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    100 Tri City Rd Somersworth, NH 03878-1321

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    100 Tri City Rd Somersworth, NH 03878-1321

    View on Map
    • Warehouses
    • 56,604 SF
    • 5.03 lot acres
    Off-Market
    Property ID
    US58-0589535
    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.
    Value Estimations
    $5,820,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Weave Filtration / Factory / Industrial Manufacturer
    • Stanley Steemer / Carpet Cleaning Service / Air Duct Cleaning Service
    • Mellowland LLC / Warehouse & Storage
    • Downeast Custom Vans LLC / Car Dealership

    Property Details for 100 Tri City Rd

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    5.03 lot acres
    Property size
    56,604 SF
    Zone code
    B
    Property type
    Warehouses
    APN
    SMSW M:39 B:01 L:0
    APU
    SMSWM39B01L0

    Description

    This exceptional 52,138 square foot multi-tenant warehouse, situated on a 5.03-acre lot at 100 Tri City Road, presents a fantastic opportunity. Built in 1970 and extensively renovated in 2020, this six-story building offers a range of modern amenities. Currently, a 2,335 square foot unit is available, featuring a 14' ceiling height, a 14' x 14' overhead door, and approximately 100 square feet of office space. The unit includes HVAC, 200 amp, 208-volt, 3-phase electrical service, and an ADA-compliant bathroom. The building boasts ceiling heights ranging from 14' to 19', depending on the unit. Individual electric and HVAC metering ensures efficient utility management. The property's convenient location just off Exit 9 of the Spaulding Turnpike provides easy access to major transportation arteries. The zoning allows for multiple uses, including industrial, commercial, and retail. The lease rate is $14.50 per square foot, modified gross, with tenants responsible for heat and electricity. A minimum two-year lease is required. The property includes only two total parking spaces. This is an ideal space for businesses seeking a modern, well-located warehouse facility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,435,000
      RESTAURANT
      $6,735,000
      RETAIL STORES
      $5,320,000
      OFFICE BUILDING
      $5,305,000
      AUTO REPAIR, GARAGE
      $5,260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Somersworth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.8782
    Latitude
    43.2285
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-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
    $69,637
    $428,700
    $1,948,000
    $2,376,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,770,000
      46,425 SF

      29 Interstate Dr

      WAREHOUSE, STORAGE • 46,425 SF
      29 Interstate Dr, Somersworth, NH 03878-1210
      View Details
    • Value Estimation
      $8,905,000
      90,112 SF

      9 Interstate Dr

      WAREHOUSE, STORAGE • 90,112 SF
      9 Interstate Dr, Somersworth, NH 03878-1210
      View Details
    • Value Estimation by Request
      11,324 SF

      338 Main St

      WAREHOUSE, STORAGE • 11,324 SF
      338 Main St, Somersworth, NH 03878-2110
      View Details
    • Value Estimation by Request
      3,540 SF

      432 Rte 108

      BULK STORAGE, TANKS • 3,540 SF
      432 Rte 108, Somersworth, NH 03878-2011
      View Details
    • Value Estimation by Request
      1.69 Acres

      362 Rte 108th, Unit C

      WAREHOUSE, STORAGE • 1.69 Acres
      362 Rte 108th, Somersworth, NH 03878-1646
      View Details
    • Value Estimation
      $6,245,000
      61,963 SF

      45 Ctr Rd

      WAREHOUSE, STORAGE • 61,963 SF
      45 Ctr Rd, Somersworth, NH 03878-2927
      View Details

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    100 Tri City Rd
    Somersworth, NH 03878-1321
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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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