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    Downtown Retail/Office Space with Parking Title is generated by Realmo AI

    242 N Main Street, Concord, NH 03301

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    COMMERCIAL - Concord, NH

    Property size:
    1,200 SF
    Lot size:
    0.27 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 242 N Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CU
    Standard status
    Active
    Lot size
    0.27 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Building materials
    Masonry, Vinyl Siding
    Roof type
    Slate

    We can help!

    Listing Contact
    Shannon Casey
    Shannon Casey

    Listing agent Shannon Casey

    Listing office KW Coastal and Lakes & Mountains Realty/Meredith 66 NH Route 25, Portsmouth, NH

    Listing date Mar 11, 2026

    MLS# 5078994

    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

    • Over 1,200 SF commercial space at 242 North Main Street in downtown Concord
    • Prominent North Main Street frontage for visibility and convenient customer access
    • Central Air and forced‑air heating
    • Slate roof; masonry and vinyl siding construction
    • Public water; phone available utilities
    • On‑site paved parking and a backyard area included with the leased space

    Overview

    242 N Main Street in Concord, New Hampshire offers a flexible storefront layout with prominent frontage on North Main Street. The space is described as over 1,200 square feet and has been used previously as a convenience store and international market, giving it a turnkey configuration that can support a range of retail, office, or service-oriented businesses.

    The property includes on-site paved parking for convenient customer access, along with an additional backyard area. Surrounding context is downtown-focused, with nearby shops, restaurants, offices, and services.

    Zoning is listed as CU, which can support a variety of commercial uses. This combination of street-facing visibility, dedicated parking, and outdoor backyard space may fit tenants looking for a practical downtown location with the ability to adapt the interior to their business model. Interested operators should review the specific space requirements and intended use against CU zoning and leasing terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    N Main Getty Factory ATM Atm Bitcoin Depot - Bitcoin ... Atm Concord Mart Grocery & Convenience Store

    Suggested Use

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

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

    Similar Places Nearby

    • Elegant Bloom Rentals — 75 S Main St, Concord, NH 03301
    • Cobblestone Design Company — 81 N Main St, Concord, NH 03301

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.5396794
    Latitude
    43.2136133

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    FAQs

    What type of property is this?
    Storefront property - Flexible storefront space with paved on-site parking and a backyard area, suitable for retail, office, or service use.
    Where is this storefront property located?
    The property is located at 242 N Main Street Concord, NH.
    What are key features of this property?
    This property features: Over 1,200 SF commercial space at 242 North Main Street in downtown Concord; Prominent North Main Street frontage for visibility and convenient customer access; Central Air and forced‑air heating
    (603) 610-8500
    We can help!
    Listing Contact
    Shannon Casey
    Shannon Casey
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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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