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    Versatile Commercial Opportunity in Allenstown Title is generated by Realmo AI

    50 Pinewood Road, Allenstown, NH 03275

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    Claim this Listing
    For Sale
    $1,200,000

    Commercial For Sale - Allenstown, NH

    Lot size:
    1.00 Acre
    Added:
    Nov 17, 2025
    Days on Market:
    180
    Last Refresh:
    May 16 at 8:06 pm

    Property Features for 50 Pinewood Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Com
    Standard status
    Active
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15204

    Utilities

    Heating system
    Hot Water (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Reed Heath

    Listing agent Reed Heath

    Listing office Coldwell Banker Realty Gilford NH 9 Old Lake Shore Rd., Laconia, NH

    Listing date Nov 17, 2025

    MLS# 5069992 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

    • Prime Central NH location with exceptional visibility and access near major corridors.
    • 8,000 sq. ft. of flexible office space suitable for headquarters or lease income.
    • No association fees due to independent subdivision from original condominium cluster.
    • Potential for change of use to residential (subject to approvals), offering redevelopment possibilities.
    • Available for lease in part or entirety, providing multiple options.
    • Metal roof.

    Overview

    Located in the heart of New Hampshire, this commercial property offers exceptional visibility and access, positioned near two of the state’s major north-south corridors. Originally part of a professional office condominium cluster, it has since been subdivided and now stands independently, free from association fees. The building features 8,000 sq. ft. of flexible office space, ideal for a company headquarters or as income-producing lease space. Preliminary discussions with the town suggest the potential for a change of use to residential, subject to formal plans and approvals, opening possibilities for redevelopment. The property is available for lease in part or in its entirety, providing multiple options for investors or owner-users. The property is zoned for commercial use and sits on a 1-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gerard J. Hevern, ... Pediatrician Chandra Lee Anguiano Physician Chandra Anguiano Physician Elliot Family Health ... Medical Clinic Boyd Tamanaha, MD Pediatrician

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Allenstown
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4368944
    Latitude
    43.1311542

    Nearby Similar for Sale

    • $450,000
      3,308 SF

      Spacious Multi-Family Investment Opportunity

      Two-unit property with rental potential near Concord and Bear Brook.
      41 Main Street, Allenstown, NH 03275
      View Details
    • $575,000

      Allenstown Multi-Unit Investment Opportunity

      Well-maintained 3-unit property with income potential in convenient location.
      22 River Rd, Allenstown, NH 03275
      View Details

    FAQs

    What type of property is this?
    Office building - Prime central NH location with redevelopment potential.
    Where is this office building located?
    The property is located at 50 Pinewood Road Allenstown, NH.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime Central NH location with exceptional visibility and access near major corridors.; **8,000 sq. ft. of flexible office space** suitable for headquarters or lease income.; No association fees due to independent subdivision from original condominium cluster.
    (603) 524-2255
    We can help!
    Listing Contact
    Reed Heath
    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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