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    2188 Candia Rd Manchester, NH 03109-5703

    • Retail properties
    • 6,000 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0657379
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wildlife Sport Outfitters / Sporting Goods Store
    • Safeguard Defensive Training, LLC / Self Defense School

    Property Details for 2188 Candia Rd

    Year built
    1965
    Construction
    FRAME
    Lot size
    0.29 lot acres
    Property size
    6,000 SF
    Property type
    Retail properties
    APN
    MNCH M:0870 B:000 L:0018
    APU
    MNCHM0870B000L0018

    Description

    This exceptional 6,000 square foot mixed-use building presents a prime investment opportunity in Manchester, New Hampshire. Located at the busy Massabesic Traffic Circle, this property boasts excellent visibility and convenient access to major highways and the 28 bypass, ensuring high customer traffic. The building, constructed in 1965, features two stories and sits on a 0.29-acre lot. Currently zoned B-2, it offers versatile usage potential, although the Lake Massabesic Overlay District imposes certain restrictions. The single-unit building is classified as Class C and is offered at $895,000. The existing parking could potentially be expanded at the rear of the property. This owner-user opportunity is ideal for a variety of retail, office, or service businesses seeking a high-visibility location with strong growth potential. The property's strategic location at a heavily trafficked circle makes it an attractive option for businesses aiming to maximize their customer reach. The building's size and zoning flexibility provide ample space and operational freedom. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $284,000
      Market price range: $209k - $746k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.3934
    Latitude
    43.0038
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,453
    $140,100
    $308,100
    $448,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      5,864 SF

      1442 Candia Rd

      DEPARTMENT STORE • 5,864 SF
      1442 Candia Rd, Manchester, NH 03109-5506
      View Details
    • Value Estimation
      $235,000
      3,012 SF

      2281 Candia Rd

      DEPARTMENT STORE • 3,012 SF
      2281 Candia Rd, Manchester, NH 03109-5705
      View Details
    • Value Estimation
      $460,000
      1,619 SF

      2180 Candia Rd

      DEPARTMENT STORE • 1,619 SF
      2180 Candia Rd, Manchester, NH 03109-5703
      View Details
    • Value Estimation
      $390,000
      15,000 SF

      271 Mammoth Rd

      DEPARTMENT STORE • 15,000 SF
      271 Mammoth Rd, Manchester, NH 03109-4124
      View Details
    • Value Estimation
      $230,000
      4,692 SF

      257 Mammoth Rd

      DEPARTMENT STORE • 4,692 SF
      257 Mammoth Rd, Manchester, NH 03109-4124
      View Details
    • Value Estimation
      $260,000
      1,773 SF

      840 Candia Rd

      DEPARTMENT STORE • 1,773 SF
      840 Candia Rd, Manchester, NH 03109-5201
      View Details

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      Residential Development Opportunity

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    Similar Nearby for Lease

    • $15 SF/Yr
      13,478 SF

      Retail Space in High-Traffic Area

      Versatile retail space in a high-visibility, high-traffic Manchester location.
      270 Mammoth Rd, Manchester, NH 03109
      View Details
    • $14 SF/Yr
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      Former Pharmacy Retail Space Available

      Former CVS available for lease in Manchester, New Hampshire.
      271 Mammoth Rd, Manchester, NH 03109
      View Details
    • $12 SF/Yr
      23,646 SF

      Industrial Flex Space Available

      Contiguous, subdividable industrial flex space for lease.
      444 E Industrial Park Dr, Manchester, NH 03109
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    • $9 SF/Yr
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      Manchester Industrial Flex Space

      8,896 SF Flex/Warehouse Space Available
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    • $12 SF/Yr
      3,600 SF

      Industrial Units For Lease

      Industrial units available for lease with highway access.
      880 Candia Rd, Manchester, NH 03109
      View Details
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    Manchester, NH 03109-5703
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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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