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    Truck or Body Shop Manufacturing Suite Title is generated by Realmo AI

    166 W Main Street, Hillsborough, NH 03244

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    COMMERCIAL - Hillsborough, NH

    Property size:
    4,400 SF
    Lot size:
    4.80 Acres
    Added:
    Dec 5, 2025
    Days on Market:
    180
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 166 W Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    COMM-W
    Standard status
    Active
    Lot size
    4.80 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1966

    We can help!

    Listing Contact
    Krissy LaPorte

    Listing agent Krissy LaPorte

    Listing office Keller Williams Realty-Metropolitan 168 South River Rd., Bedford, NH

    Listing date Dec 5, 2025

    MLS# 5071342

    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

    • 4,400+/- SF commercial manufacturing/truck/body shop suite (Suite F) on busy West Main St (NH Route 149) in Hillsborough, NH
    • 14' o/h doors plus paved parking and an adjacent loading dock for large vehicles
    • Office space with HVAC and a restroom, along with paint/parts storage
    • Devilbiss paint booth (or clean room) plus three‑phase power, compressed air, and waste oil and FHW heating
    • Covered outdoor storage and additional storage or merchandising space available
    • Unit F can be paired with adjacent Unit H (4,000+/- SF) for a combined 8,400+/- SF with high ceilings, LED lighting, HVAC, and a loading dock

    Overview

    Suite F is a large commercial manufacturing unit suited for truck or body shop operations, with four 14’ overhead doors. The space is described as deep and wide, and includes an office with HVAC, a restroom, and paint/parts storage. Improvements and equipment noted include a Devilbiss paint booth (or clean room), three-phase power, compressed air, and waste oil and FHW heating. The unit also offers covered outdoor storage, along with additional storage or merchandising space.

    The property is located on busy West Main Street (NH Route 149) in Hillsborough, NH, with over 10,000 cars passing daily. The location is across from a new 84-unit apartment complex, supporting visibility and access. Paved parking and an adjacent loading dock are available to support deliveries and service vehicle operations.

    For tenants needing loading access and vehicle-compatible overhead doors, Suite F provides the shop infrastructure and specialized paint booth capability outlined in the listing. The suite can also be paired with adjacent Unit H (4,000+/- SF), which features high ceilings, LED lighting, HVAC, and a loading dock, creating a larger combined opportunity. Lease rate includes all utilities, which may simplify budgeting for eligible users seeking a self-contained shop environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.90678055
    Latitude
    43.10956819

    Nearby Similar for Lease

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      Retail Space in Rivers Edge

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    FAQs

    What type of property is this?
    Manufacturing property - Large suite with 14’ overhead doors, adjacent loading dock, and paint booth for truck, body shop, and manufacturing uses.
    Where is this manufacturing property located?
    The property is located at 166 W Main Street Hillsborough, NH.
    What are key features of this property?
    This property features: 4,400+/- SF commercial manufacturing/truck/body shop suite (Suite F) on busy West Main St (NH Route 149) in Hillsborough, NH; 14' o/h doors plus paved parking and an adjacent loading dock for large vehicles; Office space with HVAC and a restroom, along with paint/parts storage
    (603) 232-8282
    We can help!
    Listing Contact
    Krissy LaPorte
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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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