New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Retail space
149 Hanover St, Manchester, NH 03101-2235
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US58-0012703
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,000 SF
Lot
0.34 ac (14,700 SF)
APN
MNCH M:0050 B:000 L:0024A
UPID
US58-0012703
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
-
SubItUp (Bike/Boat/Book/etc) Store Corporate Office
-
True North Healing Center Crisis Center Medical Clinic
-
Hanover Street Chophouse Restaurant
-
Butenhof & Bomster Law Firm
-
Ann N. Butenhof Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
$3.32M
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.64M
Owner & transaction history
149 Hanover Street LLC · 2 yrs held
149 Hanover Street LLC
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+59.0%
Office building
$2.7M
+29.4%
Auto repair, garage
$2.5M
+18.6%
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
Method
Estimation
Statistic approach
$1,980,000
ML approach
$2,115,000
CAP Approach
CAP Return
Estimation
6%
$3,590,000
6.5%
$3,315,000
7%
$3,080,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,115,000
Current use
RESTAURANT
$3,360,000
Change: +59% · Conversion: Easy
OFFICE BUILDING
$2,735,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,510,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,355,000
Change: +11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,295,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±10% · vs last sale $2.76M (Oct 31 2023)
Last sale anchor
$2.76M
Oct 31 2023
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
$176 / 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
$35,710
Tax year 2023
Assessed value
$1,893,400
Assessed 2023
Previous assessed
$1,893,400
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$238,200
Assessed improvement
$1,655,200
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 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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
5
Bathrooms
8
Total area
15,000 SF
Lot
0.34 ac (14,700 SF)
APN
MNCH M:0050 B:000 L:0024A
UPID
US58-0012703
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
RESTAURANT
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
5
Bathrooms
8
Lot
0.34 ac
Current owner
From public records · entity-resolved
149 Hanover Street LLC
Entity
Mailing address
149 HANOVER ST, MANCHESTER, NH 03101-2235
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$2,758,000
149 Hanover Street LLC
Charles F Rolecek Ret
Warranty Deed
$2,280,000 · Enterprise Bank & Trust Co
Jun 30, 2017
—
Rolecek,charles F Trust
—
Deed
related
$2,100,000 · Bank Of Nh
May 5, 2004
$1,400,000
Charles F Rolecek T
Hanover Pine LLC
Warranty Deed
—
Dec 16, 2003
$689,200
Hanover Pine LLC
149 Hanover St LLC
Warranty Deed
related
—
Mar 12, 1999
$545,000
149 Hanover St LLC
Fnma
Warranty Deed
$540,000 · Bank Of New Hampshire
—
—
Rolecek,charles F Trust
—
Deed Of Trust
related
$1,100,000 · Eastern Bk
—
—
Rolecek,charles F Trust
—
Deed Of Trust
related
$2,100,000 · Bank Of Nh
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 149 Hanover St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
