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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3 Craneway Hooksett, NH 03106-2194

    • Manufacturing properties
    • 16,000 SF
    • 2.02 lot acres
    OFF-MARKET
    Last Sale
    Oct 25, 2022
    $1,900,000
    Value Estimations
    $1,945,000
    Show details
    Cap Rate Potential
    8.1%
    Manufacturing properties
    Location Intelligence
    Property ID
    US58-0035494
    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

    • Manufacturing properties

    Property Details for 3 Craneway

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    2.02 lot acres
    Property size
    16,000 SF
    Zone code
    IND
    Property type
    Manufacturing properties
    APN
    HOOK M:15 B:85 L:1
    APU
    HOOKM15B85L1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,720,000
      ML approach
      $1,865,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,335,000
      6.5%
      $2,155,000
      7%
      $2,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,197,000
      Market price range: $1.70M - $3.90M
      AI Estimate
      $1,396,000
      Market price range: $1.02M - $2.17M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,450,000
      Current use
      AUTO REPAIR, GARAGE
      $2,675,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $2,255,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hooksett
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4061
    Latitude
    43.0671
    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
    $21,482
    $263,300
    $1,081,000
    $1,344,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $965,000
      65,705 SF

      300 Technology Dr

      MANUFACTURING (LIGHT) • 65,705 SF
      300 Technology Dr, Hooksett, NH 03106-2520
      View Details
    • Value Estimation
      $600,000
      21,232 SF

      38 Riv Rd

      MANUFACTURING (LIGHT) • 21,232 SF
      38 Riv Rd, Hooksett, NH 03106-2624
      View Details
    • Value Estimation
      $910,000
      71,013 SF

      4 Brookside W

      MANUFACTURING (LIGHT) • 71,013 SF
      4 Brookside W, Hooksett, NH 03106-2518
      View Details
    • Value Estimation
      $335,000
      13,580 SF

      1355 Hooksett Rd

      MANUFACTURING (LIGHT) • 13,580 SF
      1355 Hooksett Rd, Hooksett, NH 03106-1849
      View Details
    • Value Estimation
      $1,065,000
      89,926 SF

      4 Peters Brk Dr

      MANUFACTURING (LIGHT) • 89,926 SF
      4 Peters Brk Dr, Hooksett, NH 03106-1822
      View Details
    • Value Estimation
      $340,000
      0.94 Acres

      538 Riv Rd

      MANUFACTURING (LIGHT) • 0.94 Acres
      538 Riv Rd, Hooksett, NH 03106-1321
      View Details

    Similar Nearby for Sale

    • $1,900,000
      18,240 SF

      Mixed-Use Building with Highway Access

      Mixed-use building with warehouse, retail, and office spaces available.
      198 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • $3,100,000

      Hooksett Industrial Investment Opportunity

      Three-building industrial investment with expansion potential in Hooksett, New Hampshire.
      146 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • $2,000,000

      Industrial Property in Manchester, NH

      Industrial property available for sale in Manchester, New Hampshire.
      80 Granite St, Manchester, NH 03106
      View Details
    • $200,000
      0.75 Acres

      Hooksett Commercial Lot - Prime Location

      High-traffic Route 3A, flexible zoning.
      254 River Rd, Hooksett, NH 03106
      View Details
    • Contact for pricing
      15,000 SF

      Hooksett Road Commercial Space

      Modern 15,000 sq ft building, flexible space available.
      1385 Hooksett Rd, Hooksett, NH 03106
      View Details
    • $1,200,000

      Hooksett Road Land Parcel

      40+ acre land parcel with frontage on Hooksett Road.
      1821 Hooksett Rd, Hooksett, NH 03106
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      5,538 SF

      Hooksett Road Commercial Space

      Spacious commercial space ideal for retail, office, or mixed-use.
      1575 Hooksett Rd, Hooksett, NH 03106
      View Details
    • $16 SF/Yr
      11,520 SF

      Hooksett Flex Contractor Bay

      5,000± SF flex building with office and warehouse space.
      237 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • Contact for pricing

      Updated Commercial Office/Flex Space

      Modern, flexible workspace in a high-traffic location, available January 1st.
      187 Londonderry Tpke, Hooksett, NH 03106
      View Details
    • $12 SF/Yr
      25,000 SF

      Hooksett Warehouse with Fenced Lot

      25,000± SF warehouse with high bay and fenced lot.
      3 Sutton Cir, Hooksett, NH 03106
      View Details
    • $7 SF/Yr
      17,000 SF

      Hooksett Warehouse with Docks

      17,000 SF warehouse divisible, near Interstate 93.
      1359 Hooksett Rd, Hooksett, NH 03106
      View Details
    • $12 SF/Yr
      3,136 SF

      High Bay Flex Space Available

      Flex/industrial/office space for lease with highway access.
      35 Londonderry Tpke, Hooksett, NH 03106
      View Details
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    3 Craneway
    Hooksett, NH 03106-2194
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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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