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

    19 Depot St Alton, NH 03809

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,600,000

    10+ acre rental development with 26 units in Alton.

    Lot size:
    10.40 Acres

    Property Features for 19 Depot St

    General Information

    Lot size
    10.40 Acres

    We can help!

    Listing Contact
    Heather Mann
    Source: Elliman

    Listing Agent: Heather Mann

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Alton Rental Development Opportunity

    This 10+ acre rental development opportunity is located in Downtown Alton. The project includes 13 duplexes, totaling 26 units. Each unit features 2 beds, a home office, 3 baths, and a 1-car garage, with a total of 1,770 sqft per unit. The roadways are being completed to grade with a course coat of asphalt. Underground power infrastructure will be completed per NH Electric Co-op specifications. The water main will be upgraded per Alton War Department standards, including curb stops for each building. Individual approved septic systems will be installed by the buyer during construction, with approved designs provided. The property is adjacent to a walking trail directly to Hannaford. The project is shovel-ready with state and local permits in hand. The seller has a building permit and has begun the infrastructure. An existing duplex and a large 3-story barn are present on the property, offering the potential to earn rental income during construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fiore mobile service ... Boat Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Dental Office Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.217142
    Latitude
    43.4562004

    Nearby Similar for Sale

    • $625,000
      1,320 SF

      Alton Commercial/Residential Opportunity

      Versatile 1,320 sq ft property with high visibility and flexible layout.
      6 Suncook Valley Rd, Alton, NH 03809
      View Details
    • $499,000
      0.10 Acres

      Mixed-Use Building in Downtown Alton

      Two-story mixed-use building suitable for commercial and residential purposes.
      141 Main St, Alton, NH 03809
      View Details
    • $1,768,636
      9,329 SF

      Dollar General NNN Investment Property

      NNN Dollar General with 13.25 years remaining on lease.
      58 Suncook Valley Rd, Alton, NH 03809
      View Details
    • $2,999,000
      1.00 Acre

      Alton Bay Waterfront Investment

      Lake Winnipesaukee waterfront property with high rental income.
      403 Main St, Alton, NH 03809
      View Details
    • $350,000
      3.05 Acres

      High-Traffic Alton Commercial Land

      Prime 3.05-acre lot, high visibility.
      00 & New Durham Rd, Alton, NH 03809
      View Details

    FAQs

    What type of property is this?
    Duplex - 10+ acre rental development with 26 units in Alton.
    Where is this duplex located?
    The property is located at 19 Depot St Alton, NH.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Shovel-ready rental development opportunity with state and local permits in hand.; - Approved plans for 13 duplexes (26 units total) featuring desirable 2 bed, home office, 3 bath layouts, and 1-car garage, totaling 1,770 sqft.; - Infrastructure underway: Roadways to grade, underground power, upgraded water main.
    (603) 333-0070
    Request Owner's contact information
    19 Depot St Alton, NH 03809
    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.
    19 Depot St
    Alton, NH 03809
    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
    19 Depot St Alton, NH 03809
    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
    Heather Mann
    (603) 333-0070
    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.