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Property profile & analytics
OFF-MARKET
Estimated value
$2,540,000
Industrial properties
28 Locke Rd, Concord, NH 03301-5416
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US58-0051210
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
STEEL FRAME
Total area
20,972 SF
Lot
2.97 ac (129,373 SF)
Zoning code
IN
APN
CNCD M:40Z B:12
UPID
US58-0051210
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
-
MetalMax Roofing and Siding Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.54M
Owner & transaction history
Bryan R Locke · 7 yrs held
Bryan R Locke
since 2018
7 recorded transactions
Zoning & alternative use
IN · Concord, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+8.7%
Retail stores
$3.2M
+7.0%
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 Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord 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%
$2,650,000
6.5%
$2,450,000
7%
$2,275,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,955,000
Current use
COMMERCIAL (GENERAL)
$3,215,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$3,165,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$2,825,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.29M – $2.79M · ±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
$121 / 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
$36,073
Tax year 2023
Assessed value
$1,343,000
Assessed 2023
Previous assessed
$1,343,000
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$534,400
Assessed improvement
$808,600
Applied tax rate
14,200.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
20,972 SF
Lot
2.97 ac (129,373 SF)
Zoning code
IN
APN
CNCD M:40Z B:12
UPID
US58-0051210
Jurisdiction
CONCORD CITY
Zoning & alternative use
IN · Concord, NH
Zoning IN · permitted uses
IN · Concord, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
2.97 ac
Current owner
From public records · entity-resolved
Bryan R Locke
Individual
Mailing address
900 CAPTAIN JOE FULGHUM DR, MURFREESBORO, TN 37129-5554
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2018
—
Bryan R Locke
Town Of Pittsfield
Grant Deed
related
—
Jul 22, 2016
—
Locke Road Group LLC
—
Deed
related
$530,000 · Provident Bk
Jun 22, 2016
—
Locke Road Group LLC
—
Deed
related
$434,000 · Granite St Economic Dev
Oct 14, 2015
$1,060,000
Locke Road Group LLC
Shellback Harbor LLC
Warranty Deed
$954,000 · Provident Bk
Jul 14, 2011
—
Shellback Harbor LLC
—
Deed Of Trust
related
$125,000 · Bank Of America
Jul 1, 2009
—
Shellback Harbor LLC
—
Deed Of Trust
related
$705,000 · Bank Of America
Feb 13, 2001
$582,500
Shellback Harbor LLC
Brox Industries
Warranty Deed
$323,000 · Fleet National Bank
May 23, 2000
$325,000
Brox Industries INC
Keewaydin RT
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
—
—
Shellback Harbor LLC
—
Deed Of Trust
related
$1,000,000 · Provident Bk
—
—
Shellback Harbor LLC
—
Deed Of Trust
related
$1,040,000 · Provident Bk
—
—
Locke Road Group LLC
—
Deed Of Trust
related
$530,000 · Provident Bk
—
—
Locke Road Group LLC
—
Deed Of Trust
related
$434,000 · Granite St Economic Dev
—
—
Locke Road Group LLC
—
Loan Modification
related
$530,000 · 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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