Your AI Navigator in Commercial Real Estate
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

    47AB Hanson St Rochester, NH 03867

    Sponsored
    For Sale
    $150,000

    Mixed-use land, rehab opportunity, downtown location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This 0.02-acre commercial and residential land parcel, located at 47AB Hanson St, Rochester, NH 03867 (43.3046218, -70.9745917), is listed for $150,000. Currently featuring a small, multifamily structure requiring extensive rehabilitation, this property presents a unique investment opportunity. The existing building could be renovated at a relatively low cost due to its small size, making it a potential "BRRRR" candidate. Alternatively, the property's downtown commercial zoning allows for expansion. The new owner could potentially increase the lot size by combining it with the adjacent property, enabling the construction of a larger structure. This location benefits from relaxed density requirements and no setback requirements, offering significant development potential. The property is situated in Strafford County, within Rochester, New Hampshire's thriving downtown area, experiencing significant growth with projects like the Ridge expansion and the Hoffman project. This investment is further enhanced by the possibility of utilizing Qualified Opportunity Fund (QOF) benefits and potential local 79E tax benefits. Consider purchasing this property as a package with MLS #4968544. Offers to purchase as a package will be given priority.

    Property Features for 47AB Hanson St

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Andy Yau
    Andy Yau

    Learn more

    HighLights

    • Just Listed! $150,000 mixed‑use duplex in downtown Rochester, NH.
    • 0.02‑acre lot with existing multifamily structure requiring renovation; potential BRRRR opportunity.
    • Downtown commercial zoning allows for expansion; lot size could be increased by combining with adjacent property (MLS #4968544; package offers prioritized).
    • Located in a rapidly growing area with relaxed density and setback requirements; potential Qualified Opportunity Fund (QOF) and local 79E tax benefits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9745917
    Latitude
    43.3046218

    Nearby Similar for Sale

    • $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
    • $449,000
      2,441 SF

      Quaint Multi-Family Property

      Two-unit property in a quiet neighborhood, close to downtown.
      3 Dodge 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
    • $899,000
      4,528 SF

      Waterfront Quadplex on Large Lot

      Spacious waterfront quadplex with subdivision potential in East Rochester.
      32 Mill St, Rochester, NH 03867
      View Details
    • $417,000
      0.13 Acres

      Historic Office Building For Sale

      Second Empire-style office building in downtown Rochester, New Hampshire.
      69 SOUTH Main St, Rochester, NH 03867
      View Details
    • $359,900
      2,216 SF

      Rochester, NH Multi-Family Duplex

      Investment opportunity in Rochester's growing Lilac City.
      161 N Main St, Rochester, NH 03867
      View Details
    • New
      $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
      $450,000
      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
    • $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
    • $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
    • $120,000

      Professional Office Condominium For Sale

      Well-designed office condo with renovated reception and ample parking.
      165 Rochester Hill Rd, Rochester, NH 03867
      View Details
    • $445,000

      Well-Maintained Duplex on Corner Lot

      Side-by-side duplex near downtown, hospital, and commuter routes.
      67 Winter St, Rochester, NH 03867
      View Details

    FAQs

    What type of property is this?
    Land - Mixed-use land, rehab opportunity, downtown location.
    Where is this land located?
    The property is located at 47AB Hanson St Rochester, NH.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Just Listed! $150,000 mixed-use duplex in downtown Rochester, NH.; 0.02-acre lot with existing multifamily structure requiring renovation; potential BRRRR opportunity.; Downtown commercial zoning allows for expansion; lot size could be increased by combining with adjacent property (MLS #4968544; package offers prioritized).
    (603) 431-1111
    Request Owner's contact information
    47AB Hanson St 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.
    47AB Hanson St
    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
    47AB Hanson St 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: NH 074320
    (603) 431-1111
    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.