Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16 Water St Concord, NH 03301-4844

    • Automotive properties
    • 3,222 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0210345
    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

    • Concord Auto Spa / Car Detailing Service / Car Wash

    Property Details for 16 Water St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    3,222 SF
    Zone code
    GWP
    Property type
    Automotive properties
    APN
    CNCD M:743Z B:14
    APU
    CNCDM743ZB14

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $430,000
      Market price range: $252k - $863k
      AI Estimate
      $225,000
      Market price range: $186k - $544k

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.5289
    Latitude
    43.1953
    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
    $7,623
    $170,900
    $112,900
    $283,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,035,000
      76,705 SF

      137 Manchester St

      VEHICLE SALES, RENTALS • 76,705 SF
      137 Manchester St, Concord, NH 03301-5118
      View Details
    • Value Estimation
      $360,000
      1,456 SF

      124 Manchester St

      VEHICLE SALES, RENTALS • 1,456 SF
      124 Manchester St, Concord, NH 03301-5112
      View Details
    • Value Estimation
      $455,000
      5,148 SF

      54 Manchester St

      VEHICLE SALES, RENTALS • 5,148 SF
      54 Manchester St, Concord, NH 03301-5108
      View Details
    • Value Estimation
      $560,000
      18,307 SF

      96 Manchester St

      VEHICLE SALES, RENTALS • 18,307 SF
      96 Manchester St, Concord, NH 03301
      View Details
    • Value Estimation
      $450,000
      4,494 SF

      13 Manchester St

      VEHICLE SALES, RENTALS • 4,494 SF
      13 Manchester St, Concord, NH 03301-5106
      View Details
    • Value Estimation
      $3,220,000
      9,500 SF

      150 Manchester St

      VEHICLE SALES, RENTALS • 9,500 SF
      150 Manchester St, Concord, NH 03301-5112
      View Details

    Similar Nearby for Sale

    • $1,990,000
      14,947 SF

      Concord Retail Investment Opportunity

      High-traffic location, mixed-use potential
      161 Loudon Rd, Concord, NH 03301
      View Details
    • $999,900

      Retail/Residential Multi Opportunity

      Country general store with three apartments in East Concord Village.
      11 Eastman St, Concord, NH 03301
      View Details
    • Contact for pricing

      Concord Pad Sites Available

      Pad sites for lease or sale with drive-thru permitted.
      265 Loudon Rd, Concord, NH 03301
      View Details
    • $1,150,000
      16,108 SF

      Iconic Concord Building For Sale

      Historic building with modern upgrades in downtown Concord.
      26 Pleasant Street Ext, Concord, NH 03301
      View Details
    • Contact for pricing
      6,200 SF

      Concord Retail Pad Space For Sale

      High-traffic retail pad, lease or buy.
      265 Loudon Rd, Concord, NH 03301
      View Details
    • Contact for pricing

      Retail Space with Signalized Access

      Freestanding retail space with high traffic and immediate availability.
      Concord, NH 03301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      176,216 SF

      Fort Eddy Plaza Retail Space

      Concord, NH Retail Center - Multiple Suites Available
      68 Fort Eddy Rd, Concord, NH 03301
      View Details
    • $9 SF/Yr
      12,000 SF

      Food Processing Facility For Lease

      12,000± SF industrial space, move-in ready food processing facility.
      178 Silk Farm Rd, Concord, NH 03301
      View Details
    • $18 SF/Yr

      Downtown Concord Retail Corner Suite

      Retail suite for lease in downtown Concord, New Hampshire.
      39 N Main St, Concord, NH 03301
      View Details
    • $1,800,000
      12,000 SF

      Downtown Concord Two-Story Retail Building

      Two-story retail building in downtown Concord available for lease/purchase.
      97 Storrs St, Concord, NH 03301
      View Details
    • Contact for pricing
      392,311 SF

      Concord Retail Space Available

      Prime Concord retail, multiple spaces available.
      270 Loudon Rd, Concord, NH 03301
      View Details
    • $2,500 /Mo

      Office and Retail Space Available

      Office and retail spaces for rent in Concord, New Hampshire.
      14 Chennell Dr, Concord, NH 03301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16 Water St
    Concord, NH 03301-4844
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.