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    Chris Norwood, Concord, NH

    License ID: NH 053237
    NAI Norwood Group
    Years of Experience
    16

    Contact details

    Phone:
    (603) 668-7000

    Performance

    Listings
    13
    Total transactions
    34
    Total transactions amount
    $25M
    Price range
    $490k - 1.1M
    Average price
    $735k

    Listings

    For Sale (10)

    View map
    • $3,100,000

      Hooksett Industrial Investment Opportunity

      Three-building industrial investment with expansion potential in Hooksett, New Hampshire.
      146 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • $2,550,000
      16,371 SF

      Keene Retail Investment Opportunity

      Fully leased retail asset in active downtown Keene, NH.
      82 Main St, Keene, NH 03431
      View Details
    • $550,000
      4,392 SF

      Brick Building with Stained Glass

      2.5-story building featuring stained glass and a furnished kitchen.
      58 S Main St, Franklin, NH 03235
      View Details
    • $499,000
      2,400 SF

      Raymond Commercial Property For Sale

      Commercial property with garage and storage in Raymond, New Hampshire.
      75 Nh-27, Raymond, NH
      View Details
    • $1,200,000

      Hooksett Road Land Parcel

      40+ acre land parcel with frontage on Hooksett Road.
      1821 Hooksett Rd, Hooksett, NH 03106
      View Details
    • $625,000

      Five Acre Lot Near Trail

      Five acre lot abutting Unity Mountain Trail Conservation Area.
      275 Mica Mine Rd, Unity, NH 03743
      View Details
    • Contact for pricing

      Development Opportunity Near Broad St

      14.73 acres for multifamily or senior living development.
      52 Baldwin St, Nashua, NH 03064
      View Details
    • Contact for pricing
      269,325 SF

      Proposed Warehouse in Merrimack, NH

      Proposed 269,325 SF warehouse on 19.65 acres.
      769 Daniel Webster Hwy, Merrimack, NH 03054
      View Details
    • $750,000

      Coldstream Park Office Condo

      Office condo in Coldstream Park, move-in ready condition.
      116 South River Rd, Bedford, NH 03110
      View Details
    • $2,500,000

      Bedford Village Shoppes Commercial Property

      Commercial property for sale in Bedford Village Shoppes.
      184 Route 101, Bedford, NH 03110
      View Details

    For Lease (3)

    View map
    • $1,200 /Mo
      1,272 SF

      Versatile Retail/Office Building For Lease

      1.5 story building suitable for various small businesses.
      22 Huckins Rd, Epsom, NH
      View Details
    • $750 /Mo
      1,024 SF

      Drive-In Garage Unit For Lease

      1,025 SF drive-in garage unit available for lease.
      41 Goboro Rd, Epsom, NH 03234
      View Details
    • $750 /Mo
      1,024 SF

      Drive-In Garage Unit For Lease

      1,025 SF drive-in garage unit available for lease.
      41 Goboro Rd, Epsom, NH 03234
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Request Owner's contact information
    Chris Norwood, Concord, NH
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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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