Add Listing
    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

    58 Pickering Rd Rochester, NH 03867

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $399,900

    Investment triplex in Rochester with Cocheco River frontage.

    Lot size:
    0.11 Acres

    Property Features for 58 Pickering Rd

    General Information

    Property type
    Investment
    Standard status
    Contract
    Lot size
    0.11 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Andy Yau
    Andy Yau
    Source: Elliman

    Listing Agency: Re/Max Shoreline Listing Agent: Andy Yau

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

    Learn more

    Overview

    Gonic Triplex with River Views

    This triplex investment property is located in Gonic, Rochester, and features Cocheco River views. The property is suited for an owner occupant or value-add investor, with a current cap rate of approximately 9% and a potential cap rate exceeding 13%. The building features siding and a young roof. Tenants have access to Cocheco River frontage from the backyard and 180-degree views from their units, with opportunities for canoeing and fishing. The units feature hardwood floors, tin ceilings, exposed wood beams, and crown molding. The property benefits from low expenses due to separate utilities, and parking is available on an adjacent lot. The property is located in the Gonic school district, with proximity to the public school and pool. The location is 2.5 miles from downtown Rochester, 0.5 miles from Route 16, and 20 miles from Portsmouth. The property is well maintained by the tenants.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9711772
    Latitude
    43.2733845

    Nearby Similar for Sale

    • $425,000
      1,769 SF

      Rochester, NH Multi-Family Duplex

      Well-maintained duplex, perfect for first-time real estate investors.
      283 Chesley Hill Rd, Rochester, NH 03839
      View Details
    • New
      $490,000
      3,508 SF

      Updated Multi-Family Investment Property

      Three-unit property with upgrades, strong rental history, and high cap rate.
      46-48 Lafayette St, Rochester, NH 03867
      View Details
    • $449,900
      1,635 SF

      Remodeled Mixed-Use Property in Rochester

      Remodeled mixed-use property with commercial space and residential unit.
      45 Hanson St, Rochester, NH 03867
      View Details
    • $399,900
      2,370 SF

      Gonic Triplex with River Views

      Triplex in Gonic with Cocheco River views.
      58 Pickering Rd, Rochester, NH 03867
      View Details
    • $359,900
      2,216 SF

      Rochester, NH Multi-Family Duplex

      Rochester duplex ideal for investment in growing Lilac City.
      161 N Main St, Rochester, NH 03867
      View Details
    • $119,900

      Rochester Office Condo For Sale

      Professional office condo near hospital, airport, and downtown Rochester.
      60 Rochester Hill Rd, Rochester, NH 03867
      View Details
    • $599,900
      2,875 SF

      Updated Three-Unit Multifamily Building

      Three-unit multifamily building with updated units and convenient location.
      43-45 Charles St, Rochester, NH 03867
      View Details
    • $420,000
      0.56 Acres

      Highway-Commercial Property with Large Garage

      Versatile commercial property with garage, renovated ranch, and highway access.
      8 Phillips Ln, Rochester, NH 03868
      View Details
    • New
      $599,900
      3,611 SF

      Mixed-Use Buildings in Rochester, NH

      Two mixed-use buildings on one lot with residential rentals.
      18 Wakefield St, Rochester, NH 03867
      View Details
    • New
      $599,900

      Mixed-Use Buildings in Rochester, NH

      Two mixed-use buildings on one lot in Rochester, NH.
      18 Wakefield St, Rochester, NH 06867
      View Details
    • New
      $599,900
      1,300 SF

      Rochester Multi-Family Investment Opportunity

      Two-unit apartment building in Rochester, NH. Tenant occupied.
      2 Barker Ct, Rochester, NH 03867
      View Details
    • $875,000
      0.35 Acres

      Rochester Commercial Property For Sale

      Commercial property in Rochester, NH with diverse income potential.
      31 Hancock St, Rochester, NH 03867
      View Details

    FAQs

    What type of property is this?
    Triplex - Investment triplex in Rochester with Cocheco River frontage.
    Where is this triplex located?
    The property is located at 58 Pickering Rd Rochester, NH.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - High current (~9%) and potential (exceeding 13%) cap rate, offering strong investment returns.; - Desirable Gonic location in Rochester with **Cocheco River frontage and 180-degree river views.**; - Well-maintained building with **young roof and attractive curb appeal.**
    (603) 969-6216
    Request Owner's contact information
    58 Pickering Rd Rochester, NH 03867
    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.
    58 Pickering Rd
    Rochester, NH 03867
    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
    58 Pickering Rd Rochester, NH 03867
    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
    Andy Yau
    Andy Yau
    Real Estate License ID: 074320
    (603) 969-6216 (603) 431-1111 (646) 525-1672
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!