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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Commercial real estate
13 Water St, Newmarket, NH 03857-2091
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US58-0255767
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1930
Construction
FRAME
Total area
5,701 SF
Lot
1 ac (43,560 SF)
Zoning code
M2
APN
NMAR M:U3 B:4 L:
UPID
US58-0255767
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
-
AECm architects | engineers Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.28M
Owner & transaction history
Sayed Almousawi · 5 yrs held
Sayed Almousawi
since 2021
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
M2 · Newmarket, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+14.2%
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 Newmarket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newmarket 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
$1,425,000
ML approach
$1,415,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,315,000
Current use
AUTO REPAIR, GARAGE
$1,500,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$1,075,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.20M (Jul 1 2021)
Last sale anchor
$1.20M
Jul 1 2021
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
$224 / 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
$24,878
Tax year 2023
Assessed value
$843,600
Assessed 2023
Previous assessed
$843,600
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$247,500
Assessed improvement
$596,100
Applied tax rate
52,340.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
RADIANT
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
12
Bathrooms
5
Total area
5,701 SF
Lot
1 ac (43,560 SF)
Zoning code
M2
APN
NMAR M:U3 B:4 L:
UPID
US58-0255767
Jurisdiction
NEWMARKET TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
M2 · Newmarket, NH
Zoning M2 · permitted uses
M2 · Newmarket, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newmarket. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1930
Construction
FRAME
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
12
Bathrooms
5
Lot
1 ac
Current owner
From public records · entity-resolved
Sayed Almousawi
Individual
Mailing address
151 TREMONT ST APT 23E, BOSTON, MA 02111-1121
Ownership since
2021
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
Jul 1, 2021
$1,200,000
Sayed Almousawi
Acadia Eng&cons LLC
Condominium Deed
$900,000 · Newburyport Five Cents Savings Bank
Mar 3, 2014
$419,000
Desrosiers,roger L & Jennifer L
Acadia Engineers Constr
Warranty Deed
$314,250 · Optima Bk&tr
Nov 18, 2013
—
Acadia Engineers&constr
—
Grant Deed
related
$30,000 · Centrix Bank & Trust
Oct 23, 2013
—
Engineers Acadia
—
Deed Of Trust
related
$100,000 · John K Bosen
Aug 2, 2013
$390,000
Acadia Engineers&const
Russell C Serbagi JR
Warranty Deed
—
Feb 14, 1996
$185,000
Russell C Serbagi JR.
Albee,robert H
Warranty Deed
related
$148,000 · First National 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.
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