Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Building on Berlin/Gorham Line Title is generated by Realmo AI

    1 Wentworth Avenue, Gorham, NH 03581

    View on Map
    Claim this Listing
    For Sale
    $289,900

    Expansive building with hardwood floors, ideal for various ventures.

    Type:Commercial/Industrial
    Property size:
    4,116 SF
    Price / SF:
    $70/SF
    Added:
    May 2, 2024
    Days on Market:
    761
    Last Refresh:
    May 27 at 8:05 am

    Property Features for 1 Wentworth Avenue

    General Information

    Standard status
    Active
    Size
    4,116 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Janet Nickerson

    Listing agent Janet Nickerson

    Listing office A House To Home Realty

    Listing date May 2, 2024

    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 A House To Home Realty

    HighLights

    • Expansive 4,000+ sq ft building offers versatile space.
    • Stunning large open space with beautiful hardwood floors.
    • Located on the Berlin/Gorham line.
    • Several smaller rooms ideal for various activities.
    • Partially finished basement offers additional potential.
    • Previously used as a cherished child care center.

    Overview

    This expansive building, totaling over 4,000 square feet, is located on the Berlin/Gorham line. Previously used as a child care center, the property offers opportunities for a variety of ventures. The building features a thoughtful layout that includes several smaller rooms suitable for various activities or administrative purposes. A large open space with hardwood floors provides an elegant touch and offers possibilities for group activities, events, or customized setups. The basement is partially finished and can be adapted for extra storage, additional activity areas, or staff quarters. This property presents an opportunity to continue its legacy as a child care center or embark on a new venture.
    Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Pharmacy Auto Repair Shop Daycare Center Department Store Hotel & Motel Bar & Pub

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

    Similar Places Nearby

    • White Mountains Learning Center — 1 Wentworth Ave, Gorham, NH 03581
    • North Woods Learning Center — 1 Wentworth Ave, Gorham, NH 03581

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.1909127
    Latitude
    44.4491289

    Nearby Similar for Sale

    • $679,000
      3,000 SF

      New Multi-Family Home in Gorham

      New construction multi-family home with garage and rental potential.
      64 Evans Street, Gorham, NH 03581
      View Details
    • $389,000

      Versatile Commercial Property in Gorham

      Spacious commercial property with drive-thru, parking, and dual access.
      177 Main Street, Gorham, NH 03581
      View Details
    • $425,000

      Downtown Gorham Commercial Opportunity

      Prime commercial property in downtown Gorham with high visibility.
      152 Main Street, 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 Street, Gorham, NH 03581
      View Details
    • $399,000
      3,034 SF

      Versatile Downtown Mixed-Use Property

      Commercial and residential property with income potential in downtown Gorham.
      101 Main Street, Gorham, NH 03581
      View Details
    • $450,000

      Mixed-Use Commercial Building in Gorham

      Investment opportunity with storefronts and apartments in downtown Gorham.
      10-14 Exchange Street, Gorham, NH 03581
      View Details
    • $679,000

      New Gorham Home with Garage

      Recently built duplex with large garage in desirable location.
      64 Evans St, Gorham, NH 03581
      View Details
    • $425,000
      2,552 SF

      Downtown Gorham Business Opportunity

      Prime location with adaptable spaces and excellent visibility.
      152 Main St, Gorham, NH 03581
      View Details
    • $399,000

      Downtown Gorham Mixed-Use Opportunity

      Spacious mixed-use building in downtown Gorham with income potential.
      101 Main Street, Gorham, NH 03581
      View Details
    • $749,000
      1,440 SF

      Prime Corner Location in Gorham

      Exceptional opportunity in Gorham's vibrant downtown area.
      385 Main St, Gorham, NH 03581
      View Details
    • $289,900
      4,000 SF

      Versatile Commercial Building on Berlin/Gorham Line

      Expansive building with hardwood floors, ideal for various ventures.
      1 Wentworth Avenue, Gorham, NH 03581
      View Details
    • $450,000
      1,625 SF

      Mixed-Use Investment Opportunity in Gorham

      Mixed-use commercial building with storefronts and apartments in downtown Gorham.
      10-14 Exchange St, Gorham, NH 03581
      View Details

    FAQs

    What type of property is this?
    Day care center - Expansive building with hardwood floors, ideal for various ventures.
    Where is this day care center located?
    The property is located at 1 Wentworth Avenue Gorham, NH.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: Expansive 4,000+ sq ft building offers versatile space.; Stunning large open space with beautiful hardwood floors.; Located on the Berlin/Gorham line.
    (603) 723-9877
    We can help!
    Listing Contact
    Janet Nickerson
    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

    Thank You for Inquiry
    1 Wentworth Avenue, Gorham, NH 03581
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!