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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Commercial real estate
257 Newport Rd New London, NH 03257-5420
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US58-0128009
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,248 SF
Lot
9.54 ac (415,519 SF)
Zoning code
COMMER
APN
NLDN M:59 L:5 S:0
UPID
US58-0128009
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
-
Erin's Haircuts For Men Barber Shop
-
ace hardware Building Supply Hardware & Home Improvement
-
Rocky's Ace Hardware Building Supply Hardware & Home Improvement
-
UScellular Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$2.98M
Owner & transaction history
Mountain Vw Shopping Ctr · 14 yrs held
Mountain Vw Shopping Ctr
since 2011
1 recorded transaction
Zoning & alternative use
COMMER · New London, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+45.4%
Retail stores
$3.1M
+2.7%
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 New London submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New London 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%
$3,175,000
6.5%
$2,930,000
7%
$2,725,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,020,000
Current use
AUTO REPAIR, GARAGE
$4,395,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$3,105,000
Change: +3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,995,000
Change: -1% · Conversion: Moderate
OFFICE BUILDING
$2,815,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±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
$140 / 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
$205,515
Tax year 2023
Assessed value
$19,011,600
Assessed 2023
Previous assessed
$15,499,500
+22.7% YoY
Effective rate
1.08%
On assessed value
Assessed land
$4,476,400
Assessed improvement
$14,535,200
Applied tax rate
52,100.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Units
3
Total area
21,248 SF
Lot
9.54 ac (415,519 SF)
Zoning code
COMMER
APN
NLDN M:59 L:5 S:0
UPID
US58-0128009
Jurisdiction
NEW LONDON TOWN
Zoning & alternative use
COMMER · New London, NHZoning COMMER · permitted uses
COMMER · New London, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
3
Lot
9.54 ac
Current owner
From public records · entity-resolved
Mountain Vw Shopping Ctr
Individual
Mailing address
188 NEEDHAM ST STE #255, NEWTON, MA 02464-1563
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2011
$15,725,000
Mountain Vw Shopping Ctr
New London S C LLC
Warranty Deed
$11,793,750 · Boston Private Bank
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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