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    Drive-In Garage Workshop Space Title is generated by Realmo AI

    41 Goboro Road, Epsom, NH 03234

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    For Lease
    $750/Mo $8 SF/Yr (calc)

    Unheated drive-in garage unit offers flexible storage and workshop use with convenient access to major routes.

    Property size:
    1,024 SF
    Added:
    Jul 18, 2025
    Days on Market:
    323
    Last Refresh:
    Jun 5 at 1:50 am

    Property Features for 41 Goboro Road

    General Information

    Standard status
    Active
    Size
    1,024 SF

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Chris Norwood

    Listing office NAI Norwood Group

    Listing date Jul 18, 2025

    Source Williamson-group

    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 NAI Norwood Group

    HighLights

    • 1,025 SF drive‑in garage unit available for lease at $750 per month, plus utilities
    • Unheated space suited for uses such as auto work, workshop, cold storage, or general storage
    • Drive‑in garage layout has supported past uses including welding shop, drywall company, and antique car storage
    • Convenient access just off a lighted intersection
    • Minutes to Epsom Traffic Circle, Route 4, I‑93, and I‑393

    Overview

    This 1,025 SF drive-in garage unit is available for lease and features a practical overhead/drive-in style layout designed for hands-on work and bulk storage. The space is unheated, which can help support a range of applications that don’t require climate control. Utilities are in addition to rent, and the property has a track record of use by tenants including a welding shop, drywall company, off-road Jeep modification service, and antique car storage.

    The property is located just off a lighted intersection, providing straightforward ingress and egress for day-to-day operations. It is only minutes from the Epsom Traffic Circle, Route 4, I-93, and I-393, supporting convenient connectivity for staff, deliveries, and service calls.

    Well-suited for tenants seeking a drive-in garage configuration for auto work, a workshop, cold storage, or general storage, this unit can fit a variety of light industrial needs. Since the space is unheated, it’s particularly aligned with uses that can operate effectively without temperature control.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Auto Repair Shop Gym & Fitness Center Auto Parts Store Skin Care Clinic Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Epsom
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.3536167
    Latitude
    43.2278494

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      Specialty Property for Lease

      Well-situated off major routes for convenient access, with a straightforward drive-in location on Goboro Road.
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    • Contact for pricing
      1,025 SF

      Epsom Drive-In Garage Unit

      1,025 SF garage unit for lease in Epsom, NH.
      41 Goboro Rd, Epsom, NH 03234
      View Details

    FAQs

    What type of property is this?
    Flex space - Unheated drive-in garage unit offers flexible storage and workshop use with convenient access to major routes.
    Where is this flex space located?
    The property is located at 41 Goboro Road Epsom, NH.
    What is the lease rate?
    The lease rate is $750 /Mo.
    What are key features of this property?
    This property features: 1,025 SF drive‑in garage unit available for lease at $750 per month, plus utilities; Unheated space suited for uses such as auto work, workshop, cold storage, or general storage; Drive‑in garage layout has supported past uses including welding shop, drywall company, and antique car storage
    We can help!
    Listing Contact
    Chris Norwood
    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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