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    264 Main St Unit 7 Lincoln, NH 03251

    View on Map
    New
    For Lease
    $19 SF/Yr $2,169/Mo (calc)

    Premium, High Foot & Vehicle Traffic, Multi-Use Retail, Office or Other Business Condo For Lease

    Property size:
    1,370 SF
    Added:
    Apr 26, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 26 at 7:14 pm

    Property Features for 264 Main St Unit 7

    General Information

    Standard status
    Active
    Property type
    Retail properties & Spaces
    Size
    1,370 SF
    Class
    A
    Total Parking Spaces
    75
    Elevators
    No
    Rate Type
    Yearly

    Building Details

    Year Built
    1985
    Year Renovated
    2017
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Steve Turner

    Listing agent Steve

    Listing office

    Listing date Apr 26, 2026

    Overview

    Iconic Depot Plaza Retail Condo

    Located in the Iconic Depot Plaza on the Kancamagus Scenic Highway in Lincoln, New Hampshire, this multi-use condo is available for lease. The 1370-square-foot space is suitable for retail, office, or other business purposes. The interior, in like-new condition, features a reception area, office spaces separated by half-walls, a conference room, a primary executive office, a break area, and storage. It also includes one half-bath. The property benefits from high vehicle traffic on Route 112, which connects Lincoln to North Conway, as well as local foot traffic generated by multiple restaurants, a salon, a candy store, a coffee shop, and a real estate company. The space offers lots of light and incredible visibility through two oversized picture windows. Additional features include central air conditioning, video cameras, and single-floor access with zero steps. Heat is included in the triple net lease. The property is in move-in condition and is located one minute from South Peak Resort Community and Loon Mountain, and two minutes from the center of town. It was formally a State Farm Insurance office.
    Location Intelligence

    Current Use by Public Records

    Mountain Thrift and Coffee Cafe & Coffee Shop Paper Mill Market Take-out & Catering The Frawley Group Real Estate Agency Susan Chenard Realtor Real Estate Agency Susan Chenard, Loon ... Real Estate Agency

    Suggested Use

    Law Firm Dental Office Big Box & Wholesale Store Spa & Massage Center Hair Salon Nail Salon Auto Parts Store Pharmacy Kitchen & Bath Showroom Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Grafton
    State
    New Hampshire
    Longitude
    -71.6857186
    Latitude
    44.0478988

    FAQs

    What type of property is this?
    Retail property - Premium, High Foot & Vehicle Traffic, Multi-Use Retail, Office or Other Business Condo For Lease
    Where is this retail property located?
    The property is located at 264 Main St Unit 7 Lincoln, NH.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    (603) 380-0740
    We can help!
    Listing Contact
    Steve Turner
    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.

    More about this property
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