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Property profile & analytics
OFF-MARKET
Office Spaces
3 12th St Ste 1 Berlin, NH 03570-3860
Individually Owned
Absentee Owner
Free & Clear
Property ID
US58-0116578
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1990
Total area
2,085 SF
Zoning code
RG
APN
BELN M:00136 B:000008 L:00001A
UPID
US58-0116578
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
-
Gayle Theberge Medical School
-
Erinn Fellner Physician
-
Androsoggin Valley Mental Health Crisis Center Medical Clinic
-
Laura Brown Physician Medical Clinic
-
Rhonda Edwards Medical School Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
GLENN J TASSEY
GLENN J TASSEY
Zoning & alternative use
RG · Berlin, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RESIDENTIAL GENERAL ZONE (RG) Sec. 17-81. Purpose The Residential General (RG) zone is designed to provide for high-density multi-family residential uses. Permitted non-residential uses are those that are associated with and service residential uses. All uses in this zone are required to have municipal sewer and water services if available to the site.
Zone name
Residential General
General category
RESIDENTIAL
Zone area
475.06 ac
Source
ZONING ORDINANCE
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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,647
Tax year 2023
Assessed value
$98,400
Assessed 2023
Previous assessed
$98,400
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed improvement
$98,400
Applied tax rate
5,140.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Rooms
6
Bathrooms
2
Total area
2,085 SF
Zoning code
RG
APN
BELN M:00136 B:000008 L:00001A
UPID
US58-0116578
Jurisdiction
BERLIN CITY
Zoning & alternative use
RG · Berlin, NHZoning RG · permitted uses
RG · Berlin, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RESIDENTIAL GENERAL ZONE (RG) Sec. 17-81. Purpose The Residential General (RG) zone is designed to provide for high-density multi-family residential uses. Permitted non-residential uses are those that are associated with and service residential uses. All uses in this zone are required to have municipal sewer and water services if available to the site.
Zone name
Residential General
General category
RESIDENTIAL
Zone area
475.06 ac
Source
ZONING ORDINANCE
Building & site characteristics
From public records
Year built
1990
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
6
Bathrooms
2
Current owner
From public records · entity-resolved
GLENN J TASSEY
Individual
Free & Clear · 0 yrs held
Mailing address
11 WASHINGTON ST, GORHAM, NH 03581-1310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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