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    21 Commercial Ln Rindge, NH 03461
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    Property profile & analytics

    21 Commercial Ln, Rindge, NH 03461

    View on Map
    • Showrooms
    • 34,567 SF
    • 12.80 lot acres
    For Lease
    $156 SF/Yr
    View Listing →
    Retail Space on Route 202 For Lease
    $156 SF/Yr

    Retail Space on Route 202

    Retail space available in high-traffic area near Massachusetts border.

    21 Commercial Ln, Rindge, NH 3461
    View Listing
    Property ID
    US58-0415403
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AutoZone Auto Parts / Auto Parts Store
    • Tractor Supply Co. / Pet Store & Service

    Property Details for 21 Commercial Ln

    Year built
    2011
    Construction
    STEEL FRAME
    Lot size
    12.80 lot acres
    Zone code
    COM
    Property type
    Showrooms
    APN
    RIND M:6 L:99 U:3
    APU
    RINDM6L99U3

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2022 — Galaxy North LLC — Deed · related $3.7M · Cornerstone Bank

    Description

    This exceptional Class A retail property, located on Route 202, offers 8,000 square feet of immediately available space in a thriving commercial center. The single-story building totals 33,857 square feet and comprises three suites. The available space is contiguous and presents a unique opportunity for a variety of commercial uses, particularly given its proximity to major retailers. The property boasts a highly desirable location with zero vacancy in the immediate trade area, ensuring strong foot traffic and visibility. Its strategic position offers easy access to a large customer base, being just minutes from the Massachusetts border. Strong co-tenancy includes well-established national brands such as Auto Zone and Tractor Supply. Across the street, you'll find major anchors like Walmart and Hannaford, further enhancing the property's appeal and drawing significant consumer traffic. Additional nearby retailers include Market Basket, Verizon, TD Bank, Subway, KFC, Taco Bell, and Valvoline Instant Oil Change, creating a vibrant and diverse retail environment. The property features no elevators, suitable for single-story commercial operations. This is a rare opportunity to secure a prime retail space in a high-demand location with exceptional visibility and strong co-tenancy. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,206,000
      Market price range: $1.50M - $3.77M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rindge
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.0345
    Latitude
    42.7416
    CBSA code
    28300
    CBSA name
    KEENE, NH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $83,451
    $326,000
    $3,006,700
    $3,332,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $945,000
      17,951 SF

      199 Nn St

      SHOW ROOM, WAREHOUSE
      199 Nn St, Rindge, NH 03461-5945
      View Details
    • Value Estimation
      $625,000
      5,592 SF

      145 Us Rte 202

      SHOW ROOM, WAREHOUSE
      145 Us Rte 202, Rindge, NH 03461-7154
      View Details
    • Value Estimation
      $4,870,000
      69,485 SF

      750 Us Rte 202

      SHOW ROOM, WAREHOUSE
      750 Us Rte 202, Rindge, NH 03461-5615
      View Details
    • Value Estimation
      $695,000
      14,965 SF

      18 Lisa Dr

      SHOW ROOM, WAREHOUSE
      18 Lisa Dr, Rindge, NH 03461
      View Details
    • Value Estimation
      $755,000
      11,332 SF

      1090 Nh Rte 119

      SHOW ROOM, WAREHOUSE
      1090 Nh Rte 119, Rindge, NH 03461
      View Details
    • Value Estimation
      $935,000
      8,270 SF

      1448 Nh Rte 119

      SHOW ROOM, WAREHOUSE
      1448 Nh Rte 119, Rindge, NH 03461-5626
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

      Fully Leased Retail Investment Property

      Fully leased retail property built in 2020 with strong tenants.
      1448 Nh Route 119, Rindge, NH 03461
      View Details
    • $65,000
      0.73 Acres

      Rindge Land on Route 119

      0.73-acre lot with visibility and potential in Rindge, NH.
      New Hampshire Rte 119, Rindge, NH 03461
      View Details
    • Contact for pricing
      3,600 SF

      Commercial Land with Route 119 Frontage

      Commercial land with permits for drive-thru near Franklin Pierce.
      1448 Nh-119, Rindge, NH 03461
      View Details
    View Listing
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    Rindge, NH 03461
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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