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    Multi-Family Building with Retail Space Title is generated by Realmo AI

    115/117 Main Street, Colebrook, NH 03576

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    For Sale
    $597,000

    MULTI_FAMILY - Other - Colebrook, NH

    Property size:
    6,267 SF
    Lot size:
    1.40 Acres
    Price / SF:
    $95/SF
    Added:
    Apr 24, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 115/117 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Planning Board
    Rooms
    Basement
    Patio and Porch features
    Porch
    Exterior features
    Outbuilding, Covered Porch
    Appliances
    Water Heater off Boiler
    Standard status
    Active
    Size
    6,267 SF
    Lot size
    1.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7580

    Utilities

    Utilities
    Cable Available
    Heating system
    Steam, Oil
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Vinyl, Carpet, Hardwood
    Building materials
    Wood Frame, Clapboard Exterior
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Francine Rancourt

    Listing agent Francine Rancourt

    Listing office RE/MAX Northern Edge Realty/Colebrook 114 Main Street., Berlin, NH

    Listing date Apr 24, 2026

    MLS# 5085287 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.

    HighLights

    • 1.4‑acre property on Main Street with 2 parcels combined
    • More than 6,200 sq ft building with a front commercial space plus 4 additional units
    • 3 units have access to covered rear porches; one tenant currently uses all three two‑bedroom units
    • Maintenance items include freshly painted exterior, new storage shed, standby generator, and extensive video surveillance camera system
    • Heating system: steam and oil; water source is public; cable available
    • Built in 1890 with wood frame clapboard exterior, shingle roof, and vinyl/carpet/hardwood flooring

    Overview

    This for-sale mixed-use property includes a well-maintained building with a front commercial space and four residential units. The building contains approximately 6,267 square feet of living space and is configured with a storefront that is currently occupied by “Creative Native,” with the understanding that inventory will be removed at sale and the space will be available for commercial use again or potentially transferred into another apartment. In addition to the storefront, there are four units, including three two-bedroom units and an owner-occupied unit. Three of the units have access to covered porches in the rear, while the owner’s living quarters includes direct entry to the garage.

    The property is located at 115/117 Main Street in Colebrook, New Hampshire. The 1.4-acre lot is comprised of two parcels combined and sits in the center of town, with the commercial space facing Main Street and the residential entries supported by rear covered porch access.

    For buyers or operators, the asset offers a practical combination of ground-floor retail flexibility and on-site rental housing. The current tenancy includes a tenant using three of the two-bedroom units, and that tenant will be moving upon sale. Property maintenance and updates include a new storage shed, freshly painted exterior, a standby generator, and an extensive video surveillance camera system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm 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
    -71.49743815
    Latitude
    44.89400177

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    FAQs

    What type of property is this?
    Apartment building - Mixed-use building on Main Street with a ground-floor storefront and four residential units on a 1.4-acre lot.
    Where is this apartment building located?
    The property is located at 115/117 Main Street Colebrook, NH.
    What is the asking price?
    The asking price for this property is $597,000.
    What are key features of this property?
    This property features: 1.4‑acre property on Main Street with 2 parcels combined; More than 6,200 sq ft building with a front commercial space plus 4 additional units; 3 units have access to covered rear porches; one tenant currently uses all three two‑bedroom units
    (603) 752-0003
    We can help!
    Listing Contact
    Francine Rancourt
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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.

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