Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Expansive North Country Land Parcel Title is generated by Realmo AI

    W Milan Road, Berlin, NH 03570

    View on Map
    Claim this Listing
    For Sale
    $395,000

    LAND - Berlin, NH

    Lot size:
    56.00 Acres
    Added:
    Jun 17, 2025
    Days on Market:
    352
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for W Milan Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    JG
    Standard status
    Active
    Lot size
    56.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3262

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Matthew Martel

    Listing agent Matthew Martel

    Listing office RE/MAX Northern Edge Realty LLC 232 Glen Ave., Berlin, NH

    Listing date Jun 17, 2025

    MLS# 5046985 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

    • Expansive 56‑acre wooded parcel offers privacy and potential.
    • Conveniently located minutes from downtown Berlin while still providing seclusion.
    • Road frontage on a publicly maintained road ensures accessibility.
    • Potential for subdivision, recreational development, or forestry/agricultural use.
    • Enrolled in Current Use for reduced property taxes.
    • Close proximity to ATV trails and Jericho Mountain State Park.

    Overview

    This expansive 56-acre parcel, located on scenic West Milan Road, offers potential for various uses. The wooded parcel is currently enrolled in Current Use for reduced property taxes. It has potential for subdivision, recreational development, or continued forestry or agricultural use. The location offers both seclusion and convenience, with road frontage on a publicly maintained road and proximity to downtown Berlin. Potential uses include building a dream home, developing a rustic cabin retreat, or creating a recreational haven near the ATV trails and Jericho Mountain State Park. Buyer is to perform due diligence on zoning and use options. The property is located in Berlin, NH.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Berlin
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.2429255
    Latitude
    44.5119205

    Nearby Similar for Sale

    • $350,000

      Main Street Commercial Opportunity

      Versatile commercial property on Main Street in Berlin, NH.
      206 Main Street, Berlin, NH 03570
      View Details
    • $320,000
      4,201 SF

      Four-Unit Multifamily Investment Opportunity

      Four-unit multifamily property with long-term tenants and garage parking.
      758 Glen Avenue, Berlin, NH 03570
      View Details
    • $214,500
      2,680 SF

      Spacious Multi-Family Investment Opportunity

      Two-unit property with potential for owner-occupants or investors.
      768 Third Avenue, Berlin, NH 03570
      View Details
    • $1,400,000

      Redevelopment Land with Warehouse Buildings

      Cleared redevelopment parcel with completed Phase I and Phase II environmental studies and two existing warehouse buildings.
      218 Jericho Road, Berlin, NH 05370
      View Details
    • $1,280,000

      Turnkey Recreational and Self-Storage Investment

      Recreational and self-storage investment property in Berlin, New Hampshire.
      5 Saint Laurent Lane, Berlin, NH 03570
      View Details
    • $249,900
      4,102 SF

      Versatile Industrial-Zoned Multi-Family Property

      Income potential and exceptional workspace in Berlin, New Hampshire.
      511 Goebel Street, Berlin, NH 03570
      View Details
    • $174,900

      Income-Producing Commercial Property, Berlin NH

      Multi-tenant commercial building with immediate income and growth potential.
      961 Main Street, Berlin, NH 03570
      View Details
    • $179,000
      4,000 SF

      Berlin Multi-Family Investment Opportunity

      Three-unit building on 0.23 acres near ATV/Snowmobile trails.
      457 Hillsboro Street, Berlin, NH 03570
      View Details
    • $129,900
      1,664 SF

      Versatile Multi-Family Property

      Two-unit property with investment and owner-occupancy potential.
      866 5Th Avenue, Berlin, NH 03570
      View Details
    • $160,000
      2,016 SF

      Two-Family Home on Large Lot

      Two-unit property with ample parking and yard space for tenants.
      116 Sessions Street, Berlin, NH 03570
      View Details
    • $184,000
      1,748 SF

      Berlin Multi-Family Investment Opportunity

      Two-unit multi-family property with mountain views and recent updates.
      305 coos Street, Berlin, NH 03570
      View Details
    • $70,000

      Downtown Berlin Mixed-Use Building

      Three-story commercial/mixed-use building in downtown Berlin, NH for sale.
      67 Main Street, Berlin, NH 03570
      View Details

    FAQs

    What type of property is this?
    Land - 56-acre parcel near Berlin, NH with development potential.
    Where is this land located?
    The property is located at W Milan Road Berlin, NH.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Expansive 56‑acre wooded parcel offers privacy and potential.; Conveniently located minutes from downtown Berlin while still providing seclusion.; Road frontage on a publicly maintained road ensures accessibility.
    (603) 752-0003
    We can help!
    Listing Contact
    Matthew Martel
    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
    W Milan Road, Berlin, NH 03570
    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!