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    Property profile & analytics

    18 Main St Gilsum, NH 03448

    • Showrooms
    • 3,541 SF
    • 0.21 lot acres
    For Lease
    View listing
    $1,000 /Mo
    Value Estimations
    $275,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0414377
    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

    • Showrooms

    Property Details for 18 Main St

    Year built
    1828
    Lot size
    0.21 lot acres
    Property size
    3,541 SF
    Zone code
    VILLAG
    Property type
    Showrooms
    APN
    GILS M:00407 B:000051 L:000000
    APU
    GILSM00407B000051L000000

    Description

    This exceptional 1,470 square foot commercial property, situated on 0.21 acres at 18 Main Street in Gilsum, New Hampshire, presents a remarkable opportunity for a variety of businesses. Located in the heart of Gilsum's charming village center, this space boasts excellent visibility and high foot traffic, ensuring maximum exposure for your enterprise. The open floor plan allows for easy customization to suit your specific needs, whether you envision a retail store, cafГ©, deli, or specialty shop. The property includes a significant advantage: an eight-door walk-in cooler, a fully equipped kitchen, and a convenient loading dock. A built-in counter is also present, ready for immediate use. This turnkey solution minimizes upfront investment and allows you to focus on establishing your business. The property's prime Main Street location within the vibrant Gilsum community offers a unique blend of accessibility and New England charm, creating an ideal environment to attract customers and build a thriving business. Don't miss this chance to secure a thriving commercial space in a desirable New Hampshire town. The asking price is $1300.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $243,000
      Market price range: $244k - $687k

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilsum
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.2639
    Latitude
    43.048
    CBSA code
    28300
    CBSA name
    KEENE, NH MICROPOLITAN 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
    $4,987
    $43,200
    $148,400
    $191,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      4,535 SF

      27 Main St

      SHOW ROOM, WAREHOUSE • 4,535 SF
      27 Main St, Gilsum, NH 03448-7505
      View Details
    • Value Estimation
      $310,000
      3,994 SF

      626 Rte 10

      SHOW ROOM, WAREHOUSE • 3,994 SF
      626 Rte 10, Gilsum, NH 03448
      View Details
    • Value Estimation
      $265,000
      996 SF

      178 Hammond Holw Rd

      SHOW ROOM, WAREHOUSE • 996 SF
      178 Hammond Holw Rd, Gilsum, NH 03448
      View Details
    • Value Estimation
      $235,000
      2,764 SF

      73 Alstead Hl Rd

      SHOW ROOM, WAREHOUSE • 2,764 SF
      73 Alstead Hl Rd, Gilsum, NH 03448-7400
      View Details
    • Value Estimation
      $235,000
      2,760 SF

      678 Rte 10

      SHOW ROOM, WAREHOUSE • 2,760 SF
      678 Rte 10, Gilsum, NH 03448-7502
      View Details
    • Value Estimation
      $695,000
      44,065 SF

      768 Rte 10

      SHOW ROOM, WAREHOUSE • 44,065 SF
      768 Rte 10, Gilsum, NH 03448-7503
      View Details

    Similar Nearby for Sale

    • $375,000
      4,200 SF

      Gilsum Commercial Building - Route 10

      Prime Commercial Space, High Visibility Location
      626 Route 10, Gilsum, NH 03448
      View Details
    • $350,000

      Renovated Multi-Use Commercial Building

      Renovated commercial building near Keene with office and studio space.
      626 Route 10, Gilsum, NH 03448
      View Details
    • $169,900
      13.15 Acres

      Secluded Land Parcel with Views

      13.15-acre parcel with mature trees and distant mountain views.
      4 Belvedere Rd, Gilsum, NH 03448
      View Details
    • $249,000
      1,267,596.00 Acres

      Wooded Acreage in Gilsum, NH

      29.1 acres of wooded land, excellent hunting, potential views.
      29&31 White Brk Rd, Gilsum, NH 03448
      View Details
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    18 Main St
    Gilsum, NH 03448
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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.

    More about this property
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