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    2626 Brown Ave Manchester, NH 03103

    • Super regional malls
    • 29,462 SF
    • 3.41 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    $545,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0363868
    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

    • Miracle-Ear Hearing Aid Center / Hearing Aid Store / Otolaryngologist
    • Miss Kelsey's Dance Studio LLC / Dance School
    • Big Easy Bagel & Deli / Bagel Shop / Breakfast Restaurant
    • Solomon Casket / Funeral Home
    • Neighborhood Variety / Variety Store

    Property Details for 2626 Brown Ave

    Year built
    1976
    Construction
    STEEL FRAME
    Lot size
    3.41 lot acres
    Property size
    29,462 SF
    Property type
    Super regional malls
    APN
    MNCH M:0695 B:000 L:0002
    APU
    MNCHM0695B000L0002

    Description

    This Manchester, NH property (2626 Brown Ave, 03103) offers versatile retail and industrial flex space in a single-story, Class B building constructed in 1976. The 3.41-acre lot features a total of 5,480 square feet currently vacant, divisible into units as small as 1,060 square feet, with a maximum contiguous space of 1,578 square feet. Two suites are available within the building, which boasts 120 parking spaces and is zoned R-1B. The property enjoys high visibility with pylon signage, experiencing over 16,000 vehicles daily. Its convenient location provides easy access to major highways and the Manchester/Boston Regional Airport. One available space is a desirable double-wide end unit ready for immediate occupancy, and another is a former veterinary clinic. For commercial bay users, two bays are available, featuring roll-up doors, bathrooms, and a 10' 7" clear height, ideally situated at a signalized intersection. This established shopping plaza presents a prime opportunity for businesses seeking high-traffic exposure and convenient access.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $447,000
      Market price range: $340k - $794k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $560,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4544
    Latitude
    42.9379
    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
    $51,927
    $360,500
    $2,392,800
    $2,753,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $570,000
      29,704 SF

      245 Maple St

      REGIONAL SHOPPING CENTER, MALL • 29,704 SF
      245 Maple St, Manchester, NH 03103-5434
      View Details
    • Value Estimation
      $895,000
      114,380 SF

      933 Willow St

      REGIONAL SHOPPING CENTER, MALL • 114,380 SF
      933 Willow St, Manchester, NH 03103
      View Details
    • Value Estimation
      $12,580,000
      81,215 SF

      777th S Willow St

      REGIONAL SHOPPING CENTER, MALL • 81,215 SF
      777th S Willow St, Manchester, NH 03103-4021
      View Details
    • Value Estimation
      $470,000
      13,930 SF

      150 Kaye St

      REGIONAL SHOPPING CENTER, MALL • 13,930 SF
      150 Kaye St, Manchester, NH 03103-3253
      View Details
    • Value Estimation
      $540,000
      20,312 SF

      555 Willow St

      REGIONAL SHOPPING CENTER, MALL • 20,312 SF
      555 Willow St, Manchester, NH 03103-5705
      View Details
    • Value Estimation
      $445,000
      16,490 SF

      100 Cahill Ave

      REGIONAL SHOPPING CENTER, MALL • 16,490 SF
      100 Cahill Ave, Manchester, NH 03103-4000
      View Details

    Similar Nearby for Sale

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      Restaurant and Retail Property For Sale

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    Similar Nearby for Lease

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      Dominant 68,644 SF anchor space in Manchester Commons shopping center.
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      Retail/Office Space For Lease

      High-traffic location near Mall of NH with ample parking.
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      View Details
    • Contact for pricing
      5,268 SF

      Retail Space in South Willow

      Retail space for lease in Manchester near Mall of NH.
      1525 S Willow St, Manchester, NH 03103
      View Details
    • $33 SF/Yr
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      Prime Retail Space Available

      Versatile commercial space in a thriving Manchester location.
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    • $29 SF/Yr
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      Retail Space in Wireless Plaza

      Retail space available in high-traffic Wireless Plaza.
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      Manchester Retail Space For Lease

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      View Details
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    2626 Brown Ave
    Manchester, NH 03103
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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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