Technical
Financial
Distress signals
Property profile

218 Jericho Rd Berlin, NH 03570

OFF-MARKET
Other industrial properties
Property ID
US58-0156188
1,860 SF 5.89 ac lot Built 1972
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of a 7.85-acre parcel in Berlin, New Hampshire. The site was formerly associated with the Bass Shoe Factory and has been fully razed; the former gravel pit has been removed, resulting in a cleared area suitable for new construction. Environmental Phase I and Phase II studies have been completed. Two warehouse buildings are located on the site, and the parcel is suited for hotel or hospitality development as permitted by applicable zoning and development requirements. The location serves an outdoor recreation area with access to extensive trail systems and proximity to the White Mountains, supporting year-round tourism-related uses.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1972
Total area 1,860 SF
Lot 5.89 ac (256,568 SF)
Zoning code IB
APN BELN M:00104 B:000017 L:000000
UPID US58-0156188

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

218 Jericho Rd Berlin, NH 03570
Berlin metro Census 950800 BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$280k

Owner & transaction history

since 2018
5 recorded transactions
2018
$360,000
2017
Price N/A
2016
Price N/A
2015
$12,533
1969
Price N/A

Zoning & alternative use

IB · Berlin, NH
Zoning description

INDUSTRIAL/BUSINESS ZONE (IB) Sec. 17-111. Purpose The primary purpose of the Industrial/Business (IB) zoning district is to provide land in appropriate locations for industrial uses which improve employment opportunitie…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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