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    Property profile & analytics

    1 Granite Pl Concord, NH 03301

    • Office buildings
    • 100,965 SF
    • 1.00 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0420737
    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

    • Attorney General / State Government Office
    • Administrative Office of the Courts / State Government Office / Courthouse
    • New Hampshire Attorney General's Office / State Government Office
    • New Hampshire Bus Committee / Art Gallery
    • Northeast Pharmacy / Pharmacy

    Property Details for 1 Granite Pl

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    1.00 lot acres
    Property size
    100,965 SF
    Zone code
    IS
    Property type
    Office buildings
    APN
    CNCD M:583Z B:64
    APU
    CNCDM583ZB64

    Description

    This 4,286 square foot office space, located on the first floor of a four-story building, is available for sublease until June 30, 2027. The property, situated in Merrimack County's Institutional District, offers an open floor plan, providing flexibility for various office configurations, including ample space for private offices, meeting areas, and storage. Built in 1975, the single-building campus boasts well-maintained landscaping and abundant parking. Its convenient location near downtown Concord ensures easy access to major transportation arteries, including Interstates 93 and 393, and places it just minutes away from Concord Hospital. The zoning designation is Institutional District. This sublease presents a unique opportunity to secure a well-positioned office space in a desirable Concord location with a readily adaptable layout to suit diverse business needs. The property features a traditional office design within a well-maintained campus setting. The sublease term provides a defined timeframe for occupancy, allowing for strategic planning and business growth. The proximity to downtown Concord and major highways offers excellent accessibility for employees and clients alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,098,000
      Market price range: $11.1M - $17.7M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $13,600,000
      Current use
      COMMERCIAL (GENERAL)
      $15,470,000
      Change: +14% Conversion: Easy
      RETAIL STORES
      $15,240,000
      Change: +12% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $14,235,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.5581
    Latitude
    43.2183
    CBSA code
    18180
    CBSA name
    CONCORD, NH MICROPOLITAN 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
    $124,281
    $0.00
    $4,627,000
    $4,627,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,435,000
      10,815 SF

      27 Locke Rd

      OFFICE BUILDING • 10,815 SF
      27 Locke Rd, Concord, NH 03301-5417
      View Details
    • Value Estimation
      $1,030,000
      8,314 SF

      7 Bicentennial Sq

      OFFICE BUILDING • 8,314 SF
      7 Bicentennial Sq, Concord, NH 03301
      View Details
    • Value Estimation
      $3,190,000
      28,556 SF

      4 Bouton St

      OFFICE BUILDING • 28,556 SF
      4 Bouton St, Concord, NH 03301-5006
      View Details
    • Value Estimation
      $1,820,000
      14,252 SF

      20 Chenell Dr

      OFFICE BUILDING • 14,252 SF
      20 Chenell Dr, Concord, NH 03301-8537
      View Details
    • Value Estimation
      $3,435,000
      19,104 SF

      4 Church St

      OFFICE BUILDING • 19,104 SF
      4 Church St, Concord, NH 03301-6406
      View Details
    • Value Estimation
      $1,655,000
      14,610 SF

      24 Eagle Sq

      OFFICE BUILDING • 14,610 SF
      24 Eagle Sq, Concord, NH 03301
      View Details

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    Similar Nearby for Lease

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      Office space for lease near state government and local amenities.
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      View Details
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      Concord Office Space Sublease

      Prime office space available for sublease near downtown Concord.
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      Class A Office Space Available

      Class A office space in Concord's Gateway Performance District.
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    • Contact for pricing
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      Concord Retail Center Opportunity

      High-traffic retail space, strong anchors.
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      View Details
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    1 Granite Pl
    Concord, NH 03301
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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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