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    Property profile & analytics

    60 Summer St Swanzey, NH 03446

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 60 Summer St

    Property type
    Commercial real estate

    Description

    This exceptional 0-acre lot, located at 60 Summer Street in the heart of Swanzey's Village Business District, presents a unique investment opportunity. Priced at $235,000, this property offers significant potential for various commercial or residential developments. The strategic location within the Village Business District provides excellent visibility and accessibility. The property's zoning allows for exploration of multi-family housing projects, catering to the growing demand for residential units in the area. A key advantage is the availability of public sewer, simplifying the development process and reducing infrastructure costs. This eliminates the need for costly septic system installations, making the property more attractive for developers. The absence of existing structures on the lot provides a blank canvas for creative design and construction, allowing for maximum flexibility in project planning. This presents a rare chance to build a project tailored to specific needs and market demands. The property's size, coupled with its prime location and access to public utilities, makes it an ideal investment for those seeking a high-return opportunity in a thriving New Hampshire community. Serious inquiries are encouraged to explore the full potential of this versatile property. Further details regarding zoning regulations and development possibilities are readily available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Swanzey
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.3226
    Latitude
    42.868

    Comparable in this City

    • Value Estimation
      $2,745,000
      29,426 SF

      591 Monadnock Hwy

      COMMERCIAL (GENERAL) • 29,426 SF
      591 Monadnock Hwy, Swanzey, NH 03446-2119
      View Details
    • Value Estimation by Request
      1,446 SF

      93 California Brk Rd

      SHOW ROOM, WAREHOUSE • 1,446 SF
      93 California Brk Rd, Swanzey, NH 03446-3300
      View Details
    • Value Estimation
      $1,235,000
      27,510 SF

      247 Monadnock Hwy, Unit 319

      COMMERCIAL (GENERAL) • 27,510 SF
      247 Monadnock Hwy, Swanzey, NH 03446-2134
      View Details
    • Value Estimation by Request
      3,826 SF

      189 Swanzey Rd

      COMMERCIAL (GENERAL) • 3,826 SF
      189 Swanzey Rd, Swanzey, NH 03446-3417
      View Details
    • Value Estimation by Request
      2,436 SF

      90 Winchester St

      SHOW ROOM, WAREHOUSE • 2,436 SF
      90 Winchester St, Swanzey, NH 03446-3619
      View Details
    • Value Estimation by Request
      1,727 SF

      2 Arrowcrest Dr

      SHOW ROOM, WAREHOUSE • 1,727 SF
      2 Arrowcrest Dr, Swanzey, NH 03446-2100
      View Details

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    • Contact for pricing

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      Swanzey Commercial Building For Sale

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    • Contact for pricing
      19,200 SF

      Cash-Flowing Self Storage Asset

      Self-storage facility with 154 units in Swanzey, New Hampshire.
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    60 Summer St
    Swanzey, NH 03446
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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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