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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Industrial properties
23 Plank Industrial Dr, Farmington, NH 03835-3811
Entity Owned
8-yr Hold
Free & Clear
Property ID
US58-0647202
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Construction
STEEL FRAME
Total area
38,315 SF
Lot
5.05 ac (219,978 SF)
Zoning code
IB IND
APN
FRMN M:R03 L:001 S:1-0 U:0
UPID
US58-0647202
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$940k
Owner & transaction history
Schaeferrolls INC · 8 yrs held
Schaeferrolls INC
since 2017
7 recorded transactions
Zoning & alternative use
IB IND · Farmington, NH
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,180,000
Current use
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$25 / 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
$38,390
Tax year 2023
Assessed value
$1,496,100
Assessed 2023
Previous assessed
$1,496,100
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$107,600
Assessed improvement
$1,388,500
Applied tax rate
26,020.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Bathrooms
2
Total area
38,315 SF
Lot
5.05 ac (219,978 SF)
Zoning code
IB IND
APN
FRMN M:R03 L:001 S:1-0 U:0
UPID
US58-0647202
Jurisdiction
FARMINGTON TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
IB IND · Farmington, NH
Zoning IB IND · permitted uses
IB IND · Farmington, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
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
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Bathrooms
2
Lot
5.05 ac
Current owner
From public records · entity-resolved
Schaeferrolls INC
Entity
Free & Clear · 8 yrs held
Mailing address
23 PLANK INDUSTRIAL DR, FARMINGTON, NH 03835-3811
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2025
—
Plank Realty LLC
—
Deed
related
$150,000 · Bankprov
Dec 31, 2018
—
Schaeferrolls INC
—
Deed
related
$500,000 · Citizens Bk NA
Dec 3, 2018
—
Schaeferrolls INC
—
Deed
related
$4,700,000 · Citizens Bk NA
Dec 11, 2017
$250,000
Schaeferrolls INC
Jj Plank Co LLC
Warranty Deed
—
Apr 30, 2008
$597,300
Schaeferrolls INC
Samco INC
Warranty Deed
—
Apr 18, 2007
—
Samco INC
—
Deed Of Trust
related
$343,000 · Southeast Econom Dev
—
—
Schaeferrolls INC
—
Deed Of Trust
related
$4,700,000 · Citizens Bk NA
—
—
Schaeferrolls INC
—
Deed Of Trust
related
$500,000 · Citizens Bk NA
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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