Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    135 Franklin St Berlin, NH 03570

    Sponsored
    For Sale
    $455,000

    Land - Berlin, NH

    Lot size:
    16.39 Acres
    Days on Market:
    212
    Last Refresh:
    Jan 22 at 10:06 pm

    Property Features for 135 Franklin St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Lot size
    16.39 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carl Mercier

    RE/MAX Northern Edge Realty (603) 752-0003 [email protected]

    Listing agent Carl Mercier (603) 752-0003

    Listing date Jun 25, 2025

    MLS# 5002654 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land with Development Potential

    This roughly 16.39-acre parcel of undeveloped land is located in a residential area and offers potential views. The property benefits from existing logging roads that ensure easy access. City water, sewer, and power lines are located nearby. The property has frontage on multiple city streets and Success Pond Road. The property is zoned for residential use and presents an ideal canvas for a residential project.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Gym & Fitness Auto Repair Shop Accounting Firm Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.1594953
    Latitude
    44.4831161

    Nearby Similar for Sale

    • $315,000
      3,052 SF

      Versatile Multi-Family with Garage Bays

      Well-maintained property with potential for residential and commercial use.
      534 Champlain St, Berlin, NH 03570
      View Details
    • $349,900
      3,525 SF

      Well-Maintained Four-Unit Apartment Building

      Four-unit apartment building in a desirable residential neighborhood.
      798 5Th Ave, Berlin, NH 03570
      View Details
    • $474,900
      2.72 Acres

      Versatile Commercial Property with Income Potential

      2.72-acre commercial property with multiple buildings and income potential.
      55 Maynesboro St, Berlin, NH 03570
      View Details
    • $109,500
      2,175 SF

      Berlin Multi-Family Investment Opportunity

      Two-unit property in Berlin, NH, ideal for investors or owners.
      628 Hillsboro St, Berlin, NH 03570
      View Details
    • $239,900
      3,046 SF

      Four-Unit Investment Property, Berlin NH

      Four units with income potential and minimal landlord expenses.
      416 Burgess St, Berlin, NH 03570
      View Details
    • $199,900
      1,740 SF

      Versatile Multi-Family Home with Income

      Two-unit property with rental income potential and recent updates.
      1253 Main St, Berlin, NH 03570
      View Details
    • $279,000
      2,328 SF

      Charming Multi-Family Home

      Charming home with mountain views and backyard oasis.
      60 Mason St, Berlin, NH 03570
      View Details
    • $126,000
      1,532 SF

      Berlin Multi-Family Investment Opportunity

      Two-unit property with income potential, backyard, and off-street parking.
      531 Hillsboro St, Berlin, NH 03570
      View Details
    • $240,000
      2,590 SF

      Spacious Multi-Unit with Mountain Views

      Three-unit multi-family property with mountain views and owner occupancy potential.
      185 Park St, Berlin, NH 03570
      View Details
    • $165,000
      1,272 SF

      Berlin Multi-Family Investment Opportunity

      Well-maintained, furnished duplex with established rental history in Berlin, NH.
      124 Denmark St, Berlin, NH 03570
      View Details
    • $189,900
      3,008 SF

      Berlin Multi-Family with 3-Bay Garage

      Spacious two-unit property with rental potential near downtown Berlin.
      150 Prospect St, Berlin, NH 03570
      View Details
    • $134,900
      1,820 SF

      Berlin Multi-Family Home For Sale

      Two 3-bedroom units on a level corner lot.
      22 Cambridge St, Berlin, NH 03570
      View Details

    FAQs

    What type of property is this?
    Land - 16.39 acres of residential land, ideal for development.
    Where is this land located?
    The property is located at 135 Franklin St Berlin, NH.
    What is the asking price?
    The asking price for this property is $455,000.
    What are key features of this property?
    This property features: - Large 18-acre parcel suitable for development.; - Proximity to city water, sewer, and power lines.; - Frontage on multiple city streets and Success Pond Road.
    (603) 752-0003
    Request Owner's contact information
    135 Franklin St Berlin, NH 03570
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    135 Franklin St
    Berlin, NH 03570
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    135 Franklin St Berlin, NH 03570
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carl Mercier
    Real Estate License ID: 59466
    (603) 752-0003
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.