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    Restaurant-Friendly Retail Space Title is generated by Realmo AI

    152 Main Street, Gorham, NH 03581

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    COMMERCIAL - Gorham, NH

    Property size:
    1,600 SF
    Lot size:
    0.74 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    79
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 152 Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CA
    Standard status
    Active
    Lot size
    0.74 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Jennifer Stewart

    Listing agent Jennifer Stewart

    Listing office RE/MAX Northern Edge Realty LLC 232 Glen Ave., Berlin, NH

    Listing date Mar 18, 2026

    MLS# 5079717

    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

    • Approximately 1,600 sq. ft. of versatile commercial space available for lease
    • Two private entrances plus a bathroom to support flexible business layouts
    • Lease rate is $1,800 per month and includes heat, electricity, hot water, and parking
    • Current owners will continue to operate and use the kitchen area; remaining space is available for various business uses
    • Utilities include cable available; water source is public

    Overview

    Approximately 1,600 sq. ft. of versatile commercial space is available for lease. The current owners will continue to operate and use the kitchen area, while the remaining portion of the premises is available for a variety of business uses. The space includes two private entrances and a bathroom, supporting a flexible layout that can be configured around your workflow.

    Located at 152 Main Street in Gorham, NH, the property provides convenient, street-level access for customers and staff. The lease terms include heat, electricity, hot water, and parking, which can help simplify operating costs and day-to-day budgeting.

    This setup can be a practical fit for businesses that want retail or service space paired with ongoing kitchen access managed on-site. With two separate entrances, the unit supports different use patterns and operational needs, while the included utilities and parking offer operational convenience for tenants looking for a functional, turn-key environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Flourish Foliage Co — 115a Main St, Gorham, NH 03581

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.18076733
    Latitude
    44.39021

    Nearby Similar for Lease

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      Versatile Commercial Property Available

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      Retail/Office Space on High-Traffic Route

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      Retail Space on High-Traffic Route

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    FAQs

    What type of property is this?
    Storefront property - Versatile leased space with two private entrances and a private bathroom, plus access to an on-site kitchen area.
    Where is this storefront property located?
    The property is located at 152 Main Street Gorham, NH.
    What are key features of this property?
    This property features: Approximately 1,600 sq. ft. of versatile commercial space available for lease; Two private entrances plus a bathroom to support flexible business layouts; Lease rate is $1,800 per month and includes heat, electricity, hot water, and parking
    (603) 752-0003
    We can help!
    Listing Contact
    Jennifer Stewart
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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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