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    Property profile & analytics

    230 Main St Gorham, NH 03581

    • Office buildings
    • 5,654 SF
    • 1.20 lot acres
    For Sale
    View listing
    $498,900
    Value Estimation
    Location Intelligence
    Property ID
    US58-0134758
    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

    • Office buildings

    Property Details for 230 Main St

    Year built
    1880
    Construction
    FRAME
    Lot size
    1.20 lot acres
    Property size
    5,654 SF
    Zone code
    CA
    Property type
    Office buildings
    APN
    GORH M:U6 L:37
    APU
    GORHMU6L37

    Description

    This exceptional commercial property at 230-232 Main Street in Gorham, NH, presents a unique investment opportunity. Situated on a 1.2-acre lot directly on busy Routes 16 and 2, next to McDonald's, this two-story building boasts 8,932 square feet of space. The main floor features multiple office spaces, with half currently leased to an established tenant. Upstairs, a cozy one-bedroom apartment provides additional income potential. This apartment is currently partially finished, offering significant upside for expansion into more living space or additional office areas. The property includes ample parking in both the front and rear, with a large backyard extending to the Androscoggin River. Its convenient location offers easy access to local trails and the attractions of the North Country and White Mountains, making it ideal for a variety of businesses. The high visibility and established tenant base make this a strong investment with significant potential for growth and increased revenue. The combination of commercial and residential space provides a diversified income stream, making it an attractive option for savvy investors seeking a property with both immediate and long-term returns. The large lot and river access add to the property's overall appeal and potential for future development.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $375,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $315,000
      Mixed-Use
      $330,000
      Hospitality
      $340,000
      Educational
      $340,000
      Residential Income
      $315,000
      Energy
      $320,000
      Income-Based Land
      $350,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.1865
    Latitude
    44.3931
    CBSA code
    13620
    CBSA name
    BERLIN, NH-VT 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
    $7,387
    $149,800
    $151,100
    $300,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      3,553 SF

      40 Exchange St

      OFFICE BUILDING • 3,553 SF
      40 Exchange St, Gorham, NH 03581-1604
      View Details
    • Value Estimation
      $310,000
      1,026 SF

      1 Madison Ave

      OFFICE BUILDING • 1,026 SF
      1 Madison Ave, Gorham, NH 03581-1106
      View Details
    • Value Estimation
      $240,000
      8,812 SF

      16 Exchange St

      OFFICE BUILDING • 8,812 SF
      16 Exchange St, Gorham, NH 03581-1604
      View Details
    • Value Estimation
      $310,000
      1,728 SF

      78 Main St

      OFFICE BUILDING • 1,728 SF
      78 Main St, Gorham, NH 03581-1632
      View Details
    • Value Estimation
      $320,000
      4,025 SF

      315 Main St

      OFFICE BUILDING • 4,025 SF
      315 Main St, Gorham, NH 03581
      View Details
    • Value Estimation
      $255,000
      3,446 SF

      177 Main St

      OFFICE BUILDING • 3,446 SF
      177 Main St, Gorham, NH 03581-1658
      View Details

    Similar Nearby for Sale

    • $800,000
      0.94 Acres

      Commercial Building in Gorham, NH

      Well-maintained commercial building suitable for office, healthcare, or retail.
      355 Main St, Gorham, NH 03581
      View Details
    • $800,000
      8,026 SF

      Gorham Office Building - Main Street

      Prime Gorham Office Space, High Traffic Area
      355 Main St, Gorham, NH 03581
      View Details
    • $498,900
      1.20 Acres

      Commercial Property on Busy Route

      Two-story commercial building with office spaces and apartment.
      230 Main St, Gorham, NH 03581
      View Details
    • $324,900
      4,116 SF

      Gorham, NH Commercial Space

      Versatile 4,116 sq ft building, 0.42 acres
      1 Wentworth Ave, Gorham, NH 03581
      View Details
    • $199,900
      2,151 SF

      Spacious Multi-Family Home

      Two-story multi-family home with updated features and ample parking.
      31 Glen Rd, Gorham, NH 03581
      View Details
    • $3,600,000

      Self-Storage Portfolio For Sale

      Self-storage portfolio available for purchase in Gorham, New Hampshire.
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    Similar Nearby for Lease

    • Contact for pricing
      31,363 SF

      Retail Space on High-Traffic Route

      Four-unit retail building with high visibility and ample parking.
      609 Main St, Gorham, NH 03581
      View Details
    • Contact for pricing
      27,000 SF

      Mountain Valley Plaza Retail Space

      Gorham, NH Strip Center - 27,000 SF
      491 Main St, Gorham, NH 03581
      View Details
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    Gorham, NH 03581
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    Realmo Value Estimation

    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.

    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.

    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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