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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1279 Willow St Manchester, NH 03103-4015
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US58-0672953
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1977
Construction
STEEL FRAME
Total area
41,559 SF
Lot
5.12 ac (222,911 SF)
APN
MNCH M:0875 B:000 L:0010
UPID
US58-0672953
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
-
Revo Casino and Social House Hotel & Motel Resort
-
1279 So Willow LLC Bingo Hall
-
Dr. Craig Packard Pediatrician Physician
-
Robert Swotinsky Physician
-
Michael Monahan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nhre LLC · 1 yrs held
Nhre LLC
since 2025
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
$96,026
Tax year 2023
Assessed value
$5,091,500
Assessed 2023
Previous assessed
$5,091,500
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,724,400
Assessed improvement
$2,367,100
Applied tax rate
45,140.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
7
Total area
41,559 SF
Lot
5.12 ac (222,911 SF)
APN
MNCH M:0875 B:000 L:0010
UPID
US58-0672953
Jurisdiction
MANCHESTER CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
7
Lot
5.12 ac
Current owner
From public records · entity-resolved
Nhre LLC
Entity
Mailing address
1662 ELM ST STE #100, MANCHESTER, NH 03101-1243
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
Jun 5, 2025
$15,000,000
Nhre LLC
1279 South Willow LLC
Warranty Deed
$11,000,000 · Primary Bank
Jan 5, 2023
—
1279 South Willow LLC
—
Deed
related
—
Oct 17, 2016
—
1279 South Willow LLC
—
Deed
related
$14,000,000 · Merchants Bk
Jun 13, 2011
—
179 South Willow LLC
—
Deed Of Trust
related
$1,020,000 · Peoples Bank
May 13, 2011
—
1279 South Willow LLC
—
Deed Of Trust
related
$875,000 · Peoples Bank
Nov 10, 2003
$3,300,000
1279 South Willow LLC
Twelve Seventy Nine Assoc
Warranty Deed
$2,720,000 · Ocean National Bank
—
—
1279 South Willow LLC
—
Deed Of Trust
related
$2,800,000 · People's United Bk
—
—
1279 South Willow LLC
—
Deed Of Trust
related
$14,000,000 · Merchants 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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