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    166 S River Rd Bedford, NH 03110
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    Property profile & analytics

    166 S River Rd Bedford, NH 03110

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    • Office buildings
    • 24,712 SF
    • 2.46 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Professionally Managed Office Space Available For Lease
    $20 SF/Yr
    2,600 SF

    Professionally Managed Office Space Available

    First-class office spaces with flexible floor plans and natural light.

    166 S River Rd, Bedford, NH 3110
    View Listing
    Property ID
    US58-0129475
    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

    • Office buildings

    Property Details for 166 S River Rd

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    2.46 lot acres
    Property size
    24,712 SF
    Zone code
    PZ
    Property type
    Office buildings
    APN
    BEDD M:22 B:58 L:
    APU
    BEDDM22B58L

    Description

    This exceptional Class B office building, Bedford Crossing, located at 166 S River Rd, Bedford, NH 03110, offers a variety of executive office suites for lease. The 24,693 square foot building, constructed in 1980 and renovated in 2015, features one building with two stories and is situated in a Performance Zone. Available spaces range from a compact 235 square feet (Suite 110B on the first floor) to larger contiguous spaces up to 7,389 square feet (combining Suites 205 and 220 on the second floor). Suite 205 offers 2,000 to 4,389 square feet, while Suite 220 provides 3,000 square feet. These larger suites include a mix of open space, private offices, conference rooms, and kitchenettes. Suite 240, also on the second floor, comprises 1,515 square feet with open space, an office, and a kitchenette. Shared restrooms are conveniently located on each floor, with a shared kitchen available on the first floor. The property boasts ample on-site parking for tenants and guests. The building enjoys a high-image professional management and benefits from abundant natural light. Its strategic location provides easy access to Manchester-Boston Regional Airport and downtown Bedford (approximately 7 minutes away), and a lighted intersection at Meetinghouse Road ensures convenient access. Currently, 9,139 square feet of space is vacant. The minimum divisible space is 235 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,615,000
      6.5%
      $3,335,000
      7%
      $3,095,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,826,000
      Market price range: $2.29M - $5.80M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.478
    Latitude
    42.9486
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH METROPOLITAN 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
    $41,116
    $779,900
    $1,998,200
    $2,778,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,090,000
      7,402 SF

      3 Hawthorne Dr

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      3 Hawthorne Dr, Bedford, NH 03110-6909
      View Details
    • Value Estimation
      $4,460,000
      30,576 SF

      4 Hawthorne Dr

      OFFICE BUILDING • 30,576 SF
      4 Hawthorne Dr, Bedford, NH 03110-6983
      View Details
    • Value Estimation
      $8,610,000
      63,260 SF

      4 Bedford Farms Dr

      OFFICE BUILDING • 63,260 SF
      4 Bedford Farms Dr, Bedford, NH 03110-6528
      View Details
    • Value Estimation
      $2,160,000
      11,420 SF

      331 Riv Rd

      OFFICE BUILDING • 11,420 SF
      331 Riv Rd, Bedford, NH 03110-6831
      View Details
    • Value Estimation
      $2,660,000
      9,104 SF

      170 Riv Rd

      OFFICE BUILDING • 9,104 SF
      170 Riv Rd, Bedford, NH 03110-6941
      View Details
    • Value Estimation
      $1,010,000
      5,100 SF

      3 Nashua Rd

      OFFICE BUILDING • 5,100 SF
      3 Nashua Rd, Bedford, NH 03110-5515
      View Details

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    Bedford, NH 03110
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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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