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    3 Riverlake Street, Alton, NH 03801

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    Commercial For Lease - Alton, NH

    Lot size:
    0.36 Acres
    Added:
    Nov 30, 2021
    Days on Market:
    1622
    Last Refresh:
    May 10 at 1:06 pm

    Property Features for 3 Riverlake Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    RC
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Forced Air, Oil
    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Number of units
    2
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Steven Gray

    Listing agent Steven Gray

    Listing office RE/MAX Shoreline 875 Greenland Rd., Portsmouth, NH

    Listing date Nov 30, 2021

    MLS# 4892071 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.

    HighLights

    • Flexible office space with private options starting at $600 per month.
    • No lease required, offering maximum flexibility.
    • Rent includes heat, A/C, electricity, internet, and furniture if desired.
    • High traffic visibility on a busy corner of Route 11.
    • Shared amenities include a kitchen and attractive conference room.
    • Unique post & beam construction with open ceiling to the 2nd floor.

    Overview

    This commercial property, built in 2000, offers flexible office spaces with private suites starting at $600 per month and semi-private spaces starting at $300 per month. The property is located on a busy corner with high traffic visibility from Route 11. The building features post & beam construction and an open ceiling to the 2nd floor. The first level includes a conference room, a private office, an open area with greeting desks on each end, a half bath, and a side exit door. The second level has two private offices, three semi-private offices, and three open working areas. The lower level contains a full walkout door at each end, a common kitchen area, a 3/4 bathroom, and two private offices. Included in the rent are heat, A/C, electricity, and internet. Furniture is also available if desired. Tenants have access to a shared kitchen and an attractive conference room. The property has its own private parking area on the back side of the building. The property also includes a small 2 bedroom rental house at the end of the upper parking lot. Currently available are two reception desks on the 1st floor and three semi-private offices on the second floor. One private office suite will be available 1/1/26.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northwestern Mutual Financial Advisor Hunter Mountain Builders Construction Company Lakefront Law & Title Law Firm Curry Realtors Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Department Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.2349771
    Latitude
    43.469553

    FAQs

    What type of property is this?
    Office units - Private and semi-private office spaces available with flexible terms.
    Where is this office units located?
    The property is located at 3 Riverlake Street Alton, NH.
    What are key features of this property?
    This property features: Flexible office space with private options starting at $600 per month.; No lease required, offering maximum flexibility.; Rent includes heat, A/C, electricity, internet, and furniture if desired.
    (603) 431-1111
    We can help!
    Listing Contact
    Steven Gray
    Real Estate License ID: 4592
    Learn More
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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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