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Property profile & analytics
OFF-MARKET
Estimated value
$3,100,000
Retail properties & Spaces
1 Riv Rd Bedford, NH 03110-6775
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US58-0197223
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,040 SF
Lot
1.64 ac (71,438 SF)
Zoning code
PZ
APN
BEDD M:46 B:8 L:
UPID
US58-0197223
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.10M
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$3.10M
Owner & transaction history
Thomas Albert Riley Ret · 2 yrs held
Thomas Albert Riley Ret
since 2024
Last sale
$3.1M
5 recorded transactions
Zoning & alternative use
PZ · Bedford, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+71.2%
Restaurant
$3.4M
+59.0%
Auto repair, garage
$2.5M
+18.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bedford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,100,000
ML approach
$3,100,000
CAP Approach
CAP Return
Estimation
6%
$3,600,000
6.5%
$3,325,000
7%
$3,085,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,120,000
Current use
OFFICE BUILDING
$3,630,000
Change: +71% · Conversion: Easy
RESTAURANT
$3,370,000
Change: +59% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,515,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,360,000
Change: +11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,300,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$3.10M
Range $2.79M – $3.41M · ±10% · vs last sale $3.10M (Jun 28 2024)
Last sale anchor
$3.10M
Jun 28 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$206 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,652
Tax year 2023
Assessed value
$2,206,200
Assessed 2023
Previous assessed
$2,206,200
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$545,400
Assessed improvement
$1,660,800
Applied tax rate
4,500.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
15,040 SF
Lot
1.64 ac (71,438 SF)
Zoning code
PZ
APN
BEDD M:46 B:8 L:
UPID
US58-0197223
Jurisdiction
BEDFORD TOWN
Zoning & alternative use
PZ · Bedford, NH
Zoning PZ · permitted uses
PZ · Bedford, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bedford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Thomas Albert Riley Ret
Individual
Mailing address
3 S BECKER CIR, GLOUCESTER, MA 01930-2110
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$3,100,000
Thomas Albert Riley Ret
P&p RT
Warranty Deed
$2,300,000 · Bellwether Community Credit Union
Dec 28, 2017
—
P & P Realty Trust
—
Deed
related
$2,000,000 · Institution For Svgs/newbury
Sep 11, 2012
$3,850,000
P&p RT
Acv Skyline Rad 8 LLC
Warranty Deed
—
Aug 12, 2008
$3,420,000
Acv Skyline Rad08 LLC
Pjc Realty Co INC
Warranty Deed
$72,877,000 · Fortress Credit
—
—
P & P Realty Trust
—
Deed Of Trust
related
$2,000,000 · Institution For Svgs/newbury
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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