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Property profile & analytics
FOR LEASE
Industrial properties
12 Star Dr, Merrimack, NH 03054
Entity Owned
~
Est. High Equity
Property ID
US58-0055054
For Lease
1 / 3
$1,085,000
12 Star Dr, Merrimack, NH 03054
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
STEEL FRAME
Total area
11,502 SF
Lot
1.26 ac (54,929 SF)
Zoning code
INDUST
APN
MRMK M:03D-1 L:000010 S:000000
UPID
US58-0055054
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
-
Able Crane Service, Inc. Construction Company Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Kolodze Realty LLC
Kolodze Realty LLC
since 2026
6 recorded transactions
Zoning & alternative use
INDUST · Merrimack, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+24.1%
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 Merrimack submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merrimack 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,645,000
6.5%
$1,515,000
7%
$1,410,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,375,000
Current use
OFFICE BUILDING
$1,710,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
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
$17,701
Tax year 2023
Assessed value
$910,100
Assessed 2023
Previous assessed
$910,100
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$267,900
Assessed improvement
$642,200
Applied tax rate
47,540.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Bathrooms
4
Total area
11,502 SF
Lot
1.26 ac (54,929 SF)
Zoning code
INDUST
APN
MRMK M:03D-1 L:000010 S:000000
UPID
US58-0055054
Jurisdiction
MERRIMACK TOWN
Zoning & alternative use
INDUST · Merrimack, NH
Zoning INDUST · permitted uses
INDUST · Merrimack, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Merrimack. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Bathrooms
4
Lot
1.26 ac
Current owner
From public records · entity-resolved
Kolodze Realty LLC
Entity
Mailing address
11 AUTUMN LN, MERRIMACK, NH 03054-2946
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
$598,000
Kolodze Realty LLC
Corbin Detail Bldrs LLC
Warranty Deed
$356,875 · Primary Bank
Jan 27, 2020
—
Larry Doty LLC
—
Deed
related
$100,000 · Triangle Cu
Mar 24, 2017
$275,000
G & B LLC
Corbin Detail Builders LLC
Warranty Deed
—
Dec 19, 2012
$150,000
C&k Realty LLC
Olsen Claire F Est
Grant Deed
—
Dec 6, 2000
$355,000
C&k Rlty LLC
James Austin Co
Warranty Deed
—
Jul 15, 1999
$285,000
Austin Co,james
Mccarthy,john J
Warranty Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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