Storefront Building with Display
For Sale
$355,000
47 Main Street, Ashland, NH 03217
Main Street storefront with basement storage, coolers, public utilities, and off-street parking.
Property Size1,800 SF
Price / SF$197.22
Days on Market218
Property Features for 47 Main Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1940
Buildings
1
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Hanover
Listed By:
Samantha Catterall
(802) 422-3600
Source:
Killingtonpicorealty
Added: Jan 25
Changed: Aug 29
Last Checked: Aug 30 at 6:21PM
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 KW Coastal and Lakes & Mountains Realty/Hanover
Investment Insights
Based on property information with market context.
This storefront property at 47 Main Street includes a 1,800-square-foot building constructed in 1940. The main level has large front display windows, a cooler, and space formerly occupied by a floral shop. A lower-level basement provides storage, a half bath, and a second cooler. The property is served by public water and sewer.
Off-street parking supports customer and staff access, with additional street parking available. The in-town setting places the building on Main Street in Ashland, with the address identified as 47 Main Street, Ashland, NH 03217. The existing layout and features support consideration of retail, service, office, studio, or creative uses as described for the property.
Off-street parking supports customer and staff access, with additional street parking available. The in-town setting places the building on Main Street in Ashland, with the address identified as 47 Main Street, Ashland, NH 03217. The existing layout and features support consideration of retail, service, office, studio, or creative uses as described for the property.
Key Highlights
- 1,800‑square‑foot storefront building constructed in 1940
- Large front display windows along Main Street
- Lower‑level basement with storage, half bath, and cooler
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,187
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$383,740
$383.7K
Cap Rate 7%
$274,100
$274.1K
Cap Rate 9%
$213,189
$213.2K
Market Conditions
NOI Build-Up for 1,800 SF
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.
Gross rent
$29.2K $16.20/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$27.4K $15.23/SF
− OpEx
−$8.2K −$4.57/SF
NOI
$19.2K $10.66/SF
Area
Grafton County, NH
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$383,740
Cap Rate 7%
$274,100
Cap Rate 9%
$213,189
Alternative Uses
Best Use
Retail
$274.1K
$239.8K – $319.8K
NOI $19,187 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.9K
$346.5K – $461.9K
NOI $27,716 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Dunkin' Donuts
Dining
11,100 visits/mo
0.4 miles
Mobil
Shops & Services
7,659 visits/mo
0.4 miles
Dollar General
Shops & Services
4,121 visits/mo
0.3 miles
Gulf Oil
Shops & Services
2,211 visits/mo
0.1 miles
Demographics for 03217, NH
1,938
Population
1,340
Households
1.4
Avg Household Size
47
Median Age
32%
College-Educated
92%
High-School Grad
11.2 sq mi
ZIP Area
173
Density / Sq Mi
$54,495
Median Household Income
$37,099
Median Earnings
$1,129
Median Rent
$188,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- The Fuchsia Peony — 47 Main St, Ashland, NH 03217
Frequently Asked Questions
What type of property is this?
Storefront property - Main Street storefront with basement storage, coolers, public utilities, and off-street parking.
Where is this storefront property located?
The property is located at 47 Main Street Ashland, NH.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 1,800‑square‑foot storefront building constructed in 1940; Large front display windows along Main Street; Lower‑level basement with storage, half bath, and cooler
