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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Office buildings
20 Chenell Dr Concord, NH 03301-8537
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US58-0250305
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
FRAME
Total area
14,252 SF
Lot
2.04 ac (88,862 SF)
Zoning code
IN
APN
CNCD M:633Z B:1
UPID
US58-0250305
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
-
The Lawson Group Financial Advisor Insurance Agency
-
Comp-Sigma Ltd Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.82M
Owner & transaction history
Zed Props LLC · 24 yrs held
Zed Props LLC
since 2001
7 recorded transactions
Zoning & alternative use
IN · Concord, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Industrial (IN) District is established for the development of manufacturing, research and development facilities, wholesaling, warehousing, distribution, and offices, wherein full municipal utility services are available as is access to the City's collector and arterial streets, and adequate screening is provided for adjacent neighborhoods. Access may a…
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
1,688.77 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$2.9M
+53.5%
Commercial (general)
$2.2M
+13.8%
Retail stores
$2.2M
+12.1%
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 Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,920,000
Current use
AUTO REPAIR, GARAGE
$2,945,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,185,000
Change: +14% · Conversion: Easy
RETAIL STORES
$2,150,000
Change: +12% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,010,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±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
$128 / 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
$52,605
Tax year 2023
Assessed value
$1,958,500
Assessed 2023
Previous assessed
$1,958,500
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$307,900
Assessed improvement
$1,650,600
Applied tax rate
14,200.0000
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
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
14,252 SF
Lot
2.04 ac (88,862 SF)
Zoning code
IN
APN
CNCD M:633Z B:1
UPID
US58-0250305
Jurisdiction
CONCORD CITY
Zoning & alternative use
IN · Concord, NHZoning IN · permitted uses
IN · Concord, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Industrial (IN) District is established for the development of manufacturing, research and development facilities, wholesaling, warehousing, distribution, and offices, wherein full municipal utility services are available as is access to the City's collector and arterial streets, and adequate screening is provided for adjacent neighborhoods. Access may also be available to rail or air transportation within the IN District.
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
1,688.77 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (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
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
2.04 ac
Current owner
From public records · entity-resolved
Zed Props LLC
Entity
Mailing address
PO BOX 3304, CONCORD, NH 03302-3304
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2018
—
Zed Properties LLC
—
Deed
related
$325,000 · Merrimack Cnty Svgs Bk
Oct 26, 2017
—
Zed Properties LLC
—
Deed
related
$1,200,000 · Merrimack Cnty Svgs Bk
Aug 5, 2014
—
Zed Properties LLC
—
Grant Deed
related
$1,125,000 · Merrimack Cnty Svgs Bk
Jun 13, 2013
—
Zed Properties LLC
—
Deed Of Trust
related
$1,213,211 · Banknorth NA
Jun 24, 2009
—
Zed Properties LLC
—
Deed Of Trust
related
$385,000 · Banknorth NA
May 27, 2008
—
Zed Properties LLC
—
Deed Of Trust
related
$659,635 · Banknorth NA
Aug 29, 2001
$102,000
Zed Props LLC
Captl Regional Dev Counci
Warranty Deed
$800,000 · Granite Savings Bank
—
—
Zed Properties LLC
—
Deed Of Trust
related
$325,000 · Merrimack Cnty Svgs Bk
—
—
Zed Properties LLC
—
Deed Of Trust
related
$1,200,000 · Merrimack Cnty Svgs Bk
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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