Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    250 Marlboro St Keene, NH 03431

    • Commercial real estate
    • 12,740 SF
    • 1.43 lot acres
    For Sale
    View listing
    $1,680,000
    Last Sale
    Jan 03, 2022
    $1,050,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0568990
    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

    • All Purpose Storage / Storage Facility

    Property Details for 250 Marlboro St

    Year built
    1952
    Construction
    FRAME
    Lot size
    1.43 lot acres
    Property size
    12,740 SF
    Zone code
    BGR
    Property type
    Commercial real estate
    APN
    KEEN M:589 L:18
    APU
    KEENM589L18

    Description

    This exceptional investment opportunity presents a fully leased, 12,740-square-foot office building situated on a 1.43-acre corner lot at 250 Marlboro Street in Keene, New Hampshire. The property, built in 1952 and extensively renovated in 2016, boasts five units within a single-story structure, currently operating under a triple-net (NNN) lease arrangement. Located in Keene's vibrant Business Growth and Re-Use district, this Class B building enjoys excellent visibility and frontage on Marlboro Street, offering convenient access to downtown Keene. The property's versatile layout, encompassing approximately 1870 square feet of mixed office and open space, is suitable for a variety of uses, including retail, professional offices, salons, hospitality businesses, personal training studios, and more. Ample on-site parking caters to tenants and patrons. Its prime location offers proximity to walking trails, shopping, and restaurants, enhancing its appeal and potential for strong tenant occupancy. Detailed financial information is available upon request and execution of a non-disclosure agreement. The permitted zoning is BGR. The asking price is $1,680,000, translating to $131.87 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $915,000
      ML approach
      $975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $945,000
      Market price range: $814k - $2.15M
      AI Estimate
      $697,000
      Market price range: $522k - $1.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Keene
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.2689
    Latitude
    42.9261
    CBSA code
    28300
    CBSA name
    KEENE, 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
    $26,925
    $192,200
    $652,100
    $844,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.67 Acres

      11 Production Ave

      COMMERCIAL (GENERAL) • 5.67 Acres
      11 Production Ave, Keene, NH 03431-3923
      View Details
    • Value Estimation by Request
      148.00 Acres

      755 Hl Rd

      COMMERCIAL (GENERAL) • 148.00 Acres
      755 Hl Rd, Keene, NH 03431-2122
      View Details
    • Value Estimation
      $1,770,000
      16,944 SF

      76 Winter St

      COMMERCIAL (GENERAL) • 16,944 SF
      76 Winter St, Keene, NH 03431
      View Details
    • Value Estimation
      $4,670,000
      45,588 SF

      42 Ash Brk Rd

      COMMERCIAL CONDOMINUIM • 45,588 SF
      42 Ash Brk Rd, Keene, NH 03431-5918
      View Details
    • Value Estimation
      $2,090,000
      21,559 SF

      32 Ash Brk Rd

      COMMERCIAL CONDOMINUIM • 21,559 SF
      32 Ash Brk Rd, Keene, NH 03431-5918
      View Details
    • Value Estimation
      $14,315,000
      122,326 SF

      46 Ash Brk Rd

      COMMERCIAL CONDOMINUIM • 122,326 SF
      46 Ash Brk Rd, Keene, NH 03431-5918
      View Details

    Similar Nearby for Sale

    • $835,000
      4,692 SF

      Keene Commercial Building - Prime Location

      Renovated Medical Facility, Ample Parking, Storage Building
      25 Avon St, Keene, NH 03431
      View Details
    • Contact for pricing
      31,000 SF

      Downtown Keene Commercial Space

      Prime Office/Retail Space - 31,000 SF
      46 Main St, Keene, NH 03431
      View Details
    • $499,000
      1,776 SF

      Keene Commercial Property - High Visibility

      Prime Keene location, high traffic, ample parking.
      423 Winchester St, Keene, NH 03431
      View Details
    • Contact for pricing

      Keene Office Space: Main Street Location

      Prime Keene office space, flexible lease options.
      428 Main St, Keene, NH 03431
      View Details
    • Contact for pricing
      153,427 SF

      150,000 SF Commercial Building For Sale

      150,000 SF Commercial Building For Sale
      10 Bowman Dr, Keene, NH 03431
      View Details
    • $109,000

      Large Parcel with Mature Hardwood

      Land parcel featuring mature hardwood, abutting conservation and snowmobile trails.
      Old Gilsum Rd, Keene, NH 03431
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      143,000 SF

      Fairbanks Plaza: Keene Retail Space

      Prime Keene retail space, multiple units available.
      420 West St, Keene, NH 03431
      View Details
    • $10 SF/Yr
      6,010 SF

      Downtown Keene Retail/Office Space

      Retail and office space available in downtown Keene.
      15 Main St, Keene, NH 03431
      View Details
    • Contact for pricing
      2,885 SF

      Keene Retail Space For Lease

      Retail spaces available in a walkable, recently redeveloped shopping center.
      346-350 Winchester St, Keene, NH 03431
      View Details
    • $15 SF/Yr
      3,327 SF

      Visible Retail Space in Keene

      Highly visible retail space with ample parking and storage.
      40 Washington St, Keene, NH 03431
      View Details
    • Contact for pricing
      10,075 SF

      Keene Retail Space For Lease

      Retail spaces available in a recently redeveloped shopping center.
      354 Winchester St, Keene, NH 03431
      View Details
    • Contact for pricing

      Grocery Anchored Power Center

      Dominant retail center anchored by major national tenants.
      30 Ash Brook Rd, Keene, NH 03431
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    250 Marlboro St
    Keene, NH 03431
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.