Brick Storefront with Display
For Sale
$355,000
47 Main Street, Ashland, NH 03217
Commercial Sale, Ashland, NH
Property Size1,650 SF
Lot Size0.13 Acres
Price / SF$215.15
Days on Market208
Property Features for 47 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Rooms
Basement
Parking features
Off Street, On Street
Lot features
In Town, Near Shopping, City Lot, Major Road Frontage, Neighbor Business, Sidewalks
Standard status
Active
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4834
Utilities
Utilities
Phone Available
Water source
Public
Amenities
large front display windows
off-street parking
public water and sewer
basement
half bath
cooler
Building Details
Year built
1940
Building materials
Brick Exterior
Roof type
Shingle
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Hanover · Keller Williams Realty
(603) 610-8500
Listed By:
Samantha Catterall
(603) 610-8500
Added: Jan 26
Changed: Aug 20
Last Checked: Aug 22 at 2:06PM
MLS# 5074929
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick commercial storefront was built in 1940 and features large front display windows suited to retail merchandising. The property includes a lower-level basement with storage space, a half bath, and a cooler, along with a second cooler on the main level. Public water and sewer serve the building, and phone service is available.
Positioned on Main Street in Ashland, the property provides both off-street and on-street parking. The commercial zoning and existing configuration support retail, service, office, studio, or other creative business uses identified for the space.
Positioned on Main Street in Ashland, the property provides both off-street and on-street parking. The commercial zoning and existing configuration support retail, service, office, studio, or other creative business uses identified for the space.
Key Highlights
- Brick storefront constructed in 1940
- Large front display windows along Main Street
- 0.13‑acre commercial property in Ashland
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
$17,588
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
4.95%
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%
$351,760
$351.8K
Cap Rate 7%
$251,257
$251.3K
Cap Rate 9%
$195,422
$195.4K
Market Conditions
NOI Build-Up for 1,650 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
$26.7K $16.20/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$25.1K $15.23/SF
− OpEx
−$7.5K −$4.57/SF
NOI
$17.6K $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%
$351,760
Cap Rate 7%
$251,257
Cap Rate 9%
$195,422
Alternative Uses
Best Use
Retail
$251.3K
$219.9K – $293.1K
NOI $17,588 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.0K
$317.6K – $423.5K
NOI $25,407 @ 7.0% cap · market cap 7.16%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Fuchsia Peony — 47 Main St, Ashland, NH 03217
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with basement storage, coolers, 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: Brick storefront constructed in 1940; Large front display windows along Main Street; 0.13‑acre commercial property in Ashland
