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    Property profile & analytics

    223 2Nd St Manchester, NH 03102

    • Industrial properties
    • 36,808 SF
    • 0.69 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $930,000
    Last Sale
    May 03, 2022
    $950,000
    Location Intelligence
    Property ID
    US58-0263126
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 223 2Nd St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    36,808 SF
    Property type
    Industrial properties
    APN
    MNCH M:0200 B:000 L:0018
    APU
    MNCHM0200B000L0018

    Description

    This exceptional Manchester, NH industrial property offers 39,139 square feet of warehouse and flex space, ideally suited for multiple tenants. The building, constructed in 1920 and featuring two stories, provides flexible options ranging from 2,000 to 24,200 contiguous square feet. Currently, 32,736 square feet are available for lease. The property boasts two loading docks and one drive-in door, with potential for expansion. Power is supplied by a 1200A, 340V, 3-phase system. Located at 223 Second St, Manchester, NH 03102, this B-2 General Business zoned property offers convenient access to I-293 and is just 25 minutes from the Massachusetts border. Ample parking is available across the street. This versatile space is perfect for businesses seeking a well-located, adaptable industrial solution in a thriving downtown area. The property's central location and flexible space options make it an attractive opportunity for a variety of industrial and flex-use tenants. The existing infrastructure, including loading docks and ample power, ensures efficient operations. The potential for additional drive-in access further enhances the property's functionality and appeal.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $905,000

    • CAP approach

      CAP return
      Estimation
      6%
      $830,000
      6.5%
      $970,000
      7%
      $875,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,100,000
      Geo Method
      $1,015,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $870,000
      Retail
      $755,000
      Mixed-Use
      $960,000
      Hospitality
      $875,000
      Educational
      $785,000
      Residential Income
      $835,000
      Energy
      $750,000
      Income-Based Land
      $885,000
      Food Service
      $835,000

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4723
    Latitude
    42.98
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,252
    $128,800
    $1,210,100
    $1,338,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      100 Biron St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 108,819 SF
      100 Biron St, Manchester, NH 03102
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    • Value Estimation
      $305,000
      7,039 SF

      95 Eddy Rd Ste, Unit 201

      CONDOMINIUMS (INDUSTRIAL) • 7,039 SF
      95 Eddy Rd Ste, Manchester, NH 03102-3258
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    • Value Estimation by Request
      16,446 SF

      97 Eddy Rd Ste, Unit 5

      CONDOMINIUMS (INDUSTRIAL) • 16,446 SF
      97 Eddy Rd Ste, Manchester, NH 03102-3257
      View Details
    • Value Estimation
      $255,000
      1,680 SF

      11 Davignon St

      LUMBERYARD, BUILDING MATERIALS • 1,680 SF
      11 Davignon St, Manchester, NH 03102
      View Details
    • Value Estimation by Request
      3,257 SF

      736 Mast Rd

      LUMBERYARD, BUILDING MATERIALS • 3,257 SF
      736 Mast Rd, Manchester, NH 03102-1404
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing

      Commercial Space in Manchester, NH

      Commercial space for lease in Manchester, New Hampshire.
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    223 2Nd St
    Manchester, NH 03102
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    Realmo Value Estimation

    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.

    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.

    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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