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    Property profile & analytics

    293 S Main St Manchester, NH 03102

    • Banks
    • 2,023 SF
    • 0.22 lot acres
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0118890
    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

    • TD Bank / Bank / Atm
    • Richard Sciaudone - Mortgage Loan Officer / Loan Agency / Mortgage Lender
    • TD Bank ATM / Atm

    Property Details for 293 S Main St

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    2,023 SF
    Property type
    Banks
    APN
    MNCH M:0659 B:000 L:0006
    APU
    MNCHM0659B000L0006

    Description

    This exceptional 2,023 square foot bank branch, built in 2006, is situated on a 0.217-acre lot at the highly visible corner of South Main Street and Milford Street in Manchester, New Hampshire. The property boasts a convenient drive-through canopy (103 sq ft) and six on-site parking spaces. Located in the Neighborhood Business District (B-1) zoning, this single-story building benefits from a daily traffic count exceeding 12,000 vehicles. Its prime location offers easy access to Interstate 293 via Exit 4 (less than a mile away) and is within a short distance of downtown Manchester's amenities, including restaurants, shops, lodging, and entertainment. The Manchester-Boston Regional Airport is a convenient 20-minute drive. The asking price for this well-maintained property is $750,000. The property's APN is Map 659, Lot 006. This presents a unique opportunity for investors seeking a high-visibility commercial property in a thriving New Hampshire market. The property's location and accessibility make it an ideal investment for a variety of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $215,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $155,000
      Market price range: $103k - $253k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $180,000
      Current use
      RETAIL STORES
      $210,000
      Change: +18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $185,000
      Change: +4% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $180,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $165,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4777
    Latitude
    42.9789
    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
    $10,714
    $135,000
    $433,100
    $568,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $585,000
      29,640 SF

      200 Mcgregor St

      FINANCIAL BUILDING • 29,640 SF
      200 Mcgregor St, Manchester, NH 03102-3753
      View Details
    • Value Estimation
      $315,000
      2,196 SF

      585 Mast Rd

      FINANCIAL BUILDING • 2,196 SF
      585 Mast Rd, Manchester, NH 03102-1157
      View Details
    • Value Estimation
      $325,000
      1,902 SF

      17 Pinard St

      SHOW ROOM, WAREHOUSE • 1,902 SF
      17 Pinard St, Manchester, NH 03102-1516
      View Details
    • Value Estimation
      $275,000
      3,198 SF

      191 Varney St

      SHOW ROOM, WAREHOUSE • 3,198 SF
      191 Varney St, Manchester, NH 03102-4205
      View Details
    • Value Estimation
      $220,000
      4,410 SF

      101 Allard Dr

      SHOW ROOM, WAREHOUSE • 4,410 SF
      101 Allard Dr, Manchester, NH 03102-4007
      View Details
    • Value Estimation
      $340,000
      2,138 SF

      55 Amoskeag St

      SHOW ROOM, WAREHOUSE • 2,138 SF
      55 Amoskeag St, Manchester, NH 03102-3224
      View Details

    Similar Nearby for Sale

    • $750,000
      2,023 SF

      Retail Building with Drive-Through

      2,023 SF retail building with drive-through service capability.
      293 S Main St, Manchester, NH 03102
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    • New
      $650,000
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      Well-Maintained Two-Family Home

      Spacious two-family home with ample parking and recent upgrades.
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    • $575,000
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      Manchester Commercial Land - $575K

      High-visibility B2 zoned lot, 2380 sq ft.
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    • $725,000

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      Three-unit property with garages and tenant leases in place.
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      Three-family property near CMC Hospital with potential garage income.
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    • $399,999
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      Affordable, renovated duplex in Manchester with in-unit laundry.
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    Similar Nearby for Lease

    • $750 /Mo

      Affordable Office/Retail Space Available

      Second-floor office/retail space with utilities included for rent.
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      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Manchester, NH

      Retail space with high visibility and ample parking.
      581 2Nd St, Manchester, NH 03102
      View Details
    • $28 SF/Yr
      10,340 SF

      Medical Facility in Doctor's Park

      Turn-key medical facility in Manchester's prominent doctor's park.
      775 S Main St, Manchester, NH 03102
      View Details
    • $1,400 /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 03102
      View Details
    • Contact for pricing

      Commercial Space in Manchester, NH

      Commercial space for lease in Manchester, New Hampshire.
      649 2Nd St, Manchester, NH 03102
      View Details
    • $8 SF/Yr
      39,139 SF

      Manchester Industrial Space For Lease

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      View Details
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    293 S Main 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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