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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1385 Hooksett Rd Hooksett, NH 03106

    • Commercial land
    • 2.83 lot acres
    For Lease
    View listing
    Last Sale
    Apr 28, 2023
    $825,000
    Value Estimations
    $685,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0701626
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 1385 Hooksett Rd

    Lot size
    2.83 lot acres
    Zone code
    PZ
    Property type
    Commercial land
    APN
    HOOK M:18 B:31
    APU
    HOOKM18B31

    Description

    This state-of-the-art, two-story building in Hooksett, NH, boasts 15,000 square feet of prime commercial space, ideally situated on Route 3 for high visibility and accessibility. Completion is anticipated by year's end. The building features a modern front lobby and a convenient elevator, enhancing functionality and accessibility for tenants. Ample parking is available on-site, catering to the needs of both employees and customers. The flexible floor plan allows for a variety of uses, with space options ranging from 1,750 square feet to 14,000 square feet, accommodating businesses of all sizes. Permitted uses include, but are not limited to, research and development, office spaces, retail establishments, commercial and personal services, restaurants, medical and dental practices, and childcare facilities. This exceptional location offers high car counts, ensuring significant exposure for your business. The building's modern design and versatile layout make it an ideal choice for a wide range of commercial ventures seeking a prominent presence in Hooksett's thriving business community. Inquire today to secure your space in this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $610,000
      ML approach
      $485,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hooksett
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4465
    Latitude
    43.0671
    CBSA code
    18180
    CBSA name
    CONCORD, NH 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
    $9,521
    $595,800
    $0.00
    $595,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.62 Acres

      1214 Hooksett Rd

      VACANT COMMERCIAL LAND • 3.62 Acres
      1214 Hooksett Rd, Hooksett, NH 03106-1008
      View Details
    • Value Estimation by Request
      25.43 Acres

      214 Londonderry Tpke

      VACANT COMMERCIAL LAND • 25.43 Acres
      214 Londonderry Tpke, Hooksett, NH 03106-1960
      View Details
    • Value Estimation by Request
      5.36 Acres

      47 Hackett Hl Rd

      VACANT COMMERCIAL LAND • 5.36 Acres
      47 Hackett Hl Rd, Hooksett, NH 03106-2508
      View Details
    • Value Estimation by Request
      1.30 Acres

      1143 Hooksett Rd

      VACANT COMMERCIAL LAND • 1.30 Acres
      1143 Hooksett Rd, Hooksett, NH 03106-1004
      View Details
    • Value Estimation by Request
      0.95 Acres

      1332 Hooksett Rd

      VACANT COMMERCIAL LAND • 0.95 Acres
      1332 Hooksett Rd, Hooksett, NH 03106-1842
      View Details
    • Value Estimation by Request
      7.97 Acres

      1631 Hooksett Rd

      VACANT COMMERCIAL LAND • 7.97 Acres
      1631 Hooksett Rd, Hooksett, NH 03106-1664
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Hooksett Road Land Parcel

      40+ acre land parcel with frontage on Hooksett Road.
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    • $1,600,000
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      Hooksett Commercial Land For Sale

      6.97 acre commercial building lot with 1,350 feet of frontage.
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    • $1,350,000
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      Hooksett Land Parcels For Sale

      Two large land parcels totaling almost 30 acres in Hooksett.
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      Hooksett Commercial Land For Sale

      Commercial building lot with road frontage in Hooksett, New Hampshire.
      1601 Hooksett Rd, Hooksett, NH 03106
      View Details
    • $499,000

      Hookset Commercial Lot Near I-93

      3.33-acre commercial lot with frontage on the Merrimack River.
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    Similar Nearby for Lease

    • $2,000 /Mo

      Waterfront Land Ready to Build

      3.37 acre waterfront site with highway access.
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    • $120 SF/Yr

      Hooksett Road Retail Opportunity

      Prime Hooksett location, high traffic, 4600+ sq ft.
      1329 Hooksett Rd, Hooksett, NH 03106
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    • $13 SF/Yr
      2,000 SF

      Hooksett Office Space For Rent

      Office space available in Hooksett, NH near major routes.
      117 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • $14 SF/Yr
      3,500 SF

      Efficient Office Space For Rent

      Office space with shared reception, ample parking, convenient highway access.
      26 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • Contact for pricing
      432 SF

      Hooksett Office Space For Lease

      Office space for lease with shared amenities and ample parking.
      9 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • Contact for pricing

      New Industrial Distribution Facility

      500,000 sq ft industrial distribution facility in Hooksett, NH.
      Hooksett, NH 03106
      View Details
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    1385 Hooksett Rd
    Hooksett, NH 03106
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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.

    More about this property
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