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    Auburn, NH 03032

    • Retail properties
    • 6,811 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details

    Year built
    2021
    Lot size
    0.73 lot acres
    Property size
    6,811 SF
    Property type
    Retail properties

    Description

    This exceptional 6,811-square-foot retail building, constructed in 2021, presents a unique investment opportunity in Auburn, NH. The modern, stand-alone structure features a sophisticated architectural design with sleek lines and high-end finishes. Its three spacious bays, capable of accommodating up to nine vehicles without stacking lifts, are ideal for automotive-related businesses or other commercial uses. A dedicated mechanical bay and a wash/detail area with water-resistant walls add to the building's versatility. High-quality building furnishings and equipment are available for purchase separately. Advanced technology is seamlessly integrated, including a 16-camera surveillance system, an integrated security system, and full remote digital control over HVAC, garage doors, and lighting, maximizing convenience, security, and energy efficiency. The second floor offers a well-appointed conference room and executive office suite with a private bathroom, providing a professional workspace. An outdoor patio with a gas grill is perfect for entertaining. Utilities include public water, natural gas heating, and a private septic system. This property sits on a 0.73-acre lot and is priced at $2,000,000. This turnkey operation offers a blend of modern aesthetics, functional design, and technological sophistication.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4195
    Latitude
    43.0408

    Comparable in this City

    • Value Estimation
      $350,000
      11,144 SF

      8 Grey Pt Ave

      SHOW ROOM, WAREHOUSE • 11,144 SF
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    • Value Estimation
      $320,000
      5,742 SF

      261 Old Candia Rd

      SHOW ROOM, WAREHOUSE • 5,742 SF
      261 Old Candia Rd, Auburn, NH 03032-3902
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    • Value Estimation
      $320,000
      7,204 SF

      20 Commercial Ct

      SHOW ROOM, WAREHOUSE • 7,204 SF
      20 Commercial Ct, Auburn, NH 03032-3725
      View Details
    • Value Estimation
      $350,000
      8,892 SF

      24 King St

      SHOW ROOM, WAREHOUSE • 8,892 SF
      24 King St, Auburn, NH 03032-3973
      View Details
    • Value Estimation
      $530,000
      27,676 SF

      45 Priscilla Ln

      SHOW ROOM, WAREHOUSE • 27,676 SF
      45 Priscilla Ln, Auburn, NH 03032-3724
      View Details
    • Value Estimation
      $90,000
      6,881 SF

      269 Rockingham Rd

      SHOW ROOM, WAREHOUSE • 6,881 SF
      269 Rockingham Rd, Auburn, NH 03032-3963
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

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    • Contact for pricing
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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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