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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    248 Sheep Davis Rd Concord, NH 03301

    • Industrial properties
    • 3,180 SF
    • 6.97 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    Jan 18, 2024
    $6,000,000
    Value Estimations
    $6,000,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0182695
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hydro Cam Corporation / Machine Shop
    • Healthy Pets NH / Dog Day Care Center
    • Wish Upon a Paw Pet Grooming / Pet Groomer
    • ADF Flooring LLC / Linoleum Store / Tile Store
    • Canine Strong / Wellness Center

    Property Details for 248 Sheep Davis Rd

    Year built
    1986
    Lot size
    6.97 lot acres
    Property size
    3,180 SF
    Zone code
    GWP
    Property type
    Industrial properties
    APN
    CNCD M:622Z B:4
    APU
    CNCDM622ZB4

    Description

    This exceptional 2,500+ square foot flex space, located at 248 Sheep Davis Road in Concord, New Hampshire, is part of a larger 25,000 square foot multi-tenant industrial building. Ideal for a variety of businesses, this unit offers a versatile layout combining warehouse and flex space, complemented by a front office/reception/showroom area. A significant advantage is the inclusion of a 900+ square foot mezzanine, adding valuable extra space. The unit boasts impressive 14-16 foot clear ceiling heights, facilitating efficient storage and operations. Loading and unloading are simplified with one convenient loading dock. Essential amenities include a restroom and ample on-site parking. The building is equipped with 800 amp 3-phase power, municipal water and sewer, and gas heat, ensuring reliable and efficient operations. Benefit from prominent monument signage for enhanced visibility and brand recognition. The minimum divisible space is 2,500 square feet, with a maximum contiguous space of 5,000 square feet available within the building. The property's zip code is 03301. This is a fantastic opportunity to secure a well-appointed and strategically located industrial flex space in Concord, NH.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,000,000
      ML approach
      $6,000,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4825
    Latitude
    43.2147
    CBSA code
    18180
    CBSA name
    CONCORD, NH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $89,562
    $1,476,400
    $1,858,000
    $3,334,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      369 State St

      INDUSTRIAL (GENERAL) • 187.27 Acres
      369 State St, Concord, NH 03301-3233
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    • Value Estimation
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      109th Little Pond Rd

      INDUSTRIAL (GENERAL) • 220 SF
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    • Value Estimation
      $240,000
      1,160 SF

      30 Henniker St Ste, Unit 2

      CONDOMINIUMS (INDUSTRIAL) • 1,160 SF
      30 Henniker St Ste, Concord, NH 03301-8519
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    • Value Estimation
      $235,000
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      27 Industrial Park Dr Ste, Unit 3

      CONDOMINIUMS (INDUSTRIAL) • 1,200 SF
      27 Industrial Park Dr Ste, Concord, NH 03301-8523
      View Details
    • Value Estimation
      $245,000
      1,160 SF

      30 Henniker St Ste, Unit 8

      CONDOMINIUMS (INDUSTRIAL) • 1,160 SF
      30 Henniker St Ste, Concord, NH 03301-8519
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.89 Acres

      3 Intervale Rd, Concord, NH 03301

      Industrial properties • 4.89 Acres
      3 Intervale Rd, Concord, NH 03301
      View Details
    • $2,000,000
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      Concord Industrial Yard: 6 Acres

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      Concord Industrial Complex: Prime Location

      Refrigerated warehouse & auto repair, high traffic.
      212 Pembroke Rd, Concord, NH 03301
      View Details
    • Contact for pricing
      25,200 SF

      Concord Flex Industrial Building

      25,200 SF flex industrial building for sale in Concord.
      39 Chenell Dr, Concord, NH 03301
      View Details
    • $1,100,000
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      Industrial Space Near Concord Airport

      Industrial property with quick access to 93 and runway.
      99 Airport Rd, Concord, NH 03301
      View Details
    • $1,300,000

      Concord Commercial Building For Sale

      Three-unit commercial building in Concord with office, garage, and storage.
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    Similar Nearby for Lease

    • $8 SF/Yr
      35,899 SF

      Office and Industrial Space Available

      Office and industrial spaces for lease.
      1 Monitor Dr, Concord, NH 03301
      View Details
    • $12 SF/Yr
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      Concord NH Warehouse Space For Lease

      58,000 SF Warehouse, 2,000 SF Available
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      View Details
    • $9 SF/Yr
      12,000 SF

      Food Processing Facility For Lease

      12,000± SF industrial space, move-in ready food processing facility.
      178 Silk Farm Rd, Concord, NH 03301
      View Details
    • $2,500 /Mo
      2,100 SF

      Heated Industrial/Commercial Space Available

      2100 sqft open industrial space for rent in Concord.
      14 Chenell Dr, Concord, NH 03301
      View Details
    • $12 SF/Yr
      97,185 SF

      Concord Manufacturing and Warehouse Space

      97,185 SF manufacturing/warehouse space available in Concord, New Hampshire.
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      View Details
    • $14 SF/Yr
      6,000 SF

      Concord Flex Space Available

      Affordable 6,000 SF flex space for lease in Concord.
      54 Regional Dr, Concord, NH 03301
      View Details
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    248 Sheep Davis Rd
    Concord, NH 03301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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