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    Railroad Depot-Style Retail Building Title is generated by Realmo AI

    12 Plains Road, Claremont, NH 03743

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    COMMERCIAL - Claremont, NH

    Property size:
    1,964 SF
    Lot size:
    0.97 Acres
    Added:
    Oct 17, 2023
    Days on Market:
    963
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for 12 Plains Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B2
    Rooms
    Basement
    Standard status
    Active
    Lot size
    0.97 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1910
    Building materials
    Wood Frame
    Roof type
    Metal, Membrane, Slate

    We can help!

    Listing Contact
    Brian Whipple
    Brian Whipple

    Listing agent Brian Whipple

    Listing office Coldwell Banker Homes Unlimited 112 Washington St., Claremont, NH

    Listing date Oct 17, 2023

    MLS# 4974399

    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

    • 1910 wood‑frame railroad depot‑style building
    • Main floor offers 1,964 SF of retail space
    • Lower level adds 1,255 SF of stone‑walled space (previous bar area)
    • Roof includes metal, membrane, and slate
    • Cable available; water source is public
    • 3‑phase power; former restaurant equipment remains including a 14‑ft exhaust hood and grease trap

    Overview

    This depot-style commercial building offers a classic storefront configuration with two finished levels. The main floor provides 1,964 sq ft of retail space, while the lower level adds 1,255 sq ft of stone-walled space that has been used for additional retail and was previously arranged as a bar area. The property also includes restaurant-related equipment on site, such as a 14-foot exhaust hood and grease trap. Three-phase power is available, supporting a range of operational needs.

    The building is located on Plains Road in Claremont, NH, directly beside the rail tracks. The property is described as being adjacent to the only Amtrak stop in New Hampshire, which can support visibility for retail activity. On-site parking is also noted in the remarks, and the property is positioned just minutes to town.

    Zoned B2, this space may be well suited for tenants looking for a street-accessible retail presence with flexible interior uses across two levels. The existing buildout, stone-walled lower space, and retained kitchen equipment can be advantageous for users who want to leverage prior improvements while tailoring the layout to their own concept.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Discount Store Grocery & Convenience Store Pet Grooming Service Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    Sullivan
    State
    New Hampshire
    Longitude
    -72.37758871
    Latitude
    43.36911188

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    FAQs

    What type of property is this?
    Storefront property - Depot-style retail building with two finished levels, including restaurant-grade equipment and available three-phase power.
    Where is this storefront property located?
    The property is located at 12 Plains Road Claremont, NH.
    What are key features of this property?
    This property features: 1910 wood‑frame railroad depot‑style building; Main floor offers 1,964 SF of retail space; Lower level adds 1,255 SF of stone‑walled space (previous bar area)
    (603) 542-2503
    We can help!
    Listing Contact
    Brian Whipple
    Brian Whipple
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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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