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Property profile & analytics
FOR LEASE
Super regional malls
2626 Brown Ave Manchester, NH 03103
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US58-0363868
For Lease
1 / 18
$12 SF/Yr
2626 Brown Ave, Manchester, NH 03103
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Property summary
AI-generated overview
This Manchester, NH property (2626 Brown Ave, 03103) offers versatile retail and industrial flex space in a single-story, Class B building constructed in 1976. The 3.41-acre lot features a total of 5,480 square feet currently vacant, divisible into units as small as 1,060 square feet, with a maximum contiguous space of 1,578 square feet. Two suites are available within the building, which boasts 120 parking spaces and is zoned R-1B. The property enjoys high visibility with pylon signage, experiencing over 16,000 vehicles daily. Its convenient location provides easy access to major highways and the Manchester/Boston Regional Airport. One available space is a desirable double-wide end unit ready for immediate occupancy, and another is a former veterinary clinic. For commercial bay users, two bays are available, featuring roll-up doors, bathrooms, and a 10' 7" clear height, ideally situated at a signalized intersection. This established shopping plaza presents a prime opportunity for businesses seeking high-traffic exposure and convenient access.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1976
Construction
STEEL FRAME
Total area
29,462 SF
Lot
3.41 ac (148,652 SF)
APN
MNCH M:0695 B:000 L:0002
UPID
US58-0363868
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
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Otolaryngologist
-
Miss Kelsey's Dance Studio LLC Training Center
-
Big Easy Bagel & Deli (Bike/Boat/Book/etc) Store Bakery
-
Solomon Casket Social Service Agency
-
Neighborhood Variety (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$447k
Blend (final)
Blend
$545k
Owner & transaction history
Dmr Realty LLC · 24 yrs held
Dmr Realty LLC
since 2002
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Current use
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$18 / 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
$51,927
Tax year 2023
Assessed value
$2,753,300
Assessed 2023
Previous assessed
$2,753,300
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$360,500
Assessed improvement
$2,392,800
Applied tax rate
45,140.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
15
Total area
29,462 SF
Lot
3.41 ac (148,652 SF)
APN
MNCH M:0695 B:000 L:0002
UPID
US58-0363868
Jurisdiction
MANCHESTER CITY
Zoning & alternative use
Zoning · permitted uses
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
15
Lot
3.41 ac
Current owner
From public records · entity-resolved
Dmr Realty LLC
Entity
Mailing address
34 SADDLE HL DR, AUBURN, NH 03032-3554
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2009
—
Dmr Realty LLC
—
Deed Of Trust
related
$1,600,000 · Peoples Bank
May 22, 2002
$2,028,000
Dmr Realty LLC
Bruce A Biscornet T
Warranty Deed
$1,275,000 · Granite Savings 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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