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    Dock-Ready Flex/Industrial Suite Title is generated by Realmo AI

    166 W Main Street, Hillsborough, NH 03244

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    COMMERCIAL - Hillsborough, NH

    Property size:
    4,000 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# 5071345

    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

    • Suite H offers 4,000+ SF of bright commercial workspace with high ceilings and great LED lighting.
    • Flexible layout with option to occupy one or two concrete floors; long two‑sided assembly/display benches and bins with shelving included.
    • Functional features include HVAC, paved parking, and a loading dock with a receiving bay and overhead door.
    • Electrical service includes 110, 220, and 208 three‑phase power plus compressed air for light manufacturing, assembly, trades, or storage.
    • Located on busy West Main Street (Route 149), about 0.5 miles from Routes 202 and 9.
    • Lease rate includes all utilities; adjoining office space available and Unit F may be paired for expansion (14' overhead doors, 20' ceilings).

    Overview

    Suite H offers a versatile commercial workspace with over 4,000 SF of clean, bright area and the flexibility to occupy one or two concrete floors. The space features high ceilings and strong LED lighting, along with HVAC for year-round comfort. Paved parking supports customer or employee access, and a loading dock with a receiving bay provides practical receiving and material handling.

    The layout includes long two-sided assembly or display benches and multiple commercial bins with shelving, which may remain or be removed based on your operational needs. Electrical service includes 110, 220, and 208 three-phase power, and the space is also set up with compressed air, supporting a range of light manufacturing, trades, production, distribution, or storage uses.

    The suite is located on busy West Main Street (Route 149), approximately half a mile from Route 202 and Route 9. Adjoining office space is available and can be configured to fit a variety of operational needs. A new 84-unit workforce housing development is just across the street, supporting access to potential employees. The space may also be paired with the adjacent Unit F for expansion, which includes 14-foot overhead doors and 20-foot ceilings, and the lease rate includes all utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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
    -71.90668399
    Latitude
    43.10975617

    Nearby Similar for Lease

    • Contact for pricing

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      Retail Space in Rivers Edge

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      Retail/Office Space on West Main

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    FAQs

    What type of property is this?
    Flex space - Versatile workspace with dock, receiving bay, HVAC, and three-phase power for light manufacturing, assembly, and storage.
    Where is this flex space located?
    The property is located at 166 W Main Street Hillsborough, NH.
    What are key features of this property?
    This property features: Suite H offers 4,000+ SF of bright commercial workspace with high ceilings and great LED lighting.; Flexible layout with option to occupy one or two concrete floors; long two‑sided assembly/display benches and bins with shelving included.; Functional features include HVAC, paved parking, and a loading dock with a receiving bay and overhead door.
    (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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