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

    280 Pleasant St, Unit H4 Concord, NH 03301-2553

    • Office Properties & Spaces
    • 1,140 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    5.5%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US58-0274009
    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

    • Pleasant Street Family Medicine / Medical Clinic / Family Practice Physician
    • Dr. Powen Hsu / Family Practice Physician / Sports Medicine Physician
    • Mc Donald Morrissey Associates Inc / Professional Services
    • Fusion Health Services, LLC / Medical Group
    • Benjamin Seth Colby / Family Practice Physician / Health Care Facility

    Property Details for 280 Pleasant St

    Year built
    1970
    Lot size
    0.92 lot acres
    Property size
    1,140 SF
    Zone code
    IS
    Property type
    Office Properties & Spaces
    APN
    CNCD M:723Z B:35 L:H-4
    APU
    CNCDM723ZB35LH4

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $285,000
      6.5%
      $260,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $200,000
      Market price range: $125k - $200k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.5672
    Latitude
    43.1987
    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
    $6,049
    $38,300
    $186,900
    $225,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $435,000
      10,173 SF

      16 Foundry St Ste, Unit 101

      CONDOMINIUM OFFICES • 10,173 SF
      16 Foundry St Ste, Concord, NH 03301-5431
      View Details
    • Value Estimation
      $705,000
      14,520 SF

      2 Pillsbury St, Unit 1A

      CONDOMINIUM OFFICES • 14,520 SF
      2 Pillsbury St, Concord, NH 03301-3523
      View Details
    • Value Estimation by Request
      18,000 SF

      200-206 State St

      Office Properties & Spaces • 18,000 SF
      200-206 State St, Concord, NH 03301
      View Details
    • Value Estimation
      $280,000
      2,100 SF

      211 Loudon Rd Ste D

      CONDOMINIUM OFFICES • 2,100 SF
      211 Loudon Rd Ste D, Concord, NH 03301-8020
      View Details
    • Value Estimation
      $610,000
      12,086 SF

      105th Loudon Rd, Unit 2

      CONDOMINIUM OFFICES • 12,086 SF
      105th Loudon Rd, Concord, NH 03301-5652
      View Details
    • Value Estimation
      $345,000
      1,839 SF

      280 Pleasant St, Unit H3

      CONDOMINIUM OFFICES • 1,839 SF
      280 Pleasant St, Concord, NH 03301-2553
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.37 Acres

      Concord Office Suite - Prime Location

      Modern, furnished office space for lease.
      20 Warren St, Concord, NH 03301
      View Details
    • $1,150,000
      16,108 SF

      Iconic Concord Building For Sale

      Historic building with modern upgrades in downtown Concord.
      26 Pleasant Street Ext, Concord, NH 03301
      View Details
    • $1,275,000

      Spacious Downtown Office with Redevelopment Potential

      Over 10,000 SF office space with redevelopment possibilities.
      103 N State St, Concord, NH 03301
      View Details
    • $725,000
      3,748 SF

      Victorian Office Building Near Downtown

      Two-story Victorian converted office near downtown Concord, NH.
      48 Pleasant St, Concord, NH 03301
      View Details
    • $330,300
      2,160 SF

      Historic Former Police Station

      Unique Penacook Village building with parking included.
      3 Merrimack St, Concord, NH 03301
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      57,319 SF

      Class A Office Space Available

      Premier Office, Flexible Lease Options
      4 Barrell Ct, Concord, NH 03301
      View Details
    • $15 SF/Yr
      4,286 SF

      Concord Office Sublease Opportunity

      4,286 SF Office Space Available
      1 Granite Pl, Concord, NH 03301
      View Details
    • Contact for pricing
      30,580 SF

      Concord Retail Center Opportunity

      High-traffic retail space, strong anchors.
      310 Loudon Rd, Concord, NH 03301
      View Details
    • $14 SF/Yr
      65,520 SF

      Concord Office Suites for Lease

      Prime Concord location, multiple suites available
      6 Loudon Rd, Concord, NH 03301
      View Details
    • $20 SF/Yr
      18,638 SF

      Prime Concord Office Space

      1,660 SF Downtown Concord Office
      114 Main St, Concord, NH 03301
      View Details
    • $16 SF/Yr
      8,563 SF

      Concord Office Space Sublease

      Prime office space available for sublease near downtown Concord.
      10 Ferry St, Concord, NH 03301
      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.
    280 Pleasant St, Unit H4
    Concord, NH 03301-2553
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.