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    Historic Main Street Retail Building Title is generated by Realmo AI

    18-22 Main Street, Pittsfield, NH 03263

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    For Sale
    $249,900

    MULTI_FAMILY - Pittsfield, NH

    Property size:
    13,002 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $19/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 18-22 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    commercial
    Rooms
    Basement
    Standard status
    Active
    Size
    13,002 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6526

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1895
    Floors in Building
    4
    Number of units
    2
    Building materials
    Brick Exterior
    Roof type
    Flat, Membrane

    We can help!

    Listing Contact
    Ashley Gray

    Listing agent Ashley Gray

    Listing office RE/MAX Synergy One Constitution Drive, Goffstown, NH

    Listing date Jun 5, 2026

    MLS# 5093110 Listing URL

    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

    • Historic Union Block commercial building built in 1895 with brick exterior and landmark Main Street presence
    • Updated former Main Street Variety storefront set up as a convenience store space, with updates to finishes
    • Mini‑split heating and cooling systems for efficient climate control in the storefront area
    • Flat membrane roof and public utilities available, including public water and public sewer, plus cable available
    • Flexible interior includes a basement and can support multiple business types subject to town approvals

    Overview

    Union Block is a historic commercial building originally constructed in 1895, offered for sale as a versatile retail and mixed-use opportunity. The former Main Street Variety storefront has been updated and is currently configured for a convenience store layout. Recent improvements include updated finishes and efficient mini-split heating and cooling systems, supporting readiness for immediate commercial use.

    The property is located on Main Street in Pittsfield, New Hampshire, with a visible street presence appropriate for neighborhood retail and services. While the storefront portion has been improved, portions of the overall building will require rehabilitation and updating.

    This asset can be considered for a range of light commercial uses, including retail and office, as well as mixed-use or redevelopment concepts, subject to town approvals. For operators seeking a storefront with modernized interior systems while working within a historic exterior environment, the current convenience store setup provides a practical starting point. For investors, the building’s combination of updated storefront improvements and remaining rehabilitation needs supports thoughtful repositioning aligned with approved uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Pharmacy Kitchen & Bath Showroom

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

    Similar Places Nearby

    • The Fuchsia Peony at Pittsfield — 1009 Upper City Rd unit 1, Pittsfield, NH 03263

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.3286833
    Latitude
    43.305637

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    FAQs

    What type of property is this?
    Storefront property - Updated storefront in a historic Union Block building, suited for retail, office, or mixed-use concepts.
    Where is this storefront property located?
    The property is located at 18-22 Main Street Pittsfield, NH.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Historic Union Block commercial building built in 1895 with brick exterior and landmark Main Street presence; Updated former Main Street Variety storefront set up as a convenience store space, with updates to finishes; Mini‑split heating and cooling systems for efficient climate control in the storefront area
    (603) 647-8000
    We can help!
    Listing Contact
    Ashley Gray
    Request Owner's contact information
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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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