Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Expansive Acreage in Pittsfield, NH Title is generated by Realmo AI

    Lot 4 Mullen Drive, Pittsfield, NH 03263

    View on Map
    Claim this Listing
    For Sale
    $499,900

    Land - Pittsfield, NH

    Lot size:
    165.85 Acres
    Added:
    May 11, 2026
    Days on Market:
    11
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for Lot 4 Mullen Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural
    Standard status
    Active
    Lot size
    165.85 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Donna Gerry

    Listing agent Donna Gerry

    Listing office Heigis Real Estate LLC. 284 1st New Hampshire Tpke, NORTHWOOD, NH

    Listing date May 11, 2026

    MLS# 5088324 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

    • Approximately 165 acres of land offering exceptional potential.
    • Sweeping scenery and picturesque views from an elevated setting.
    • Beautiful natural landscape with rolling terrain and wooded surroundings creating privacy.
    • Located in historic Pittsfield, known for its scenic beauty and small‑town charm.
    • Convenient access to Concord, Alton, the Lakes Region, and major commuting routes.
    • Opportunity to build a dream home tucked away in nature or explore future development possibilities.

    Overview

    Located in Pittsfield, New Hampshire, this property offers approximately 165 acres with scenery and potential. The land may be suitable for a private estate, family compound, equestrian property, or possible subdivision, subject to approvals. The natural landscape includes rolling terrain, wooded surroundings, and elevated settings. The location allows access to scenic country roads, local farms, apple orchards, the Suncook River, White’s Pond, and Drake Field. The property is located near Concord, Alton, the Lakes Region, and major commuting routes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Auto Repair Shop Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.290377
    Latitude
    43.287633

    Nearby Similar for Sale

    • $479,900
      6,769 SF

      Multi-Family Investment Opportunity

      Five-unit property with potential for expansion in downtown Pittsfield.
      2 Depot Street, Pittsfield, NH 03263
      View Details
    • $250,000
      8,300 SF

      Mixed-Use Building with Restaurant Equipment

      Large building with restaurant equipment and development potential.
      27 Carroll Street, Pittsfield, NH 03263
      View Details
    • $999,000
      3,800 SF

      Versatile Multi-Family Property, Pittsfield

      4-acre property with multi-unit home, barn, and commercial zoning.
      79 High Street, Pittsfield, NH 03263
      View Details
    • $250,000
      8,300 SF

      Multi-Family Restaurant Opportunity

      Three-parcel package with restaurant, residential unit, and development potential.
      27 Carroll Street, Pittsfield, NH 03263
      View Details
    • $445,000
      2,162 SF

      Pittsfield Multi-Family Investment Opportunity

      Well-maintained multi-family property in the heart of Pittsfield, NH.
      14 Chestnut Street, Pittsfield, NH 03263
      View Details
    • $700,000
      6,726 SF

      Downtown Pittsfield Income Property

      Mixed-use property with residential and commercial units in downtown Pittsfield.
      4 Depot Street, Pittsfield, NH 03263
      View Details
    • $539,000
      3,800 SF

      Fully Occupied Multifamily Investment Property

      Five-unit multifamily property with stable occupancy and convenient location.
      22 Concord Hill Road, Pittsfield, NH 03263
      View Details
    • $999,000

      Pittsfield Mixed-Use Commercial Opportunity

      4-acre parcel with mixed-use property and development potential.
      79 High Street, Pittsfield, NH 03263
      View Details
    • $300,000

      Seventy Acres of New Hampshire Land

      Wooded, rugged 70-acre land perfect for hunting or building a cabin.
      0 Dowboro Road, Pittsfield, NH 03263
      View Details
    • $539,000

      Multifamily Investment Opportunity in Pittsfield

      Fully occupied 5-unit multifamily property with stable income and river views.
      22 Concord Hill Road, Pittsfield, NH 03263
      View Details
    • $250,000

      30 Acres Wooded Land, Pittsfield

      30 acres of wooded land in Pittsfield, New Hampshire.
      Map R29 Lot 1 Catamount Road, Pittsfield, NH 03263
      View Details
    • $69,900

      Wooded Corner Acre Lot

      Scenic 2.95+/- acre lot in a peaceful country setting.
      Lot 1 Mullen Drive, Pittsfield, NH 03263
      View Details

    FAQs

    What type of property is this?
    Land - 165+ acre property with subdivision potential in scenic Pittsfield.
    Where is this land located?
    The property is located at Lot 4 Mullen Drive Pittsfield, NH.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Approximately 165 acres of land offering exceptional potential.; Sweeping scenery and picturesque views from an elevated setting.; Beautiful natural landscape with rolling terrain and wooded surroundings creating privacy.
    (603) 312-3614
    We can help!
    Listing Contact
    Donna Gerry
    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
    Lot 4 Mullen Drive, Pittsfield, NH 03263
    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!