Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Land with Rail Frontage Title is generated by Realmo AI

    145 grissom Lane, Claremont, NH 03743

    View on Map
    Claim this Listing
    For Sale
    $545,000

    Land - Claremont, NH

    Lot size:
    42.00 Acres
    Added:
    Feb 24, 2025
    Days on Market:
    439
    Last Refresh:
    May 9 at 6:06 am

    Property Features for 145 grissom Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Industrial
    Standard status
    Active
    Lot size
    42.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3000

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    James Ward
    James Ward

    Listing agent James Ward

    Listing office Equity Group Real Estate Broker Inc. 264 Lafayette Rd #10, Suite 103, NH

    Listing date Feb 24, 2025

    MLS# 5030430 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

    • 42 acres with rail frontage and potential spur, ideal for industrial uses.
    • Zoned for most industrial uses including distribution, data center, bulk storage, and heavy manufacturing.
    • Located just .6 miles from I‑91 with level access.
    • City water and sewer nearby, with 3‑phase electric available.
    • Benefit from Opportunity Zone designation.
    • Supportive city with ample blue‑collar workforce and local tech school.

    Overview

    This 42-acre industrial land parcel is located in Claremont, New Hampshire. The property benefits from proximity to city water and sewer services, as well as 3-phase electrical power. The land is mostly level and situated approximately 0.6 miles from Interstate 91 on a state road. Zoned for most industrial uses, the site is suitable for distribution, data centers, bulk storage, and heavy manufacturing. The property features rail frontage with potential for a spur, and level access. Access is provided via a right-of-way, and the site is subject to a utility easement and current use regulations. Located within an opportunity zone, the property is supported by a city with a blue-collar workforce and a local tech school. Additional land may be available. The property has rail frontage and level access via right of way.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hair Salon Department Store Kitchen & Bath Showroom Auto Parts Store Discount Store Electrical Service Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    Sullivan
    State
    New Hampshire
    Longitude
    -72.3757898
    Latitude
    43.3419765

    Nearby Similar for Sale

    • $750,000

      Former School Building on 1.56 Acres

      Historic 18,500 sq ft building on 1.56 acres.
      16 Central Street, Claremont, NH 03743
      View Details
    • $275,000
      1,845 SF

      Claremont Multi-Family Investment Opportunity

      Well-maintained 2-family property with income potential in Claremont, NH.
      126 Lafayette Street, Claremont, NH 03743
      View Details
    • $450,000

      Claremont Land Overlooking Downtown

      Six-acre commercial land with development potential in Claremont, New Hampshire.
      49 Lincoln Heights, Claremont, NH 03743
      View Details
    • $395,000

      Historic Claremont Building For Sale

      Downtown building with restaurant and apartment, generating monthly income.
      36-38 Opera House Square, Claremont, NH 03743
      View Details
    • $424,900

      Claremont Mixed-Use Investment Opportunity

      Mixed-use building in downtown Claremont with retail, office, and apartment potential.
      19 Pleasant Street, Claremont, NH 03743
      View Details
    • $400,000

      20 Acres Prime Farmland

      20 acres of prime farmland, excellent soils, fantastic building site.
      119 Old Newport Road, Claremont, NH 03743
      View Details
    • $250,000
      2,322 SF

      Well-Maintained Multi-Family in Claremont

      Two-unit multifamily property with detached garage and ample parking.
      36 Prospect Street, Claremont, NH 03743
      View Details
    • $350,000
      2,139 SF

      Turnkey Multifamily Investment Property

      Well-maintained, 100% occupied 3-unit property with strong cash flow.
      200 Main Street, Claremont, NH 03743
      View Details
    • $275,000

      Claremont Land: Development Opportunity

      57.9 acres near amenities, ideal for estate or development.
      0 Jarvis Hill Road, Claremont, NH 03743
      View Details
    • $265,000
      2,293 SF

      Claremont Duplex in Downtown Heart

      Duplex in downtown Claremont, NH, with newer roof.
      104 Summer Street, Claremont, NH 03743
      View Details
    • $945,000

      Mixed-Use Building in Downtown Claremont

      Renovated 7-unit mixed-use building with residential and commercial tenancy.
      37-45 Pleasant St, Claremont, NH 03743
      View Details
    • $90,000

      Claremont Land with Stone Wall

      5-acre wooded lot with frontage and utilities in Claremont, NH.
      Charlestown Road, Claremont, NH 03743
      View Details

    FAQs

    What type of property is this?
    Industrial land - 42 acres of industrial land with rail access.
    Where is this industrial land located?
    The property is located at 145 grissom Lane Claremont, NH.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: 42 acres with rail frontage and potential spur, ideal for industrial uses.; Zoned for most industrial uses including distribution, data center, bulk storage, and heavy manufacturing.; Located just .6 miles from I‑91 with level access.
    (603) 448-8000
    We can help!
    Listing Contact
    James Ward
    James Ward
    Real Estate License ID: 4786
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    145 grissom Lane, Claremont, NH 03743
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!