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Property profile & analytics
OFF-MARKET
Estimated value
$3,350,000
Office Spaces
228 Maple St Manchester, NH 03103-5500
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US58-0234515
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1890
Total area
26,103 SF
Lot
0.7 ac (30,517 SF)
APN
MNCH M:0107 B:000 L:0001
UPID
US58-0234515
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
-
Manchester Metro Treatment Center Medical Clinic
-
Jamie Goodwin Doctor Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.53M
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.35M
Owner & transaction history
Zjbv Properties LLC · 7 yrs held
Zjbv Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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%
$3,815,000
6.5%
$3,525,000
7%
$3,270,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,760,000
Current use
AUTO REPAIR, GARAGE
$4,365,000
Change: -8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,995,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.35M
Range $3.02M – $3.69M · ±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
$46,098
Tax year 2023
Assessed value
$2,444,200
Assessed 2023
Previous assessed
$2,444,200
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$129,000
Assessed improvement
$2,315,200
Applied tax rate
45,140.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1890
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
6
Total area
26,103 SF
Lot
0.7 ac (30,517 SF)
APN
MNCH M:0107 B:000 L:0001
UPID
US58-0234515
Jurisdiction
MANCHESTER CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1890
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
6
Lot
0.7 ac
Current owner
From public records · entity-resolved
Zjbv Properties LLC
Entity
Mailing address
300 GAY ST, MANCHESTER, NH 03103-6816
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2019
—
Zjbv Properties LLC
—
Grant Deed
related
$2,700,000 · St Marys Bk
Apr 5, 2019
$2,315,000
Zjbv Properties LLC
Velagala Estates LLC
Grant Deed
$1,944,600 · St Marys Bk
Jun 21, 2013
$500,000
Valley Manchester Maple
Cjn Realty LLC
Warranty Deed
$500,000 · Northway Bank
Apr 16, 2009
—
Cjn Realty LLC
—
Deed Of Trust
related
$1,200,000 · Peoples Bank
Mar 10, 2004
$2,100,000
Cjn Rlty
228 Maple St LLC
Warranty Deed
$1,537,500 · 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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