Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    166 W Main St Hillsborough, NH 03244

    • Commercial real estate
    • 43,351 SF
    • 4.80 lot acres
    For Sale
    View listing
    $3,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0141337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hoss Exhaust LLC / Auto Repair Shop
    • U-Haul Neighborhood Dealer / Car Rental Facility
    • chd outdoor power equipment / Auto Repair Shop
    • S C Auto Repairs / Auto Repair Shop

    Property Details for 166 W Main St

    Year built
    1966
    Lot size
    4.80 lot acres
    Property size
    43,351 SF
    Zone code
    COMM-W
    Property type
    Commercial real estate
    APN
    HLBO M:0011P B:000341 L:000000
    APU
    HLBOM0011PB000341L000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,950,000
      Market price range: $1.95M - $6.74M
      AI Estimate
      $2,208,000
      Market price range: $2.21M - $6.32M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.9071
    Latitude
    43.1096
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,985
    $274,900
    $237,100
    $512,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.84 Acres

      Main St

      Commercial real estate • 2.84 Acres
      Main St, Hillsborough, NH 03244
      View Details
    • Value Estimation by Request
      18.00 Acres

      Harvey Way

      Commercial real estate • 18.00 Acres
      Harvey Way, Hillsborough, NH 03244
      View Details
    • Value Estimation by Request
      550 SF

      10 Bobcat Blvd

      COMMERCIAL (GENERAL) • 550 SF
      10 Bobcat Blvd, Hillsborough, NH 03244
      View Details
    • Value Estimation by Request
      2,204 SF

      63 Henniker St

      SHOW ROOM, WAREHOUSE • 2,204 SF
      63 Henniker St, Hillsboro, NH 03244
      View Details
    • Value Estimation
      $725,000
      9,084 SF

      5 Municipal Dr

      SHOW ROOM, WAREHOUSE • 9,084 SF
      5 Municipal Dr, Hillsboro, NH 03244
      View Details
    • Value Estimation by Request
      1,944 SF

      12 Bear Hl Rd

      SHOW ROOM, WAREHOUSE • 1,944 SF
      12 Bear Hl Rd, Hillsboro, NH 03244-5504
      View Details

    Similar Nearby for Sale

    • $3,400,000
      70,519 SF

      Hillsborough Industrial Space - Main St.

      70,519 SF Warehouse, 4.8 Acres
      166 Main St, Hillsborough, NH 03244
      View Details
    • $499,000
      18.00 Acres

      Prime Hillsborough Commercial Land

      18 Acres, High Visibility, Development Ready
      Harvey Way, Hillsborough, NH 03244
      View Details
    • $700,000
      12,622 SF

      Hillsborough Commercial Property Investment

      7-Unit Multi-Family & Commercial Complex
      188 Main St, Hillsborough, NH 03244
      View Details
    • $199,000
      2.84 Acres

      Hillsborough Commercial Land Opportunity

      2.84 Acres, Zoned Commercial
      Main St, Hillsborough, NH 03244
      View Details
    • $199,900

      115 Acres on Piscataquog River

      115 wooded acres on the Piscataquog River.
      13 East Deering Rd, Deering, NH 03244
      View Details
    • $299,000

      Commercial Land Opportunity

      Six-acre commercial lot near Route 9.
      West Main St, Hillsborough, NH 03244
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      20,980 SF

      Rivers Edge Plaza: Hillsborough Retail Space

      Prime Hillsborough retail/industrial space available.
      15 Antrim Rd, Hillsborough, NH 03244
      View Details
    • $2,250 /Mo
      1,722 SF

      Retail/Office Space on West Main

      Freestanding retail/office space with high visibility and ample parking.
      335 W Main St, Hillsborough, NH 03244
      View Details
    • $1.24 SF/Yr

      Hillsborough Specialty Property Available

      Specialty property for rent at $11 in Hillsborough.
      460 West Main St, Hillsborough, NH 03244
      View Details
    • Contact for pricing
      209,088 SF

      Versatile Commercial Space in Hillsborough

      Commercial space ideal for auto repair, retail, or manufacturing.
      166 W Main St, Hillsborough, NH 03244
      View Details
    • $1.24 SF/Yr

      Commercial Land For Rent

      Commercial land available for rent.
      474 West Main St, Hillsborough, NH 03244
      View Details
    • Contact for pricing
      209,088 SF

      Versatile Commercial Workspace with Dock

      4,000 SF commercial space ideal for manufacturing, assembly, or storage.
      166 W Main St, Hillsborough, NH 03244
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    166 W Main St
    Hillsborough, NH 03244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.