New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Office buildings
114 Locust St, Dover, NH 03820-3755
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US58-0004766
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1834
Construction
FRAME
Lot
0.43 ac (18,731 SF)
Zoning code
CBD-M
APN
DOVR M:09087 B: L:
UPID
US58-0004766
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
Current use
Occupant on record · Public records
-
Leddy Group Employment Agency
-
Work Opportunities Unlimited Employment Agency
-
John Hinsman Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Work Opportunities Unltd · 1 yrs held
Work Opportunities Unltd
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CBD-M · Dover, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Dover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dover 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,305
Tax year 2023
Assessed value
$978,900
Assessed 2023
Previous assessed
$760,600
+28.7% YoY
Effective rate
1.87%
On assessed value
Assessed land
$173,800
Assessed improvement
$805,100
Applied tax rate
18,820.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1834
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Units
1
Lot
0.43 ac (18,731 SF)
Zoning code
CBD-M
APN
DOVR M:09087 B: L:
UPID
US58-0004766
Jurisdiction
DOVER CITY
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
CBD-M · Dover, NH
Zoning CBD-M · permitted uses
CBD-M · Dover, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1834
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Work Opportunities Unltd
Individual
Mailing address
15 HEATHER DR, RYE, NH 03870-6123
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$1,320,000
Work Opportunities Unltd
Sts Property LLC
Warranty Deed
$1,056,000 · M & T Bank
Nov 19, 2021
—
Sts Property LLC
—
Deed
related
$487,500 · Service Cu
Mar 27, 2007
—
Sts Property LLC
—
Deed Of Trust
related
$25,000 · Ocean National Bank
Feb 6, 2006
—
Sts Prop LLC
—
Deed Of Trust
related
$15,000 · Ocean National Bank
Apr 21, 2005
$565,800
Sts Property LLC
Klare Invsts LLC
Warranty Deed
—
Apr 21, 2005
—
Sts Properties LLC
—
Deed Of Trust
related
$452,000 · Ocean National Bank
May 15, 2003
$449,000
Klare Invsts LLC
Wesson Realty
Warranty Deed
$337,000 · Federal Savings Bank
Apr 30, 1999
$270,000
Wesson Rlty LLC
Advanced Systems
Warranty Deed
$216,000 · Federal Savings Bank
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.
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 114 Locust St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
