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    Retail and Office Flex Unit Title is generated by Realmo AI

    609 Main Street, Gorham, NH 03581

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    COMMERCIAL - Gorham, NH

    Property size:
    1,600 SF
    Lot size:
    0.72 Acres
    Added:
    Feb 17, 2025
    Days on Market:
    472
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 609 Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CB
    Standard status
    Active
    Lot size
    0.72 Acres

    Utilities

    Utilities
    Propane
    Water source
    Public

    We can help!

    Listing Contact
    Don Lapointe

    Listing agent Don Lapointe

    Listing office Badger Peabody & Smith Realty 603 Main Street, Franconia, NH

    Listing date Feb 17, 2025

    MLS# 5029574

    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.

    HighLights

    • 4‑unit retail building on high‑traffic Route 16 (Berlin/Gorham Road) in Gorham, NH
    • Unit D available for lease: 1,600 SF total—1,180 SF office/warehouse and 420 SF warehouse/garage
    • Propane utilities; water source is public
    • Set on a 0.72‑acre lot with 190' road frontage and ample parking
    • Other tenants include a beauty salon, Miracle Ear, and Ski Local Sports Shop

    Overview

    Available for lease is Unit D in a very nice four-unit retail building with a layout that can support both customer-facing use and light warehouse activity. The space totals 1,600 sft, including 1,180 sft configured as office/warehouse and an additional 420 sft that is warehouse/garage. High visibility is a key attribute of the available unit within the building.

    The property is situated on a 0.72-acre lot with 190' of road frontage and ample parking. The building is located on Route 16 (Berlin/Gorham Road) in Gorham, NH, described as a high-traffic commercial corridor. Other tenants in the building include a beauty salon, Miracle Ear, and a ski local sports shop.

    Unit D can be a practical fit for operators seeking a mixed-use setup with both office and storage/garage components while benefiting from retail visibility and convenient on-site parking. The CB zoning designation provides a commercial framework for businesses looking to combine storefront presence with functional back-of-house space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.19326381
    Latitude
    44.43229073

    Nearby Similar for Lease

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      Restaurant-Friendly Retail Space

      Versatile leased space with two private entrances and a private bathroom, plus access to an on-site kitchen area.
      152 Main Street, Gorham, NH 03581
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      Flex Building with Pass-Through Bay

      Flexible commercial building with office space, restrooms, and a converted drive-through service bay with tall overhead doors.
      177 Main Street, Gorham, NH 03581
      View Details
    • $8 SF/Yr

      Versatile Commercial Property Available

      Spacious property with open floor plan and drive-thru garage.
      177 Main St, Gorham, NH 03581
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    • $2,400/Mo
      1,600 SF

      Retail/Office Space on High-Traffic Route

      Four-unit retail building with high visibility and ample parking.
      609 Main Street D, Gorham, NH 03581
      View Details

    FAQs

    What type of property is this?
    Flex space - Lease Unit D in a four-unit building with high-visibility retail/office layout, office-warehouse space, and garage access.
    Where is this flex space located?
    The property is located at 609 Main Street Gorham, NH.
    What are key features of this property?
    This property features: 4‑unit retail building on high‑traffic Route 16 (Berlin/Gorham Road) in Gorham, NH; Unit D available for lease: 1,600 SF total—1,180 SF office/warehouse and 420 SF warehouse/garage; Propane utilities; water source is public
    (603) 444-1294
    We can help!
    Listing Contact
    Don Lapointe
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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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