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    Property profile & analytics

    1118 Hooksett Rd Hooksett, NH 03106-1005

    • Auto shops
    • 6,580 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0350553
    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

    • Auto shops

    Property Details for 1118 Hooksett Rd

    Year built
    1948
    Construction
    FRAME
    Lot size
    1.37 lot acres
    Property size
    6,580 SF
    Zone code
    PZ
    Property type
    Auto shops
    APN
    HOOK M:41 B:92
    APU
    HOOKM41B92

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $811,000
      Market price range: $517k - $1.79M
      AI Estimate
      $611,000
      Market price range: $363k - $1.35M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $930,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hooksett
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4378
    Latitude
    43.0305
    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
    $12,790
    $354,500
    $445,900
    $800,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      Dartmouth St

      AUTO REPAIR, GARAGE • 1,800 SF
      Dartmouth St, Hooksett, NH 03106
      View Details
    • Value Estimation by Request
      1,230 SF

      1194 Hooksett Rd

      AUTO REPAIR, GARAGE • 1,230 SF
      1194 Hooksett Rd, Hooksett, NH 03106-1028
      View Details
    • Value Estimation
      $915,000
      2,004 SF

      1378 Hooksett Rd

      AUTO REPAIR, GARAGE • 2,004 SF
      1378 Hooksett Rd, Hooksett, NH 03106-1853
      View Details
    • Value Estimation by Request
      1,276 SF

      1170 Hooksett Rd

      AUTO REPAIR, GARAGE • 1,276 SF
      1170 Hooksett Rd, Hooksett, NH 03106-1028
      View Details
    • Value Estimation by Request
      1,800 SF

      1348 Hooksett Rd

      AUTO REPAIR, GARAGE • 1,800 SF
      1348 Hooksett Rd, Hooksett, NH 03106-1816
      View Details
    • Value Estimation by Request
      4,660 SF

      310 Londonderry Tpke

      AUTO REPAIR, GARAGE • 4,660 SF
      310 Londonderry Tpke, Hooksett, NH 03106-1905
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,900 SF

      Hooksett Road Retail Opportunity

      5,900 SF retail space with showroom and service bays.
      1191 Hooksett Rd, Hooksett, NH 03106
      View Details
    • $975,000
      1,863 SF

      Hooksett Restaurant and Real Estate

      Established takeout restaurant with apartment and outdoor seating for sale.
      1391 Hooksett Rd, Hooksett, NH 03106
      View Details
    • Contact for pricing
      48,765 SF

      Hooksett Retail Property For Sale

      Retail property available for purchase in Hooksett, New Hampshire.
      1292 Hooksett Rd, Hooksett, NH 03106
      View Details
    • $1,900,000
      18,240 SF

      Mixed-Use Building with Highway Access

      Mixed-use building with warehouse, retail, and office spaces available.
      198 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • Contact for pricing
      3.30 Acres

      Hooksett Waterfront Development Land

      Prime 3.3-acre waterfront lot, build your dream.
      321 River Rd, Hooksett, NH 03106
      View Details
    • $1,250,000
      5.00 Acres

      Hooksett Development Land For Sale

      5 acres of commercial land with high traffic counts.
      5 Cross Rd, Hooksett, NH 03106
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Updated Commercial Flex Space Available

      Modern flex space for lease in a high-traffic location.
      187 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Hooksett

      4,800 SF retail space available for lease.
      1273 Hooksett Rd, Hooksett, NH 03106
      View Details
    • Contact for pricing
      12,500 SF

      Hooksett Retail Space For Rent

      Grocery-anchored shopping center space available in Hooksett, New Hampshire.
      1328 Hooksett Rd, Hooksett, NH 03106
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Bedford, NH

      Highly visible retail space available for lease in Bedford.
      1 S River Rd, Bedford, NH 03106
      View Details
    • $16 SF/Yr
      5,538 SF

      Hooksett Road Commercial Space

      Spacious commercial space ideal for retail, office, or mixed-use.
      1575 Hooksett Rd, Hooksett, NH 03106
      View Details
    • $12 SF/Yr
      8,578 SF

      Granite Hill Shoppes Retail Space

      Prime retail suites available in Hooksett's active commercial corridor.
      1461 Hooksett Rd, Hooksett, NH 03106
      View Details
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    1118 Hooksett Rd
    Hooksett, NH 03106-1005
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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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