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    Versatile Automotive and Retail Land Title is generated by Realmo AI

    237 Main St, Plaistow, NH 03865

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    Claim this Listing
    For Sale
    $2,795,000

    4.68 acres in established automotive corridor, ideal for investors.

    Type:Commercial
    Property size:
    772 SF
    Lot size:
    4.68 Acres
    Price / SF:
    $3,620/SF
    Added:
    May 20, 2026
    Days on Market:
    8
    Last Refresh:
    May 20 at 10:06 am

    Property Features for 237 Main St

    General Information

    Standard status
    Active
    Size
    772 SF
    Lot size
    4.68 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Doug Martin
    Doug Martin

    Listing agent Doug Martin License #065638

    Listing office Colliers - Manchester, New Hampshire

    Listing date May 20, 2026

    Source Elliman

    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 Colliers - Manchester, New Hampshire

    HighLights

    • 4. 68 acres of flat, usable land with 290+ ft of frontage on State Road 121A.
    • Licensed for both auto salvage and auto sales.
    • Includes a 3,955 SF shop with 2,000+ SF finished unheated second floor, multiple overhead doors, lifts, and equipment.
    • Convenient access to Interstate 495, Route 101, and Interstate 93.
    • Large rectangular lot with extensive space for parking, vehicle/equipment storage, outdoor operations, and future expansion; fenced rear area.
    • Includes a 1,128 SF residential house for potential rental income or on‑site living.

    Overview

    This commercial property features 4.68 acres of flat, usable land situated in an established automotive and retail corridor. The property benefits from over 290 feet of frontage on State Road 121A, with convenient access to Interstate 495, Route 101, and Interstate 93. Currently operating as an automotive site, the property is licensed for both auto salvage and auto sales. This presents an opportunity for automotive users, contractors, investors, or industrial businesses. The rectangular lot provides space for parking, vehicle or equipment storage, outdoor operations, and future expansion. The property includes an open sales lot in the front and a fully fenced rear area for secure storage and operations. The expansive outdoor area in the back features a hard-packed gravel surface designed for heavy vehicle traffic, equipment storage, and year-round use. Property improvements include a 772 square foot office building and a 3,955 square foot shop with an additional 2,000+ square foot finished unheated second floor. The shop is equipped with multiple overhead doors, many lifts, and included equipment. A 1,128 square foot residential house is also included, providing potential supplemental rental income or on-site living accommodations.
    Location Intelligence

    Current Use by Public Records

    Chaya Brothers Auto ... Car Dealership

    Suggested Use

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

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

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 95 Plaistow Rd, Plaistow, NH 03865
    • Econosave Automobile Leasing & Rentals — 95 plaistow rd # 208, plaistow, nh 03865
    • Mac's Auto World — 14 Danville Rd D, Plaistow, NH 03865

    Location Insight

    • Map
    • Local Demand
    City
    Plaistow
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.1098651
    Latitude
    42.855704

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    FAQs

    What type of property is this?
    Automotive property - 4.68 acres in established automotive corridor, ideal for investors.
    Where is this automotive property located?
    The property is located at 237 Main St Plaistow, NH.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: 4. 68 acres of flat, usable land with 290+ ft of frontage on State Road 121A.; Licensed for both auto salvage and auto sales.; Includes a **3,955 SF shop with 2,000+ SF finished unheated second floor, multiple overhead doors, lifts, and equipment.**
    (603) 232-8282
    We can help!
    Listing Contact
    Doug Martin
    Doug Martin
    Real Estate License ID: 065638
    Learn More
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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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