Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Level Wooded Lot For Sale Title is generated by Realmo AI

    1 West Main Street 233-1, Hillsborough, NH 03244

    View on Map
    Claim this Listing
    For Sale
    $189,000

    Commercial lot with road frontage suitable for various uses.

    Type:Lots/Land
    Added:
    Jan 8, 2025
    Days on Market:
    506
    Last Refresh:
    May 27 at 1:35 pm

    Property Features for 1 West Main Street 233-1

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Randolph Rush

    Listing agent Randolph Rush

    Listing office Regarding Real Estate LLC

    Listing date Jan 8, 2025

    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 Regarding Real Estate LLC

    HighLights

    • Level wooded lot suitable for commercial use
    • Right L zoning allows for diverse business applications
    • Permitted uses include day care, nursing homes, and churches
    • Zoning also allows business use, service trades, and light industry
    • Veterinary offices are also permitted
    • Great road frontage

    Overview

    This is a level, wooded lot suitable for commercial use. The property benefits from significant road frontage. Zoning regulations permit a variety of uses, including day care facilities, nursing homes, nurseries, churches, general business operations, service trades, light industry, and veterinary offices.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.8952738
    Latitude
    43.1148205

    Nearby Similar for Sale

    • $2,000,000
      4,080 SF

      Lakeside Compound with Income Potential

      Rare lakeside compound with cottage, duplex, and buildable lot.
      26 Pine Rock Road, Hillsborough, NH 03244
      View Details
    • $1,500,000

      Historic Farmhouse Bed and Breakfast

      Hillsborough farmhouse operating as a bed and breakfast and event venue.
      235 Windsor Road, Hillsborough, NH 03244
      View Details
    • $300,000
      5,180 SF

      Hillsborough Multi-Family Investment Opportunity

      Tenant-occupied, three-unit property in downtown Hillsborough.
      6 Depot Street, Hillsborough, NH 03244
      View Details
    • $2,000,000
      4,080 SF

      Lakeside Compound: Income and Legacy

      Rare lakeside compound with income potential on Franklin Pierce Lake.
      26 Pine Rock Road, Hillsborough, NH 03244
      View Details
    • $3,400,000

      Versatile Commercial Building on Route 149

      Income-producing property suitable for various business operations and redevelopment.
      166 West Main Street, Hillsborough, NH 03244
      View Details
    • $3,400,000

      Commercial Property with Extensive Features

      Equipped facility ideal for automotive, retail, warehouse, or industrial use.
      166 W Main Street, Hillsborough, NH 03244
      View Details
    • $17,000

      Land in Recreational Community

      Wooded lot near Gould Pond/Emerald Lake in Hillsborough, NH.
      Turtle Bridge Crossing, Hillsborough, NH 03244
      View Details
    • $12,500

      Land in Recreational Community

      Wooded lot near Gould Pond/Emerald Lake with recreational opportunities.
      Moccasin Trail, Hillsborough, NH 03244
      View Details
    • $1,500,000
      11,327 SF

      Former Rite Aid in Hillsborough

      Freestanding 11,327 SF building on 1.50-acre corner parcel.
      315 W Main St, Hillsborough, NH 03244
      View Details
    • $299,000

      Hillsborough NH Commercial Land

      Prime 6.06-acre commercial land parcel in Hillsborough, NH.
      0 West Main Street, Hillsborough, NH 03244
      View Details
    • $189,000

      Commercial Lot For Sale

      Commercial lot available; additional abutting acreage possible.
      West Main Street 233-1, Hillsborough, NH 03244
      View Details
    • $499,900

      Approved Building Lots Package

      Five approved building lots ready for construction in Hillsborough, NH.
      TBD Jones Road, Hillsborough, NH 03244
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot with road frontage suitable for various uses.
    Where is this commercial land located?
    The property is located at 1 West Main Street 233-1 Hillsborough, NH.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Level wooded lot suitable for commercial use; Right L zoning allows for diverse business applications; Permitted uses include day care, nursing homes, and churches
    (603) 554-6238
    We can help!
    Listing Contact
    Randolph Rush
    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 West Main Street 233-1, Hillsborough, NH 03244
    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!