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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Office buildings
2 Wellman Ave, Nashua, NH 03064-1463
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US58-0052853
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
FRAME
Total area
7,824 SF
Lot
0.74 ac (32,234 SF)
Zoning code
LB
APN
NASH M:60 L:00035
UPID
US58-0052853
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
-
Treen Box & Pallet Corporation Freight Service Logistics Company
-
Tax Team of New England Tax Preparation
-
Donna Larue & Associates Social Service Agency Medical Clinic
-
Elise M. Bon-Rudin, EdD Counselor Doctor
-
North Light Counseling Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$1.18M
Owner & transaction history
Bnmc Nh Realty LLC · 3 yrs held
Bnmc Nh Realty LLC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
LB · Nashua, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+58.1%
Retail stores
$1.4M
+40.0%
Auto repair, garage
$1.4M
+35.5%
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 Nashua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nashua 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
$1,245,000
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,020,000
Current use
RESTAURANT
$1,615,000
Change: +58% · Conversion: Moderate
RETAIL STORES
$1,430,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,385,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,310,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.18M (Oct 14 2022)
Last sale anchor
$1.18M
Oct 14 2022
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
$151 / 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
$15,171
Tax year 2023
Assessed value
$832,200
Assessed 2023
Previous assessed
$832,200
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$205,900
Assessed improvement
$626,300
Applied tax rate
50,260.0000
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
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
7,824 SF
Lot
0.74 ac (32,234 SF)
Zoning code
LB
APN
NASH M:60 L:00035
UPID
US58-0052853
Jurisdiction
NASHUA CITY
Zoning & alternative use
LB · Nashua, NH
Zoning LB · permitted uses
LB · Nashua, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nashua. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Bnmc Nh Realty LLC
Entity
Mailing address
2 WELLMAN AVE, NASHUA, NH 03064-1463
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$1,175,000
Bnmc Nh Realty LLC
Rais Prol LLC
Warranty Deed
$940,000 · Meredith Village Savings Bank
Jan 8, 2021
$320,000
Conner Riel
Chad S Cedell
Warranty Deed
—
Jun 15, 2011
—
Rais Prol LLC
—
Deed Of Trust
related
$180,000 · Hampshire First Bank
Mar 29, 2002
$542,500
Rais Prol LLC
Stabile,john P 2nd
Warranty Deed
$400,000 · Citizens Bank Of 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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