Retail Storefront Condo with
For Sale
$225,000
78 Main Street, Lincoln, NH 03251
Retail condo with parking and major banking adjacency, currently used for storage and requiring utilities for full use.
Property Size1,240 SF
Price / SF$181.45
Days on Market86
Property Features for 78 Main Street
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Listing Agency:
South Peak Real Estate
Listed By:
R.Stephen Loynd
(617) 510-4783
Source:
Lakesregionrealestate
Added: May 15
Changed: Jul 10
Last Checked: Aug 7 at 2:16AM
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 South Peak Real Estate
Investment Insights
Based on property information with market context.
This commercial condo at 78 Main Street is a retail storefront space currently used for storage. The seller notes the unit will need plumbing, heating, and electrical updates to operate as more than storage.
The opportunity is positioned for visibility along Kancamagus Scenic Highway (Route 112), located at a downtown traffic light in Lincoln, NH. The property has plenty of parking and abuts Citizen Bank and the Bank of New Hampshire.
For retailers looking to establish a presence in the Lincoln area, the space offers a workable storefront configuration pending the required utility upgrades. The complex also includes 14 units, with four already converted to residential use, which may appeal to buyers evaluating a potential residential conversion subject to applicable requirements.
The opportunity is positioned for visibility along Kancamagus Scenic Highway (Route 112), located at a downtown traffic light in Lincoln, NH. The property has plenty of parking and abuts Citizen Bank and the Bank of New Hampshire.
For retailers looking to establish a presence in the Lincoln area, the space offers a workable storefront configuration pending the required utility upgrades. The complex also includes 14 units, with four already converted to residential use, which may appeal to buyers evaluating a potential residential conversion subject to applicable requirements.
Key Highlights
- Retail/commercial condo at 78 Main Street in Lincoln, NH, built in 1985
- Route 112 visibility along Kancamagus Scenic Highway at a downtown traffic light
- Plenty of on‑site parking
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
$13,218
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
5.87%
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%
$264,360
$264.4K
Cap Rate 7%
$188,829
$188.8K
Cap Rate 9%
$146,867
$146.9K
Market Conditions
NOI Build-Up for 1,240 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
$20.1K $16.20/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$18.9K $15.23/SF
− OpEx
−$5.7K −$4.57/SF
NOI
$13.2K $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%
$264,360
Cap Rate 7%
$188,829
Cap Rate 9%
$146,867
Alternative Uses
Best Use
Retail
$188.8K
$165.2K – $220.3K
NOI $13,218 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.8K
$238.7K – $318.2K
NOI $19,093 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03251, NH
1,631
Population
2,722
Households
0.6
Avg Household Size
53
Median Age
42%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
25
Density / Sq Mi
$65,990
Median Household Income
$35,683
Median Earnings
$972
Median Rent
$312,000
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.
Frequently Asked Questions
What type of property is this?
Storefront property - Retail condo with parking and major banking adjacency, currently used for storage and requiring utilities for full use.
Where is this storefront property located?
The property is located at 78 Main Street Lincoln, NH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Retail/commercial condo at 78 Main Street in Lincoln, NH, built in 1985; Route 112 visibility along Kancamagus Scenic Highway at a downtown traffic light; Plenty of on‑site parking
