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    306 N Main St Rochester, NH 03867

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    306 N Main St Rochester, NH 03867

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    • Super regional malls
    • 46,610 SF
    • 3.43 lot acres
    For Lease
    $6,020,000
    View Listing →
    Community Shopping Center For Lease For Lease
    $6,020,000
    42,000 SF

    Community Shopping Center For Lease

    Community shopping center in a busy retail district.

    306 N Main St, Rochester, NH 3867
    View Listing
    Property ID
    US58-0269222
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spaulding Commons / Business Service Center / Corporate Office
    • The UPS Store / Courier Service / Postal Service
    • Sun Tan City / Tanning Salon
    • Town Fair Tire / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Gel Pronails / Nail Salon

    Property Details for 306 N Main St

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.43 lot acres
    Property size
    46,610 SF
    Zone code
    HC
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    RCHE M:0114 B:0001 L:0000
    APU
    RCHEM0114B0001L0000

    Description

    Spaulding Commons, located at 306 N Main St, Rochester, NH 03867, presents a compelling retail investment opportunity. This Class B strip center boasts a total of 42,000 square feet, situated on a 3.6-acre lot. The property offers multiple tenancy options, with spaces ranging from a minimum of 1,972 square feet to a maximum contiguous space of 5,015 square feet. Ample parking is provided with 165 spaces. The center enjoys a high-traffic location in North Rochester, strategically positioned between exits 14 and 15 of the Spaulding Turnpike (Route 16), a major thoroughfare. This area is known as one of Rochester's busiest retail districts, benefiting from the proximity to key anchors such as Hannaford Supermarket, Home Depot, and CVS Pharmacy. Current tenants include Planet Fitness, Sun Tan City, H&R Block, WV Physical Therapy, The UPS Store, and Town Fair Tire, establishing a strong existing tenant base. Recent improvements include extensive façade and parking lot renovations, as well as pylon upgrades, enhancing the center's curb appeal and visibility. The recent Spaulding Turnpike expansion further improves access and visibility via a well-lit intersection off exit 14. This property offers excellent visibility and convenient access for businesses seeking a thriving retail environment in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,130,000
      RESTAURANT
      $4,960,000
      COMMERCIAL (GENERAL)
      $4,320,000
      RETAIL STORES
      $3,950,000
      AUTO REPAIR, GARAGE
      $3,900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9953
    Latitude
    43.3132
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-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
    $64,242
    $617,400
    $1,878,400
    $2,495,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $27,440,000
      224,153 SF

      116 Farmington Rd

      REGIONAL SHOPPING CENTER, MALL • 224,153 SF
      116 Farmington Rd, Rochester, NH 03867-4352
      View Details
    • Value Estimation by Request
      6,862 SF

      66 Main St

      FINANCIAL BUILDING • 6,862 SF
      66 Main St, Rochester, NH 03867-2706
      View Details
    • Value Estimation by Request
      0.21 Acres

      2 Old Dover Rd

      SHOW ROOM, WAREHOUSE • 0.21 Acres
      2 Old Dover Rd, Rochester, NH 03867-3444
      View Details
    • Value Estimation by Request
      2,498 SF

      86 Washington St

      AUTO REPAIR, GARAGE • 2,498 SF
      86 Washington St, Rochester, NH 03867-1840
      View Details
    • Value Estimation
      $835,000
      0.34 Acres

      716 Columbus Ave

      PARKING LOT • 0.34 Acres
      716 Columbus Ave, Rochester, NH 03867
      View Details
    • Value Estimation
      $10,105,000
      31,566 SF

      48 Farmington Rd

      VEHICLE SALES, RENTALS • 31,566 SF
      48 Farmington Rd, Rochester, NH 03867-4327
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      10,550 SF

      Retail Suites at Lilac Plaza

      Retail spaces for lease, renovations and upgrades planned for 2025.
      181-201 Wakefield St, Rochester, NH 03867
      View Details
    • Contact for pricing
      3,700 SF

      Retail Space with Drive-Thru Potential

      Retail spaces available, including pad site with drive-thru.
      5 Milton Rd, Rochester, NH 03867
      View Details
    • Contact for pricing

      Community Shopping Center For Rent

      Community shopping center in a busy retail district for lease.
      306 N Main St, Rochester, NH 03867
      View Details
    View Listing
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    Rochester, NH 03867
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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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    306 N Main St, Rochester, NH, 03867

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