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Property profile & analytics
FOR LEASE
Office buildings
230 N Main St, Concord, NH 03301
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US58-0164701
For Lease
1 / 11
$560,000
230 N Main St, Concord, NH 03301
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,876 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CU
APN
CNCD M:641Z B:31
UPID
US58-0164701
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
-
KMC lashes Hair Salon
-
SHELTER OVERPOPULATION SOLUTIONS Association / Organization
-
Mighty Plumbing Plumbing Service General Contractor
-
Home in Hand Cleaning Service LLC Hardware & Home Improvement
-
Hearing Enhancement Centers Hearing Aid Store Hearing Aid Repair Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$560k
Owner & transaction history
Kite Properties LLC · 4 yrs held
Kite Properties LLC
since 2022
Last sale
$565,000
6 recorded transactions
Zoning & alternative use
CU · Concord, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$595,000
+53.5%
Commercial (general)
$440,000
+13.8%
Retail stores
$435,000
+12.1%
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 Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord 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
$510,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$385,000
Current use
AUTO REPAIR, GARAGE
$595,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$440,000
Change: +14% · Conversion: Easy
RETAIL STORES
$435,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $565k (Jun 8 2022)
Last sale anchor
$565k
Jun 8 2022
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
$195 / 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
$12,442
Tax year 2023
Assessed value
$463,200
Assessed 2023
Previous assessed
$463,200
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$195,600
Assessed improvement
$267,600
Applied tax rate
14,200.0000
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
2
Total area
2,876 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CU
APN
CNCD M:641Z B:31
UPID
US58-0164701
Jurisdiction
CONCORD CITY
Zoning & alternative use
CU · Concord, NH
Zoning CU · permitted uses
CU · Concord, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$440,000
RETAIL STORES
Est. value
$435,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Kite Properties LLC
Entity
Mailing address
230 N MAIN ST, CONCORD, NH 03301-5051
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$565,000
Kite Properties LLC
230 North Main Street LLC
Warranty Deed
$400,000 · Lowell Five Cents Savings Bank
Sep 29, 2020
—
230 North Main Street LLC
—
Deed
related
$250,000 · Primary Bk
Feb 28, 2020
$192,533
230 North Main Street LLC
Victor E Stokovich
Warranty Deed
—
Jun 21, 2013
—
Victor Stoykovich
—
Deed Of Trust
related
$187,905 · Merrimac Savings Bank
Jun 29, 2000
$105,000
Sean A Finan
Shelter Solutions INC
Warranty Deed
$104,141 · New England National Mtg Corp
—
—
230 North Main Street LLC
—
Deed Of Trust
related
$250,000 · Primary Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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