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    14 Central Park Dr Hooksett, NH 03106
    Property profile & analytics

    14 Central Park Dr Hooksett, NH 03106

    View on Map
    • Office buildings
    • 119,910 SF
    • 15.07 lot acres
    For Lease
    $13,885,000
    View Listing →
    Central Park Drive Office Space For Lease
    $13,885,000

    Central Park Drive Office Space

    Office space with great views, suitable for various businesses.

    14 Central Park Dr, Hooksett, NH 3106
    View Listing
    Property ID
    US58-0265664
    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.
    Value Estimations
    $13,885,000
    Cap Rate Potential
    5.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 14 Central Park Dr

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    15.07 lot acres
    Property size
    119,910 SF
    Zone code
    MUD3
    Property type
    Office buildings
    APN
    HOOK M:37 B:2 L:2
    APU
    HOOKM37B2L2

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $13,905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $17,535,000
      6.5%
      $16,185,000
      7%
      $15,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,765,000
      Market price range: $11.7M - $35.5M
      AI Estimate
      $11,988,000
      Market price range: $6.76M - $24.6M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $21,870,000
      Current use
      AUTO REPAIR, GARAGE
      $20,050,000
      Change: -8% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $18,355,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hooksett
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4721
    Latitude
    43.043
    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
    $164,594
    $3,821,400
    $6,478,600
    $10,300,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,152 SF

      1093 Hooksett Rd

      OFFICE BUILDING • 1,152 SF
      1093 Hooksett Rd, Hooksett, NH 03106-1002
      View Details
    • Value Estimation
      $1,245,000
      7,200 SF

      171 Londonderry Tpke

      OFFICE BUILDING • 7,200 SF
      171 Londonderry Tpke, Hooksett, NH 03106-1977
      View Details
    • Value Estimation by Request
      1,496 SF

      1604 Hooksett Rd

      OFFICE BUILDING • 1,496 SF
      1604 Hooksett Rd, Hooksett, NH 03106-1666
      View Details
    • Value Estimation by Request
      2,808 SF

      1238 Hooksett Rd

      OFFICE BUILDING • 2,808 SF
      1238 Hooksett Rd, Hooksett, NH 03106-1008
      View Details
    • Value Estimation
      $605,000
      3,416 SF

      164 Londonderry Tpke

      OFFICE BUILDING • 3,416 SF
      164 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • Value Estimation
      $735,000
      4,104 SF

      1330 Hooksett Rd

      OFFICE BUILDING • 4,104 SF
      1330 Hooksett Rd, Hooksett, NH 03106-1886
      View Details

    Similar Nearby for Sale

    • $1,950,000
      12,207 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

      Mixed-Use Building with Highway Access

      Mixed-use building with warehouse, retail, and office spaces for sale.
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      Medical Property on 2 Acres

      Newly constructed medical property leased to ClearChoiceMD on 2 acres.
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    • $399,000
      1,295,474.00 Acres

      Hooksett Land Parcels For Sale

      Two large land parcels totaling almost 30 acres in Hooksett.
      347 Whitehall Rd And Chester Tpke, Hooksett, NH 03106
      View Details
    • $1,250,000

      Development Land Near Major Routes

      5 acres of development land with high traffic exposure.
      5 Cross Rd, Hooksett, NH 03106
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      15,000 SF

      Modern Hooksett Commercial Space Available

      State-of-the-art building with flexible space for lease.
      1385 Hooksett Rd, Hooksett, NH 03106
      View Details
    • Contact for pricing
      99,372 SF

      Class-A Office in Hooksett, NH

      99,372 SF Class-A office space on 35 acres.
      2 College Park Dr, Hooksett, NH 03106
      View Details
    • Contact for pricing

      Central Park Drive Office Space

      Office space with great views, suitable for various businesses.
      14 Central Park Dr, 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
    • $6 SF/Yr
      2,480 SF

      Hooksett Office Space For Rent

      Office space with private bathroom and conference room available now.
      15 Cross Rd, Hooksett, NH 03106
      View Details
    • $13 SF/Yr

      Hooksett Office Space Available

      Office space for lease in a convenient Hooksett location.
      117 Londonderry Tpke, Hooksett, NH 03106
      View Details
    View Listing
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    14 Central Park Dr
    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.

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