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Property profile & analytics
OFF-MARKET
Estimated value
$5,335,000
Hotels
2 Ss St, Hanover, NH 03755-2101
Entity Owned
16-yr Hold
Free & Clear
Property ID
US58-0032393
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2010
Construction
STEEL FRAME
Total area
38,671 SF
Lot
0.39 ac (17,008 SF)
Zoning code
D1
APN
HNOV M:034 B:037 L:001
UPID
US58-0032393
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.37M
Comparable Approach
Comparable
$5.29M
Blend (final)
Blend
$5.34M
Owner & transaction history
Hanover Hospitality LLC · 16 yrs held
Hanover Hospitality LLC
since 2009
3 recorded transactions
Zoning & alternative use
D1 · Hanover, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.9M
+192.7%
Commercial (general)
$6.1M
+99.7%
Restaurant
$3.9M
+29.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,820,000
6.5%
$5,370,000
7%
$4,990,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,890,000
Change: +193% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,065,000
Change: +100% · Conversion: Difficult
RESTAURANT
$3,930,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,835,000
Change: +26% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,385,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$3,270,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$5.34M
Range $4.80M – $5.87M · ±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
$138 / 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
$149,071
Tax year 2022
Assessed value
$8,379,500
Assessed 2022
Previous assessed
$8,379,500
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$2,124,000
Assessed improvement
$6,255,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
69
Rooms
69
Bathrooms
73
Total area
38,671 SF
Lot
0.39 ac (17,008 SF)
Zoning code
D1
APN
HNOV M:034 B:037 L:001
UPID
US58-0032393
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
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$6.1M
RESTAURANT
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$3.3M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2010
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
69
Rooms
69
Bathrooms
73
Lot
0.39 ac
Current owner
From public records · entity-resolved
Hanover Hospitality LLC
Entity
Free & Clear · 16 yrs held
Mailing address
15 MAIN ST STE #210, FREEPORT, ME 04032-1100
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2010
—
Hanover Hospitality LLC
—
Deed Of Trust
related
$3,624,000 · Granite State Economic Develop
Oct 2, 2009
$2,250,000
Hanover Hospitality LLC
Dorks R Us
Warranty Deed
—
Mar 20, 2009
$2,250,000
Dorks R Us
White,francis R
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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