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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Commercial real estate
1215 Ocean Blvd Rye, NH 03870-2206
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US58-0353989
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
5,572 SF
Lot
2.3 ac (100,188 SF)
Zoning code
BUS
APN
RYEE M:173 B:006
UPID
US58-0353989
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
-
Atlantic Four Winds Efficiency Hotel & Motel Resort
-
The Driftwood Hotel & Motel Resort
-
Pizza Lidos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$830k
Owner & transaction history
Samonas Realty Trust · 9 yrs held
Samonas Realty Trust
since 2017
6 recorded transactions
Zoning & alternative use
BUS · Rye, 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 Rye submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rye 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%
$865,000
6.5%
$800,000
7%
$740,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,285,000
Current use
RETAIL STORES
$1,205,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$1,050,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$149 / 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
$14,585
Tax year 2023
Assessed value
$1,816,300
Assessed 2023
Previous assessed
$1,816,300
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$1,380,900
Assessed improvement
$435,400
Applied tax rate
66,180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
BASEBOARD
Buildings
9
Stories
2
Units
4
Total area
5,572 SF
Lot
2.3 ac (100,188 SF)
Zoning code
BUS
APN
RYEE M:173 B:006
UPID
US58-0353989
Jurisdiction
RYE TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
BUS · Rye, NH
Zoning BUS · permitted uses
BUS · Rye, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rye. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1950
Heating
BASEBOARD
Stories
2
Buildings
9
Units
4
Lot
2.3 ac
Current owner
From public records · entity-resolved
Samonas Realty Trust
Trust
Mailing address
111 BOW ST, PORTSMOUTH, NH 03801-3838
Ownership since
2017
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
Mar 30, 2017
$1,200,000
Samonas Realty Trust
Twelve Fifteen Ocn Boulevard L
Warranty Deed
$200,000 · Philbrick Daniel J SR Tr (pt)
May 18, 2015
$1,500,000
Twelve Fifteen Ocean Boulevard
Aikens,peter J JR
Warranty Deed
$3,100,000 · Eastern Bk
Feb 12, 2009
—
Peter J Aikens JR.
—
Deed Of Trust
related
$50,000 · Federal Savings Bank
Aug 14, 1997
$350,000
Peter J Aikens JR.
Katsonis,george C
Warranty Deed
$320,000 · Katsonis G & J
Aug 23, 1996
$135,000
Peter J Aikens JR.
Defazio,joan E
Warranty Deed
$99,000 · Olde Port Bank & Trust
—
—
Twelve Fifteen Ocean Boulevard
—
Deed Of Trust
related
$3,440,000 · Eastern Bk
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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