purchase in Gorham, New Hampshire.
      521 Main St, Gorham, NH 03581
      View Details
    • $324,900
      4,116 SF

      Gorham, NH Commercial Space

      Versatile 4,116 sq ft building, 0.42 acres
      1 Wentworth Ave, Gorham, NH 03581
      View Details
    • $525,000
      4.50 Acres

      Gorham Commercial Land Opportunity

      Prime 4.5-acre lot, ideal business location.
      215 Main St, Gorham, NH 03581
      View Details
    • $498,900
      8,932 SF

      Gorham Commercial Building - High Income Potential

      Prime location, multiple office spaces, apartment.
      230-232 Main St, Gorham, NH 03581
      View Details
    • $815,000
      5,601 SF

      Gorham Commercial Building - High Traffic

      Prime Gorham location, 3+ acres, multiple tenants.
      515 Main St, Gorham, NH 03581
      View Details
    • $800,000
      8,026 SF

      Gorham Office Building - Main Street

      Prime Gorham Office Space, High Traffic Area
      355 Main St, Gorham, NH 03581
      View Details

    FAQs

    What type of property is this?
    Specialty property - Adaptable commercial space with unique features and dual road access.
    Where is this specialty property located?
    The property is located at 177 Main St Gorham, NH.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Spacious open floor plan with lots of natural light.; - Converted drive-thru garage with **extra tall overhead doors** and optional vehicle lift.; - Dual road access and large parking lot.
    (603) 823-5700
    Request Owner's contact information
    177 Main St Gorham, NH 03581
    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.
    177 Main St
    Gorham, NH 03581
    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
    177 Main St Gorham, NH 03581
    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
    Andy Smith
    (603) 823-5700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.