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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Office buildings
17 12th Lebanon St, Hanover, NH 03755-2184
Entity Owned
21-yr Hold
Free & Clear
Property ID
US58-0379141
Property summary
AI-generated overview
This exceptional second-floor office space, located in the heart of Hanover, New Hampshire's vibrant downtown, offers 1000 square feet of versatile commercial space. The layout is thoughtfully designed with two expansive areas and a dedicated private office, providing ample room for various business needs. The space is easily accessible via elevator, a significant advantage for clients and employees. One off-street parking space is included, a rare find in this desirable location. The building's prime downtown position ensures excellent visibility and exposure for your business, attracting potential customers and enhancing your professional image. This is an ideal opportunity for businesses seeking a well-appointed, convenient, and highly visible office space in the thriving Hanover community. The lease terms are flexible and negotiable, making this an attractive option for a variety of businesses. The property is ready for immediate occupancy, allowing you to quickly establish your presence in this sought-after area. Don't miss this chance to secure a fantastic office space in the heart of Hanover. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
STEEL FRAME
Total area
7,262 SF
Lot
0.09 ac (3,777 SF)
Zoning code
D1
APN
HNOV M:034 B:058 L:001
UPID
US58-0379141
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
-
Olivia Martin, Realtor Real Estate Agency
-
Four Seasons Sotheby's International Realty Real Estate Agency
-
Jay Farrar, VT/NH Realtor, Real Estate Agent at Four Seasons Sotheby's Int'l Realty serving Upper Valley, Hanover, Norwich Real Estate Agency
-
C&A Pizza Restaurant
-
Woodsville Guaranty Savings Bank Business Lending Office Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.07M
Owner & transaction history
Lilan LLC · 21 yrs held
Lilan LLC
since 2004
1 recorded transaction
Zoning & alternative use
D1 · Hanover, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
by Request
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
$1,560,000
6.5%
$1,440,000
7%
$1,340,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,475,000
Current use
RETAIL STORES
$1,200,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10%
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
$147 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$23,759
Tax year 2022
Assessed value
$1,335,500
Assessed 2022
Previous assessed
$1,335,500
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$525,900
Assessed improvement
$809,600
Applied tax rate
33,860.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Total area
7,262 SF
Lot
0.09 ac (3,777 SF)
Zoning code
D1
APN
HNOV M:034 B:058 L:001
UPID
US58-0379141
Jurisdiction
HANOVER TOWN
Zoning & alternative use
D1 · Hanover, NH
Zoning D1 · permitted uses
D1 · Hanover, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
RETAIL STORES
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
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Lilan LLC
Entity
Free & Clear · 21 yrs held
Mailing address
7 BALCH HL LN, HANOVER, NH 03755-1623
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2004
$1,900,000
Lilan LLC
Serrys INC
Warranty Deed
—
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.
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