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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Office buildings
19 Morgan Dr, Lebanon, NH 03766-1408
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US58-0388461
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
FRAME
Total area
7,824 SF
Lot
2.05 ac (89,298 SF)
Zoning code
INDL
APN
LBAN M:10 B:11 L:1000
UPID
US58-0388461
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
-
TSS Wealth Management, LLC Financial Advisor
-
Tyler, Simms & St. Sauveur, CPAs, P.C. Accounting Firm
-
Hare Dawn Insurance Agency
-
HFMA NH VT Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
Tss Morgan Dr LLC · 14 yrs held
Tss Morgan Dr LLC
since 2012
5 recorded transactions
Zoning & alternative use
INDL · Lebanon, 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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,680,000
6.5%
$1,555,000
7%
$1,440,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Current use
RETAIL STORES
$1,295,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$161 / 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
$48,509
Tax year 2023
Assessed value
$1,997,900
Assessed 2023
Previous assessed
$1,997,900
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$520,100
Assessed improvement
$1,477,800
Applied tax rate
41,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
7,824 SF
Lot
2.05 ac (89,298 SF)
Zoning code
INDL
APN
LBAN M:10 B:11 L:1000
UPID
US58-0388461
Jurisdiction
LEBANON
Zoning & alternative use
INDL · Lebanon, NH
Zoning INDL · permitted uses
INDL · Lebanon, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lebanon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
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
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
2.05 ac
Current owner
From public records · entity-resolved
Tss Morgan Dr LLC
Entity
Mailing address
19 MORGAN DR, LEBANON, NH 03766-1408
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Jun 1, 2012
—
Tss Morgan Dr LLC
—
Deed Of Trust
related
$65,000 · Lake Sunapee Bank Nh
Oct 1, 2010
—
Tss Morgan Drive LLC
—
Deed Of Trust
related
$655,000 · Lake Sunapee Bank Nh
Mar 19, 2009
—
Tss Morgan Drive LLC
—
Deed Of Trust
related
$128,000 · Lake Sunapee Bank Nh
Oct 16, 2006
—
Tss Moragan Drive LLC
—
Deed Of Trust
related
$115,000 · Lake Sunapee Bank Nh
Mar 29, 2006
—
Tss Moragan Drive LLC
—
Deed Of Trust
related
$105,000 · Lake Sunapee Bank Nh
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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