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    48 Main St Durham, NH 03824
    Property profile & analytics

    48 Main St Durham, NH 03824

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    • Commercial real estate
    • 5,022 SF
    • 0.16 lot acres
    For Sale
    $499,000
    View Listing →
    Turnkey Restaurant in Durham, NH For Sale
    $499,000
    0.16 Acres

    Turnkey Restaurant in Durham, NH

    Iconic restaurant for sale in the heart of Durham, NH.

    48 Main Street, Durham, NH 03824
    View Listing
    Property ID
    US58-0394463
    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
    7.2%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 48 Main St

    Year built
    1925
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    5,022 SF
    Zone code
    CB
    Property type
    Commercial real estate
    APN
    DRHM M:109 L:107
    APU
    DRHMM109L107

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $705,000
      ML approach
      $1,020,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $840,000
      6.5%
      $775,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $834,000
      Market price range: $704k - $1.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9261
    Latitude
    43.1344
    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
    $22,460
    $601,000
    $495,700
    $1,096,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,220,000
      24,666 SF

      2 Jenkins Ct, Unit 10

      COMMERCIAL (GENERAL) • 24,666 SF
      2 Jenkins Ct, Durham, NH 03824-2306
      View Details
    • Value Estimation
      $1,065,000
      9,646 SF

      3 Madbury Rd

      COMMERCIAL (GENERAL) • 9,646 SF
      3 Madbury Rd, Durham, NH 03824-2014
      View Details
    • Value Estimation by Request
      3,653 SF

      58 Main St

      COMMERCIAL CONDOMINUIM • 3,653 SF
      58 Main St, Durham, NH 03824-2593
      View Details
    • Value Estimation
      $1,275,000
      8,570 SF

      36 Main St

      COMMERCIAL (GENERAL) • 8,570 SF
      36 Main St, Durham, NH 03824-2503
      View Details
    • Value Estimation by Request
      2,660 SF

      60 Main St

      COMMERCIAL CONDOMINUIM • 2,660 SF
      60 Main St, Durham, NH 03824-2504
      View Details
    • Value Estimation
      $730,000
      5,622 SF

      36 Madbury Rd

      SHOW ROOM, WAREHOUSE • 5,622 SF
      36 Madbury Rd, Durham, NH 03824-2021
      View Details

    Similar Nearby for Sale

    • $799,000
      3,285 SF

      Downtown Durham Retail/Development Opportunity

      Prime Durham location, redevelopment potential, 3,285 sq ft.
      3-7 Jenkins Ct, Durham, NH 03824
      View Details
    • $2,499,000
      116.49 Acres

      116+/- Acre Land Parcel

      Unique land parcel in Durham and Madbury, NH.
      Beech Hill Rd, Durham, NH 03824
      View Details
    • $250,000
      1.27 Acres

      Durham Buildable 1.27-Acre Lot

      Rare opportunity to build a custom home in Durham, NH.
      Emerson Rd, Durham, NH 03824
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      230,371 SF

      Durham Warehouse Space Available

      230,371 square foot warehouse space for lease in Durham.
      121 Technology Dr, Durham, NH 03824
      View Details
    • $6,300 /Mo
      4,350 SF

      Refined Office Space Near UNH

      Versatile 4,650 sq ft commercial space in Durham, NH.
      10 Pettee Brook Ln, Durham, NH 03824
      View Details
    • $12 SF/Yr
      506,923 SF

      Durham Office/Industrial Campus

      500K+ SF, Flexible Spaces Available
      0 Technology Dr, Durham, NH 03824
      View Details
    • Contact for pricing

      Durham Shopping Center Land

      Prime Durham Commercial Land, 10.98 Acres
      0 Main St, Durham, NH 03824
      View Details
    • New
      Contact for pricing
      1,730 SF

      Retail Space Near UNH

      Retail and restaurant spaces available near University of New Hampshire.
      7 Mill Rd, Durham, NH 03824
      View Details
    • Contact for pricing
      10,700 SF

      Retail Space Near UNH Campus

      Retail and restaurant spaces available near Hannaford and UNH.
      5 Mill Rd, Durham, NH 03824
      View Details
    View Listing
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    Durham, NH 03824
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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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    48 Main St, Durham, NH, 03824
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