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    15 Us Route 302 Bartlett, NH 03838
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    Property profile & analytics

    15 Us Route 302 Bartlett, NH 03838

    View on Map
    • Showrooms
    • 16,268 SF
    • 1.78 lot acres
    For Lease
    $1,525,000
    View Listing →
    Renovated Commercial Space on Route For Lease
    $1,525,000

    Renovated Commercial Space on Route

    2,400 SF renovated commercial space suitable for retail or office.

    15 US Route 302, Bartlett, NH 03838
    View Listing
    Property ID
    US58-0603757
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 15 Us Route 302

    Year built
    1980
    Construction
    FRAME
    Lot size
    1.78 lot acres
    Property size
    16,268 SF
    Zone code
    TOWN C
    Property type
    Showrooms
    APN
    BART M:2RT302 L:00009 S:00L00
    APU
    BARTM2RT302L00009S00L00

    Description

    This exceptional 2,400 square foot commercial unit, completely renovated in 2022, presents a unique opportunity in the heart of Bartlett, NH. Located at the highly visible intersection of Route 302 and Route 16, this property boasts excellent street-level exposure and significant foot traffic. The open-concept floor plan offers versatile space ideal for retail, medical, or office use. A convenient 12x16 storage area or private office is situated at the rear of the building, providing additional functionality. The property sits on a 1.78-acre lot, ensuring ample parking for customers and employees. This prime location benefits from the synergistic presence of established businesses, including Grant's Supermarket, Cranmore Health Partners, H&R Block, and Saco Bay Physical Therapy, creating a thriving commercial environment. The high visibility, abundant parking, and strong neighboring businesses make this an exceptional investment opportunity with significant potential for growth and success. The asking price is $10 million. This property is ready for immediate occupancy and offers a rare chance to establish a thriving business in a bustling, high-traffic location. Don't miss this chance to secure a prominent presence in Bartlett's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,830,000
      Market price range: $1.80M - $4.41M
      AI Estimate
      $955,000
      Market price range: $647k - $2.40M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Carroll
    State
    New Hampshire
    Longitude
    -71.1809
    Latitude
    44.11

    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
    $8,708
    $263,900
    $1,423,700
    $1,687,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,750 SF

      39 Nh Rte 16th 302

      SHOW ROOM, WAREHOUSE • 4,750 SF
      39 Nh Rte 16th 302, Bartlett, NH 03812
      View Details
    • Value Estimation by Request
      3,498 SF

      541 Crawford Notch Rd

      SHOW ROOM, WAREHOUSE • 3,498 SF
      541 Crawford Notch Rd, Bartlett, NH 03812
      View Details
    • Value Estimation
      $705,000
      7,194 SF

      961 Hurricane Mtn Rd

      SHOW ROOM, WAREHOUSE • 7,194 SF
      961 Hurricane Mtn Rd, Bartlett, NH 03812
      View Details
    • Value Estimation
      $545,000
      5,352 SF

      357 Crawford Notch Rd

      SHOW ROOM, WAREHOUSE • 5,352 SF
      357 Crawford Notch Rd, Bartlett, NH 03812
      View Details
    • Value Estimation by Request
      822 SF

      1235 Us Rte 302

      SHOW ROOM, WAREHOUSE • 822 SF
      1235 Us Rte 302, Bartlett, NH 03812
      View Details
    • Value Estimation
      $590,000
      6,139 SF

      1366 Us Rte 302

      SHOW ROOM, WAREHOUSE • 6,139 SF
      1366 Us Rte 302, Bartlett, NH 03812
      View Details

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    • $595,000
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      Former Bank Building on Route

      Highly visible 2353 sq ft building on 1.1 acres.
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      View Details
    • $450,000
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      Bartlett Commercial and Multi-Family Investment

      High-visibility commercial and residential property in Mount Washington Valley.
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      Bartlett Mixed-Use Investment Opportunity

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    Bartlett, NH 03838
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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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