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    1448 Nh-119 Rindge, NH 03461

    • Retail properties
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1448 Nh-119

    Lot size
    2.00 lot acres
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional retail outparcel, located at 1448 NH-119 in Rindge, New Hampshire, presents a unique investment opportunity. Zoned for commercial use, this Class A property boasts 2 acres of land and offers flexible building sizes ranging from 3,000 to 8,000 square feet. The site is ideally situated at the intersection of NH-119 and I-202, ensuring high visibility and accessibility for potential tenants. The property is ready for immediate development, with build-to-suit options available to accommodate specific tenant needs. Its prime location offers unparalleled convenience, situated within one mile of major retail anchors including Walmart, Hannaford Brothers Supermarket, Market Basket Supermarket Shopping Center, and Tractor Supply. The proximity to Franklin Pierce University further enhances the property's appeal, providing a strong potential customer base. This single-tenant property represents a rare chance to acquire a highly desirable retail pad in a thriving New Hampshire community. The 03461 zip code offers excellent demographics and strong growth potential. Don't miss this opportunity to secure a premier location for your next retail venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rindge
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.0393
    Latitude
    42.7621

    Comparable in this City

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      5,260 SF

      17 Lisa Dr

      SHOW ROOM, WAREHOUSE • 5,260 SF
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      4,210 SF

      1044 Nh Rte 119

      SHOW ROOM, WAREHOUSE • 4,210 SF
      1044 Nh Rte 119, Rindge, NH 03461-6000
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    • Value Estimation by Request
      2,561 SF

      398 Us Rte 202

      SHOW ROOM, WAREHOUSE • 2,561 SF
      398 Us Rte 202, Rindge, NH 03461-7111
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      3,786 SF

      18 Bradford St

      SHOW ROOM, WAREHOUSE • 3,786 SF
      18 Bradford St, Rindge, NH 03461-5252
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    • Value Estimation
      $670,000
      14,250 SF

      233 Nh Rte 119

      SHOW ROOM, WAREHOUSE • 14,250 SF
      233 Nh Rte 119, Rindge, NH 03461-6019
      View Details

    Similar Nearby for Sale

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      8,000 SF

      Rindge Crossing Retail Center

      8,000 SF Restaurant Center, NH
      1448 Nh Route 119, Rindge, NH 03461
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    • $550,000

      Rindge Land for Sale

      Commercial land available in Rindge, New Hampshire.
      1-2 Willow Ln, Rindge, NH 03461
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      1.00 Acre

      Rindge NH Drive-Thru Pad Site

      Prime 1-acre development site, ideal for QSR.
      1448 Nh-119, Rindge, NH 03461
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    • $399,000

      Commercial Land For Sale

      Commercial land available for sale.
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    1448 Nh-119
    Rindge, NH 03461
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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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