Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    306 N Main St Rochester, NH 03867

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Community shopping center in a busy retail district.

    Property Features for 306 N Main St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Chris McMahon
    Source: Crexi

    Listing Agency: Summit Realty Partners Listing Agent: Chris McMahon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Community Shopping Center For Lease

    Spaulding Commons is a community shopping center with a size of 42,000 +/- square feet. The center is located in North Rochester, between exits 14 and 15 on the Spaulding Turnpike (RT 16). Situated on North Main Street, it benefits from being in one of Rochester’s busiest retail shopping districts, with nearby anchors including Hannaford Supermarket, Home Depot, and CVS Pharmacy. Major tenants within the center include Planet Fitness, Sun Tan City, H&R Block, WV Physical Therapy, The UPS Store, and Town Fair Tire. The expansion of the Spaulding Turnpike enhances visibility and provides convenient access to the property via a lighted intersection off exit 14. The facade, parking lot, and pylon have recently been renovated.
    Location Intelligence

    Current Use by Public Records

    Spaulding Commons Business Service Center The UPS Store Courier Service Sun Tan City Tanning Salon Town Fair Tire (Bike/Boat/Book/etc) Store Gel Pronails Nail Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel

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

    Similar Places Nearby

    Coinstar Kiosk - Bitcoin ATM, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.993844
    Latitude
    43.312092

    Nearby Similar for Lease

    • Contact for pricing
      43,560 SF

      Downtown Rochester Retail Space Available

      Prime retail space in the heart of downtown Rochester.
      65 Hanson St, Rochester, NH 03867
      View Details
    • $5 SF/Yr

      Rochester Flex Space Opportunity

      Versatile flex, R&D, lab, and office space for lease.
      35E Industrial Way, Rochester, NH 03867
      View Details
    • $7 SF/Yr

      Rochester Flex Space Opportunity

      Versatile flex, R&D, lab, and office space for lease.
      35 Industrial Way, Rochester, NH 03867
      View Details
    • $18 SF/Yr

      Retail Suites at Lilac Plaza

      Retail spaces for lease with upcoming renovations and upgrades.
      181-183B Wakefield St, Rochester, NH 03867
      View Details
    • $18 SF/Yr

      Retail Suites at Lilac Plaza

      Retail spaces for lease with planned renovations and upgrades.
      181-193B Wakefield St, Rochester, NH 03867
      View Details
    • $12 SF/Yr

      Rochester Office and Warehouse Space

      Office and warehouse space for lease in Rochester, NH.
      25 Old Dover Rd, Rochester, NH 03867
      View Details
    • $9 SF/Yr

      Rochester Warehouse and Office Space

      Warehouse and office units available for lease in Rochester, NH.
      25 Old Dover Rd, Rochester, NH 03867
      View Details
    • $11 SF/Yr

      Downtown Building with Flexible Layout

      Corner building with prime visibility and adaptable space.
      1 North Main St, Rochester, NH 03867
      View Details
    • $20 SF/Yr

      Retail Suites at Lilac Plaza

      Retail spaces for lease with planned renovations and upgrades.
      181-193B Wakefield St, Rochester, NH 03867
      View Details
    • $6 SF/Yr

      Rochester Commercial Space For Rent

      Centrally located commercial space with high visibility and ample parking.
      24 Signal St, Rochester, NH 03867
      View Details
    • $5 SF/Yr

      Rochester Flex, R&D, and Lab

      Office, flex, R&D, and lab leasing options available.
      35E Industrial Way, Rochester, NH 03867
      View Details
    • $18 SF/Yr

      Retail Suites at Lilac Plaza

      Retail spaces for lease with planned 2025 renovations.
      181-183B Wakefield St, Rochester, NH 03867
      View Details

    FAQs

    What type of property is this?
    Shopping center - Community shopping center in a busy retail district.
    Where is this shopping center located?
    The property is located at 306 N Main St Rochester, NH.
    What are key features of this property?
    This property features: - High-visibility location on North Main Street, a busy retail shopping district.; - Anchored by Hannaford Supermarket, Home Depot, and CVS Pharmacy.; - Convenient access via a lighted intersection off exit 14 from the Spaulding Turnpike (RT 16).
    Request Owner's contact information
    306 N Main St Rochester, NH 03867
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    306 N Main St
    Rochester, NH 03867
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    306 N Main St Rochester, NH 03867
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris McMahon
    Real Estate License ID: MA 9521925
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!