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    Retail Drug Store with Drive-Thru Title is generated by Realmo AI

    41 Carroll St, Pittsfield, NH 03263

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    For Sale
    $1,900,000

    Former Rite Aid building offering multiple curb cuts and drive-thru access for a flexible retail tenant layout.

    Type:Retail
    Property size:
    10,500 SF
    Price / SF:
    $180/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 1:59 am

    Property Features for 41 Carroll St

    General Information

    Standard status
    Active
    Size
    10,500 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Christian Stallkamp
    Christian Stallkamp

    Listing agent Christian Stallkamp License #064644

    Listing office The Boulos Company

    Listing date Jun 3, 2026

    Source Boulos

    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 The Boulos Company

    HighLights

    • 10,500± SF former Rite Aid building (built 1998) for sale or lease
    • 4 curb cuts provide multiple vehicle access points
    • Drive‑thru access supports flexible retail or service layouts
    • Existing drive‑thru monument signage and building signage
    • Monument and building signage available for tenant branding

    Overview

    This is a former Rite Aid retail building totaling approximately 10,500± square feet, available for sale or lease. The property features existing drive-thru improvements and monument and building signage, supporting customer recognition and ease of wayfinding. The site also includes four curb cuts, which provides multiple access points and can simplify customer flow for retail operations.

    The property is located at 41 Carroll St in Pittsfield, NH 03263. The combination of prominent signage and multiple vehicle access points is designed to serve passing traffic efficiently, while the drive-thru configuration can support both quick-serve and in-line service styles depending on tenant needs.

    For retailers and related service users looking for an established commercial building with drive-thru infrastructure, this asset offers a practical starting point. The presence of four curb cuts and on-site signage can help reduce friction at arrival and support a straightforward customer experience. As a former drug store, the building may align well with concepts that benefit from a retail storefront layout and direct exterior access for customers.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $189.0k $18.00
    − Vacancy −$14.2k −$1.35
    EGI $174.8k $16.65
    − OpEx −$52.4k −$5.00
    NOI $122.4k $11.66
    10,500 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.75M
    $1.53M – $2.04M (±1% cap)
    NOI $122,377 @ 7.0% cap · market cap 6.44%
    Second Best
    Specialty Retail
    $1.23M
    $1.08M – $1.43M (±1% cap)
    NOI $86,073 @ 7.0% cap · market cap 4.53%
    Theoretical Best
    Office A
    $2.73M
    $2.39M – $3.19M (±1% cap)
    NOI $191,379 @ 7.0% cap · market cap 10.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy higi Physician Redbox Cinema LibertyX Bitcoin ATM Atm Western Union Bank

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Similar Places Nearby

    • Rite Aid Pharmacy — 41 Carroll St, Pittsfield, NH 03263

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.3234449
    Latitude
    43.3059946

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    FAQs

    What type of property is this?
    Drug store - Former Rite Aid building offering multiple curb cuts and drive-thru access for a flexible retail tenant layout.
    Where is this drug store located?
    The property is located at 41 Carroll St Pittsfield, NH.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 10,500± SF former Rite Aid building (built 1998) for sale or lease; 4 curb cuts provide multiple vehicle access points; Drive‑thru access supports flexible retail or service layouts
    (603) 828-3818
    We can help!
    Listing Contact
    Christian Stallkamp
    Christian Stallkamp
    Real Estate License ID: 064644
    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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