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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Office buildings
24 Frnt St, Exeter, NH 03833-2727
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US58-0173594
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1850
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,986 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C-1
APN
EXTR M:072 L:159
UPID
US58-0173594
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$2.68M
Owner & transaction history
G Albert Bourgeois 4th · 13 yrs held
G Albert Bourgeois 4th
since 2013
7 recorded transactions
Zoning & alternative use
C-1 · Exeter, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.9M
+10.4%
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 Exeter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Exeter 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,530,000
Current use
RETAIL STORES
$3,895,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,970,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±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
$149 / 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
$39,142
Tax year 2023
Assessed value
$1,461,600
Assessed 2023
Previous assessed
$1,461,600
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$371,000
Assessed improvement
$1,090,600
Applied tax rate
25,380.0000
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
Off-Market
Year built
1850
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
4
Units
24
Total area
17,986 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C-1
APN
EXTR M:072 L:159
UPID
US58-0173594
Jurisdiction
EXETER TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Exeter, NH
Zoning C-1 · permitted uses
C-1 · Exeter, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Exeter. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.5M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (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
1850
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
4
Buildings
1
Units
24
Lot
0.34 ac
Current owner
From public records · entity-resolved
G Albert Bourgeois 4th
Individual
Mailing address
PO BOX 2ND 2, EXETER, NH 03833-0002
Ownership since
2013
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
Mar 28, 2013
—
G Albert Bourgeois 4th
—
Deed Of Trust
related
$400,000 · Provident Bank INC
Oct 21, 2011
—
Qmmr Realty LLC
—
Deed Of Trust
related
$195,000 · Granite State Economic Develop
Oct 29, 2009
—
G Albert Bourgeois 4th
—
Deed Of Trust
related
$200,000 · Peoples Bank
Aug 21, 2007
—
G Albert Bourgeois 4th
—
Deed Of Trust
related
$505,000 · Ocean Bank
Mar 21, 2006
—
G Albert Bourgeois
—
Deed Of Trust
related
$150,000 · Ocean National Bank
—
—
Gab Trust
—
Deed Of Trust
related
$1,000,000 · Bank Of Nh
—
—
Gab Trust
—
Deed Of Trust
related
$650,000 · Northeast Cu
—
—
Gab Trust
—
Deed Of Trust
related
$150,000 · Provident 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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