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    Property profile & analytics

    515 Main St Gorham, NH 03581

    • Commercial real estate
    • 2,240 SF
    • 3.25 lot acres
    For Sale
    View listing
    $815,000
    Value Estimation
    Last Sale
    Feb 18, 2021
    $450,000
    Location Intelligence
    Property ID
    US58-0059083
    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

    • Commercial real estate

    Property Details for 515 Main St

    Year built
    1986
    Construction
    FRAME
    Lot size
    3.25 lot acres
    Property size
    2,240 SF
    Zone code
    CB
    Property type
    Commercial real estate
    APN
    GORH M:U11 L:4
    APU
    GORHMU11L4

    Description

    This exceptional commercial property at 515 Main Street in Gorham, New Hampshire, presents a lucrative investment opportunity. The main building, totaling 5,601 square feet, is well-maintained and currently houses two long-term tenants, ensuring a stable income stream. A significant portion of the building is dedicated to storage, offering considerable flexibility. This space could be easily converted into additional rental units to increase revenue, or leased as-is to a suitable tenant. Adding to the property's value is a separate, detached cold storage building, also currently leased, providing further rental income potential. The property boasts a highly desirable location, enjoying close proximity to major retailers such as Walmart, Tractor Supply, and Marshalls, ensuring high visibility and significant foot traffic. The expansive 3.25-acre lot provides ample space and boasts an impressive 321 feet of road frontage, maximizing exposure to potential customers and enhancing the property's overall appeal. This combination of existing income, development potential, and prime location makes this a truly exceptional investment opportunity in a thriving commercial area. The property is offered at $815,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $510,000
      6.5%
      $475,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $460,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $475,000
      Mixed-Use
      $500,000
      Hospitality
      $505,000
      Educational
      $405,000
      Residential Income
      $510,000
      Energy
      $465,000
      Income-Based Land
      $515,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.1953
    Latitude
    44.4191
    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
    $12,005
    $407,100
    $81,900
    $489,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,900 SF

      580 Main St

      COMMERCIAL (GENERAL) • 8,900 SF
      580 Main St, Gorham, NH 03581-4908
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    • Value Estimation
      $315,000
      3,440 SF

      809 State Rte 2nd 2

      COMMERCIAL (GENERAL) • 3,440 SF
      809 State Rte 2nd 2, Shelburne, NH 03581-3110
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    • Value Estimation by Request
      13,364 SF

      881 Nn Rd

      COMMERCIAL (GENERAL) • 13,364 SF
      881 Nn Rd, Shelburne, NH 03581-3212
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    • Value Estimation by Request
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      521 Main St

      COMMERCIAL (GENERAL) • 4,500 SF
      521 Main St, Gorham, NH 03581
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    • Value Estimation by Request
      800 SF

      15 Ray St

      SHOW ROOM, WAREHOUSE • 800 SF
      15 Ray St, Gorham, NH 03581
      View Details
    • Value Estimation
      $345,000
      8,430 SF

      595 Main St

      SHOW ROOM, WAREHOUSE • 8,430 SF
      595 Main St, Gorham, NH 03581-4902
      View Details

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    Similar Nearby for Lease

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    515 Main St
    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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