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

    97 Storrs St Concord, NH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,800,000

    Two-story retail building in downtown Concord available for lease/purchase.

    Type:RETAIL
    Property size:
    12,000 SF
    Lot size:
    0.20 Acres
    Added:
    May 22, 2025
    Days on Market:
    315
    Last Refresh:
    Mar 30 at 9:21 pm

    Property Features for 97 Storrs St

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Lot size
    0.20 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 97 Storrs St Contact us

    We can help!

    Listing Contact
    Deane Navaroli
    Deane Navaroli

    Listing agent Deane Navaroli

    Listing office William & Reeves LLC

    Listing date May 22, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of William & Reeves LLC

    Overview

    Downtown Concord Two-Story Retail Building

    Located in downtown Concord, this two-story retail building offers approximately 12,000 square feet of space on a parcel of approximately 0.20 acres. The property is available for lease or purchase, presenting opportunities for owner-occupants, investors, or developers. Currently configured as a retail storefront, the building is turnkey for retail use and suitable for either a single-tenant or multi-tenant layout. The property is positioned as an ideal foundation for a mixed-use destination, potentially combining retail, dining, and luxury residential spaces. Situated steps away from Main Street, the State Capitol, restaurants, and entertainment venues, the location benefits from high visibility, consistent foot traffic, and the activity of Concord’s walkable downtown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Colorfields Rugs by ... (Bike/Boat/Book/etc) Store Company C (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.5348
    Latitude
    43.2049

    Nearby Similar for Sale

    • $699,990

      Downtown Concord Commercial Opportunity

      Thriving business and real estate in a sought-after commercial corridor.
      242 North Main Street, Concord, NH 03303
      View Details
    • $999,999
      5,010 SF

      Multifamily Portfolio in Concord, NH

      Income-producing multifamily property with three residential structures in Concord, NH.
      273-279 South Main Street, Concord, NH 03301
      View Details
    • $499,000

      Concord Commercial Building For Sale

      Well-maintained commercial building in high-traffic area, ideal for various uses.
      78 Fisherville Road, Concord, NH 03301
      View Details
    • $650,000
      3,934 SF

      Musician's Dream Multifamily Property

      Four-unit multifamily property with recording studio on three acres.
      11 White Plains Road, Webster, NH 03303
      View Details
    • $485,000
      2,758 SF

      Concord Multi-Family Investment Opportunity

      Two-unit property in Penacook with strong income potential.
      298-302 Village Street, Concord, NH 03303
      View Details
    • $700,000
      3,220 SF

      Downtown Concord Professional Office Building

      Prestigious 3,220 SF office building in downtown Concord for sale.
      8 Court St, Concord, NH 03301
      View Details
    • $485,000
      2,600 SF

      Desirable Concord Two-Family Opportunity

      Exceptional two-family property in Penacook, Concord, with strong ROI potential.
      298-302 Village St, Concord, NH 03303
      View Details
    • $2,900,000
      18,517 SF

      Concord Investment Opportunity For Sale

      Prime Concord location with high foot traffic and visibility.
      9-15 Village St, Concord, NH 03303
      View Details
    • $2,900,000

      Retail Center with Development Potential

      Fully occupied retail center with long-term tenants and development potential.
      9 Village St, Concord, NH
      View Details
    • $500,000

      Well-Maintained Duplex in Downtown Concord

      Large duplex in downtown Concord near schools, shopping, restaurants.
      13-15 Walker St, Concord, NH 03301
      View Details
    • $6,920,000

      Concord Apartments: Renovated, 36 Units

      36-unit apartment building in Concord, NH, renovated in 2024.
      81 Fisherville Rd, Concord, NH 03303
      View Details
    • $2,647,000
      361 SF

      Downtown Concord Office Space

      Renovated office suite in downtown Concord with exposed brick.
      5 Warren St, Concord, NH
      View Details

    FAQs

    What type of property is this?
    Retail space - Two-story retail building in downtown Concord available for lease/purchase.
    Where is this retail space located?
    The property is located at 97 Storrs St Concord, NH.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prime downtown location with high visibility and foot traffic.; Turnkey retail building suitable for single or multi‑tenant use.; Opportunity for owner‑occupants, investors, or developers.
    (603) 315-0808
    We can help!
    Listing Contact
    Deane Navaroli
    Deane Navaroli
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!