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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Warehouses
21 Technology Dr West Lebanon, NH 03784-1632
Individually Owned
3-yr Hold
Free & Clear
Property ID
US58-0270155
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
STEEL FRAME
Total area
19,397 SF
Lot
2.03 ac (88,427 SF)
Zoning code
INDL
APN
LBAN M:145 B:1 L:
UPID
US58-0270155
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
$3.00M
CAP Approach
CAP
$3.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Novo Nordisk U S Bio Prod · 3 yrs held
Novo Nordisk U S Bio Prod
since 2023
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
INDL · West Lebanon, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.2M
+419.3%
Office building
$2.3M
+280.6%
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 West Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$3,105,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
$3,570,000
6.5%
$3,295,000
7%
$3,060,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,185,000
Change: +419% · Conversion: Easy
OFFICE BUILDING
$2,335,000
Change: +281% · Conversion: Difficult
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±10% · vs last sale $4.00M (May 16 2023)
Last sale anchor
$4.00M
May 16 2023
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
$179 / 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
$30,316
Tax year 2023
Assessed value
$1,248,600
Assessed 2023
Previous assessed
$1,248,600
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$564,900
Assessed improvement
$683,700
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 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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
3
Bathrooms
2
Total area
19,397 SF
Lot
2.03 ac (88,427 SF)
Zoning code
INDL
APN
LBAN M:145 B:1 L:
UPID
US58-0270155
Jurisdiction
LEBANON
Zoning & alternative use
INDL · West Lebanon, NH
Zoning INDL · permitted uses
INDL · West Lebanon, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Lebanon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.3M
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1990
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
3
Bathrooms
2
Lot
2.03 ac
Current owner
From public records · entity-resolved
Novo Nordisk U S Bio Prod
Individual
Free & Clear · 3 yrs held
Mailing address
21 TECHNOLOGY DR, WEST LEBANON, NH 03784-1632
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 16, 2023
$4,000,000
Novo Nordisk U S Bio Prod
21 Technology Drive L P
Warranty Deed
—
Apr 22, 2022
—
21 Techonology Dr LP
—
Deed
related
$1,300,000 · Woodsville Guaranty Savings Bank
Aug 7, 2017
—
21 Technology Drive LP
—
Deed
related
$100,000 · Brattleboro S&l Assn
May 12, 2016
—
21 Technology Drive LP
—
Deed
related
$900,000 · Brattleboro S&l Assn Fa
May 14, 2013
$1,600,000
21 Technology Drive LP
Richard R Dyroff Grantr T
Warranty Deed
$800,000 · Ledyard National Bank
Mar 16, 2006
—
Robert Dyroff T Richard
—
Deed Of Trust
related
$1,600,000 · Franklin Savings Bank
Mar 16, 2006
$1,000,000
Richard Robert Dyroff
Hocod LLC
Grant Deed
related
—
—
—
21 Technology Drive LP
—
Deed Of Trust
related
$900,000 · Brattleboro S&l Assn Fa
—
—
21 Technology Drive LP
—
Deed Of Trust
related
$100,000 · Brattleboro S&l Assn
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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