Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    721 Chestnut St Manchester, NH 03104-3002

    • Showrooms
    • 3,550 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0182712
    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

    • Christine Kannler / Dermatologist / Health Care Facility
    • Jennifer Stead / Dermatologist
    • Northeast Dermatology Associates / Dermatologist
    • Patricia Magaw / Nurse Practitioner
    • Michelle White / Nurse Practitioner

    Property Details for 721 Chestnut St

    Year built
    1968
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property size
    3,550 SF
    Property type
    Showrooms
    APN
    MNCH M:0071 B:000 L:0005
    APU
    MNCHM0071B000L0005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $175,000
      6.5%
      $160,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $160,000
      Mixed-Use
      $145,000
      Hospitality
      $185,000
      Educational
      $190,000
      Residential Income
      $170,000
      Energy
      $185,000
      Income-Based Land
      $195,000
      Food Service
      $190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4621
    Latitude
    43.0038
    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
    $8,747
    $119,200
    $344,600
    $463,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      20,256 SF

      138 Webster St

      SHOW ROOM, WAREHOUSE • 20,256 SF
      138 Webster St, Manchester, NH 03104-2512
      View Details
    • Value Estimation
      $470,000
      2,454 SF

      722 Pne St

      SHOW ROOM, WAREHOUSE • 2,454 SF
      722 Pne St, Manchester, NH 03104-3108
      View Details
    • Value Estimation
      $270,000
      2,402 SF

      322 Lowell St

      SHOW ROOM, WAREHOUSE • 2,402 SF
      322 Lowell St, Manchester, NH 03104-5064
      View Details
    • Value Estimation
      $220,000
      2,382 SF

      722 Chestnut St

      SHOW ROOM, WAREHOUSE • 2,382 SF
      722 Chestnut St, Manchester, NH 03104-3001
      View Details
    • Value Estimation by Request
      7,035 SF

      250 Riv Rd

      SHOW ROOM, WAREHOUSE • 7,035 SF
      250 Riv Rd, Manchester, NH 03104-2423
      View Details
    • Value Estimation
      $300,000
      3,363 SF

      424 Hanover St

      SHOW ROOM, WAREHOUSE • 3,363 SF
      424 Hanover St, Manchester, NH 03104-5101
      View Details

    Similar Nearby for Sale

    • $7,250,000
      28,128 SF

      Mixed-Use Building in Central Business District

      Four-story mixed-use building with apartments, offices, and cafe.
      235 Hanover St, Manchester, NH 03104
      View Details
    • $425,000
      2,999 SF

      Retail Property in Manchester, NH

      Retail property available for sale in Manchester, NH.
      215 Hanover St, Manchester, NH 03104
      View Details
    • $550,000
      0.50 Acres

      Manchester Commercial Land - $550K

      Prime 0.5-acre lot, ideal for commercial development.
      203 Londonderry Tpke, Manchester, NH 03104
      View Details
    • $514,900

      Bridge Street Specialty Property

      Specialty property available for sale on Bridge Street.
      260 Bridge St, Manchester, NH 03104
      View Details
    • $454,900

      Specialty Property For Sale

      Specialty property available for purchase.
      412 Amherst St, Manchester, NH 03104
      View Details
    • $725,000

      Spacious Triplex in Northend Neighborhood

      Three-unit property with large units, updated features, and oversized lot.
      883 Union St, Manchester, NH 03104
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing

      Commercial Space in Manchester, NH

      Retail space available for lease in Manchester, New Hampshire.
      132 Orange St, Manchester, NH 03104
      View Details
    • Contact for pricing
      1,392 SF

      Retail Space in Bedford Center

      Retail space available in shopping center with major co-tenants.
      85 S River Rd, Bedford, NH 03104
      View Details
    • $17 SF/Yr
      9,960 SF

      Retail Space on Hooksett Road

      9,960 SF retail space available for lease.
      53 Hooksett Rd, Manchester, NH 03104
      View Details
    • $1,150 /Mo
      722 SF

      Downtown Retail Storefront Opportunity

      Highly visible retail storefront in Manchester's downtown district.
      655 Chestnut St, Manchester, NH 03104
      View Details
    • Contact for pricing
      1,600 SF

      Prime Retail Space in Manchester

      1,600 SF office/retail space in high-traffic area.
      545-555 Hooksett Rd, Manchester, NH 03104
      View Details
    • Contact for pricing
      1,600 SF

      Retail Pad Available

      Retail space available for rent.
      545 Hooksett Rd, Manchester, NH 03104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    721 Chestnut St
    Manchester, NH 03104-3002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.