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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
170 Lowell St Manchester, NH 03104-4846
Entity Owned
4-yr Hold
Free & Clear
Property ID
US58-0672927
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Construction
FRAME
Total area
4,484 SF
Lot
0.23 ac (9,979 SF)
APN
MNCH M:0021 B:000 L:0023
UPID
US58-0672927
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
-
Greater Manchester Aids Pr Std Testing Service
-
healthy spa Alternative Medicine Practice Spa & Massage Center
-
Progressive Investments Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$429k
Blend (final)
Blend
$550k
Owner & transaction history
Nlg Properties LLC · 4 yrs held
Nlg Properties LLC
since 2021
Last sale
$540,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$750,000
+44.1%
Retail stores
$630,000
+21.5%
Commercial (general)
$555,000
+6.6%
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
$560,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$520,000
Current use
AUTO REPAIR, GARAGE
$750,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$630,000
Change: +21% · Conversion: Moderate
COMMERCIAL (GENERAL)
$555,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$425,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $540k (Dec 8 2021)
Last sale anchor
$540k
Dec 8 2021
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
$123 / 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
$6,616
Tax year 2023
Assessed value
$350,800
Assessed 2023
Previous assessed
$350,800
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$107,700
Assessed improvement
$243,100
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 Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Total area
4,484 SF
Lot
0.23 ac (9,979 SF)
APN
MNCH M:0021 B:000 L:0023
UPID
US58-0672927
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
OFFICE BUILDING Current
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$750,000
RETAIL STORES
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$555,000
WAREHOUSE, STORAGE
Est. value
$425,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1910
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Nlg Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
15 LITTLES LN, PEABODY, MA 01960
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
$540,000
Nlg Properties LLC
H&m Landry Ft
Warranty Deed
—
Feb 12, 2020
—
Landry,h & M Family Trust
Thomas P Landry
Quit Claim Deed
related
—
Aug 6, 2012
—
Thomas P Landry
—
Deed Of Trust
related
$150,015 · John Mancarella
Jul 7, 2004
$355,600
Thomas P Landry
Sja Fournier Enterprises
Warranty Deed
$192,108 · Zwi Kohorn
Oct 23, 2002
$250,000
Sja Fournier Enterprise
Louis M Mancarella T
Grant Deed
$200,000 · Lm Mancarella Trust
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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