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    1182 Us Route 4 Canaan, NH 03741
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    1182 Us Route 4 Canaan, NH 03741

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    • Commercial real estate
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    Current Use by Public Records

    • Commercial real estate

    Property Details for 1182 Us Route 4

    Year built
    1924
    Property type
    Commercial real estate

    Description

    This profitable, established laundromat in Canaan, NH, presents a fantastic investment opportunity. Priced to sell, this turn-key business includes all equipment, minimizing upfront costs for the new owner. The laundromat boasts Speed Queen washers and dryers, ensuring reliability and efficiency. A recent upgrade in 2023 includes a new on-demand, 40-gallon hot water system, enhancing operational efficiency and cost-effectiveness. The building itself underwent renovations in 2015, resulting in a functional and attractive office space. Conveniently located in town, the property offers ample parking both behind the building and on the street, ensuring customer convenience. The existing lease is transferable, providing immediate income generation for the buyer. This is a rare chance to acquire a well-maintained, profitable business with a strong track record. The sale includes all existing equipment and the current lease agreement. This presents a low-risk, high-reward opportunity for an entrepreneur seeking a stable and established business. The property's prime location and the inclusion of all equipment make this a truly attractive proposition. The recent upgrades further enhance the value and operational efficiency of this established laundromat. Don't miss this chance to own your own successful business. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Canaan
    County
    Grafton
    State
    New Hampshire
    Longitude
    -72.0112
    Latitude
    43.6463

    Comparable in this City

    • Value Estimation by Request
      1,947 SF

      1167 Us Rte 4th 4

      SHOW ROOM, WAREHOUSE • 1,947 SF
      1167 Us Rte 4th 4, Canaan, NH 03741
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    • Value Estimation by Request
      2,377 SF

      1151 Us Rte 4th 4

      SHOW ROOM, WAREHOUSE • 2,377 SF
      1151 Us Rte 4th 4, Canaan, NH 03741
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    • Value Estimation by Request
      1,429 SF

      104 Bungee Ln

      SHOW ROOM, WAREHOUSE • 1,429 SF
      104 Bungee Ln, Canaan, NH 03741-7381
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    • Value Estimation by Request
      3,145 SF

      153 May St

      SHOW ROOM, WAREHOUSE • 3,145 SF
      153 May St, Canaan, NH 03741-7554
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    • Value Estimation
      $550,000
      4,123 SF

      49 Nh Rte 118

      SHOW ROOM, WAREHOUSE • 4,123 SF
      49 Nh Rte 118, Canaan, NH 03741-7356
      View Details
    • Value Estimation by Request
      5,821 SF

      1164 Nh Rte 118

      SHOW ROOM, WAREHOUSE • 5,821 SF
      1164 Nh Rte 118, Canaan, NH 03741
      View Details

    Similar Nearby for Sale

    • $210,000
      1,520 SF

      Canaan Commercial Kitchen Opportunity

      Established Bakery, Updated Equipment
      1194 Us Route 4, Canaan, NH 03741
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    • New
      $125,000
      21.23 Acres

      Land Near Cardigan Mountain Forest

      21.23-acre surveyed parcel near Cardigan Mountain State Forest.
      184 Brock Hill Rd, Orange, NH 03741
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    Canaan, NH 03741
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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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    1182 Us Route 4, Canaan, NH, 03741
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