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    12 Centerra Pkwy Lebanon, NH 03766
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    12 Centerra Pkwy, Lebanon, NH 03766

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    • Commercial real estate
    • 10.74 lot acres
    For Lease
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    Retail Space Near Dartmouth College For Lease
    Contact for pricing
    4,162 SF

    Retail Space Near Dartmouth College

    Retail space available near Dartmouth College and Medical Center.

    12 Centerra Parkway, Lebanon, NH
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    Property ID
    US58-0171373
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NH Liquor & Wine Outlet / (Bike/Boat/Book/etc) Store
    • Coop Food Store—Lebanon / Grocery & Convenience Store / Food Market
    • Co-op: Floral Shop / (Bike/Boat/Book/etc) Store / Florist
    • TD Bank ATM / Atm
    • Dartmouth Hitchcock Medical Center Pharmacy at Centerra / Pharmacy

    Property Details for 12 Centerra Pkwy

    Lot size
    10.74 lot acres
    Zone code
    INDL
    Property type
    Commercial real estate
    APN
    LBAN M:10 B:11 L:100
    APU
    LBANM10B11L100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 27, 2024 — Cp Centerra Land LLC — Deed · related $2.6M · Rockland Trust Co
    Dec 6, 2016 $15,550,000 Cp Centerra LLC Centerra Marketplace INC Warranty Deed · related $11.9M · Blue Hills Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Grafton
    State
    New Hampshire
    Longitude
    -72.261
    Latitude
    43.6762
    CBSA code
    30100
    CBSA name
    LEBANON, NH-VT 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
    $323,839
    $2,281,700
    $11,056,000
    $13,337,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      15.60 Acres

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      220 Mechanic St, Lebanon, NH 03766-1516
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      1.69 Acres

      103 Hanover St

      COMMERCIAL (GENERAL)
      103 Hanover St, Lebanon, NH 03766-1098
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    • Value Estimation by Request
      1,800 SF

      10 Brk Rd

      SHOW ROOM, WAREHOUSE
      10 Brk Rd, Lebanon, NH 03766
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    • Value Estimation by Request
      2,092 SF

      364 Miracle Mile

      COMMERCIAL (GENERAL)
      364 Miracle Mile, Lebanon, NH 03766-2635
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      3,420 SF

      9 Pershing St

      SHOW ROOM, WAREHOUSE
      9 Pershing St, Lebanon, NH 03766-1463
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    • Value Estimation by Request
      36.66 Acres

      67 Etna Rd

      COMMERCIAL (GENERAL)
      67 Etna Rd, Lebanon, NH 03766-1455
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lebanon, NH Specialty Property

      Specialty property available for sale in Lebanon, New Hampshire.
      326 Dartmouth College Hwy, Lebanon, NH 03766
      View Details
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      Retail Site on Miracle Mile

      0.86 acre retail site on the Miracle Mile.
      345 Miracle Mile, Lebanon, NH 03766
      View Details
    • $275,000
      13.23 Acres

      Lebanon Land with Existing Well

      13+ acre parcel near Route 4 with well and septic.
      503 Dartmouth College Hwy, Lebanon, NH 03766
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    • $1,600,000
      3,700 SF

      Versatile Commercial Property on 7 Acres

      Mixed-use commercial property with road frontage and multiple buildings.
      240 Meriden Rd, Lebanon, NH 03766
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    Similar Nearby for Lease

    • Contact for pricing
      4,335 SF

      Renovated Mill Office and Retail

      Office and retail space in riverfront complex available for rent.
      85 Mechanic St, Lebanon, NH 03766
      View Details
    • Contact for pricing
      4,606 SF

      Class A Office Space

      Class A office space with mix of offices and open space.
      21 Lafayette St, Lebanon, NH 03766
      View Details
    • Contact for pricing
      3,695 SF

      Retail/Medical Space on Colburn Park

      Former dental office space with 24 sinks and ADA access.
      1 Court St, Lebanon, NH 03766
      View Details
    • $1,100 /Mo

      Downtown Lebanon Office Space Available

      420 sq ft office space with utilities included.
      1 School St, Lebanon, NH 03766
      View Details

    Property Visit Statistics

    • Visits by month
      7.4k
    • Visitors by month
      5.1k
    • Avg Time on site
      15 min
    View Listing
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    Lebanon, NH 03766
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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.

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