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    293 Amory St Manchester, NH 03102
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    Property profile & analytics

    293 Amory St Manchester, NH 03102

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    • Investment properties
    • 5,482 SF
    • 0.13 lot acres
    For Lease
    $1,150/Mo
    View Listing →
    Manchester Office Space For Rent For Lease
    $1,150/Mo
    1,400 SF

    Manchester Office Space For Rent

    Clean office space with parking and private amenities available for rent.

    293 Amory St, Manchester, NH
    View Listing
    Property ID
    US58-0672853
    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.
    Value Estimations
    $4,330,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • WorkFlow Staffing / Employment Agency
    • G&B Financial Services, LLC / Financial Advisor

    Property Details for 293 Amory St

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    5,482 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MNCH M:0192 B:000 L:0009
    APU
    MNCHM0192B000L0009

    Description

    This exceptional 5,482 square foot commercial space at 293 Amory Street in Manchester, New Hampshire presents a fantastic opportunity for a discerning business. Situated on a 0.13-acre lot on Manchester's West Side, this property offers convenient off-street parking, a significant advantage in a busy urban area. The interior boasts a well-maintained layout, including a dedicated private office, providing a professional and private workspace. Additional features include a private bathroom and ample storage space, catering to the diverse needs of a modern business. The property is ready for immediate occupancy, allowing for a seamless transition for new tenants. Utilities are the responsibility of the tenant, encompassing heat, electricity, and internet services. The building's prominent location offers excellent visibility and signage opportunities, enhancing brand awareness and attracting potential clients. Its proximity to the Goffstown border adds to its strategic appeal. This property is ideally suited for a business seeking a spacious, well-equipped, and conveniently located office environment in a thriving area of Manchester. The combination of size, amenities, and location makes this an exceptional value at $1450. Don't miss this chance to secure your ideal workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,350,000
      ML approach
      $4,565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4809
    Latitude
    42.9938
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH METROPOLITAN 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
    $7,112
    $63,300
    $313,800
    $377,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,160,000
      42,692 SF

      1370 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 42,692 SF
      1370 Frnt St, Manchester, NH 03102-8964
      View Details
    • Value Estimation by Request
      1,052 SF

      100 Mcneil St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,052 SF
      100 Mcneil St, Manchester, NH 03102-4815
      View Details
    • Value Estimation by Request
      4,532 SF

      573 Montgomery St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,532 SF
      573 Montgomery St, Manchester, NH 03102-3582
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    • Value Estimation by Request
      996 SF

      48 Pershing St

      OFFICE/RESIDENTIAL (MIXED USE) • 996 SF
      48 Pershing St, Manchester, NH 03102-1147
      View Details
    • Value Estimation
      $510,000
      4,464 SF

      533 Hevey St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,464 SF
      533 Hevey St, Manchester, NH 03102-3597
      View Details
    • Value Estimation by Request
      1,210 SF

      1 Cross St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,210 SF
      1 Cross St, Manchester, NH 03102-1216
      View Details

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      Manchester West Side Office Space

      Spacious Office, Ample Parking, Great Location
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    Similar Nearby for Lease

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      Versatile Commercial Space for Rent

      Well-kept commercial space with versatile layout for retail or office.
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      Office Space for Rent

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    View Listing
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    293 Amory St
    Manchester, NH 03102
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    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
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