10 Morgan Dr Lebanon, NH 03766-1409
Entity Owned
3-yr Hold
~
Est. High Equity
Estimated value (blended)
$12.35M
Range $11.12M – $13.59M (±10%)
Implied cap rate
4.50%
In-place · NOI ÷ last sale
Property ID
US58-0215326
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
STEEL FRAME
Total area
74,917 SF
Lot
7.97 ac (347,173 SF)
Zoning code
INDL
APN
LBAN M:10 B:11 L:1302
UPID
US58-0215326
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hotel & Motel
-
Construction Company General Contractor
-
College
-
Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.42M
CAP Approach
CAP
$10.41M
Comparable Approach
Comparable
$10.26M
Blend (final)
Blend
$12.35M
Owner & transaction history
since 2022
Last sale
$15.0M
6 recorded transactions
Zoning & alternative use
INDL · Lebanon, NH
Top alternative use upside
Restaurant
$7.6M
+29.4%
Auto repair, garage
$7.4M
+26.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$12.35M
Value range
$11.12M – $13.59M
±10% around blend
Estimated value / SF
$165 / SF
Confidence
None
1 county-verified comps
Property data
88
Comparable evidence
10
$11.12M
blend $12.35M
$13.59M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
74,917 SF
Lot area
7.97 ac
Year built
2006
Stories
4
APN
LBAN M:10 B:11 L:1302
Assessed value
$15,733,100
Annual tax
$382,000
3
Income approach: direct capitalization
Partial preview
Income approach indication
$10.41M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$11.28M
@ 6.5% CAP return
$10.41M
@ 7% CAP return
$9.67M
4
Sales comparison
Partial preview
Sales approach indication
$10.26M
Weighted, 0 comps · none confidence
Evidence
1 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.35M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+29%
vs current-use indication
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 1 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
4.50%
Implied, in-place cap rate for this hotels
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.50%
9.0%
NOI (est.)
$1.05M *
Last sale · Dec 2022
$15.01M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$23.34M
Move the market yield to see immediate price impact.
Value / SF
$312
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.00%4.50%5.00%
$945k
$23.63M
$21.01M
$18.91M
$1.05M
$26.26M
$23.34M
$21.01M
$1.16M
$28.89M
$25.68M
$23.11M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
1 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$382,000
Tax year 2023
Assessed value
$15,733,100
Assessed 2023
Previous assessed
$15,733,100
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$2,054,400
Assessed improvement
$13,678,700
Applied tax rate
41,300.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
124
Rooms
124
Bathrooms
124
Total area
74,917 SF
Lot
7.97 ac (347,173 SF)
Zoning code
INDL
APN
LBAN M:10 B:11 L:1302
UPID
US58-0215326
Jurisdiction
LEBANON
Zoning & alternative use
INDL · Lebanon, NHZoning INDL · permitted uses
INDL · Lebanon, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
124
Rooms
124
Bathrooms
124
Lot
7.97 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
INDL
Jurisdiction
Lebanon, NH
Recorded code
INDL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for INDL in Lebanon, NH.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10 Morgan Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
