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Property profile & analytics
OFF-MARKET
Estimated value
$10,425,000
Hotels
32 Centerra Pkwy, Lebanon, NH 03766-1407
Entity Owned
~
Est. High Equity
Property ID
US58-0070017
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
STEEL FRAME
Total area
78,986 SF
Lot
3.71 ac (161,608 SF)
Zoning code
INDL
APN
LBAN M:10 B:11 L:300
UPID
US58-0070017
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
-
Residence Inn Hanover Lebanon Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.97M
Comparable Approach
Comparable
$9.88M
Blend (final)
Blend
$10.43M
Owner & transaction history
Giri Kittery INC
Giri Kittery INC
since 2025
4 recorded transactions
Zoning & alternative use
INDL · Lebanon, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.0M
+29.4%
Auto repair, garage
$7.8M
+26.3%
Retail stores
$7.1M
+13.9%
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,885,000
6.5%
$10,970,000
7%
$10,190,000
Alternative Use
Use
Estimation
RESTAURANT
$8,025,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,830,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$7,065,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,915,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,905,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$10.43M
Range $9.38M – $11.47M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
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
$352,213
Tax year 2023
Assessed value
$14,506,300
Assessed 2023
Previous assessed
$14,506,300
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$988,300
Assessed improvement
$13,518,000
Applied tax rate
41,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
114
Bathrooms
116
Total area
78,986 SF
Lot
3.71 ac (161,608 SF)
Zoning code
INDL
APN
LBAN M:10 B:11 L:300
UPID
US58-0070017
Jurisdiction
LEBANON
Zoning & alternative use
INDL · Lebanon, NH
Zoning INDL · permitted uses
INDL · Lebanon, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lebanon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.8M
RETAIL STORES
Est. value
$7.1M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$6.9M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
114
Bathrooms
116
Lot
3.71 ac
Current owner
From public records · entity-resolved
Giri Kittery INC
Entity
Mailing address
PO BOX 4519, WHITE RIVER JUNCTION, VT 05001-4519
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Giri Kittery INC
—
Deed
related
$20,625,000 · Mascoma Bank
Nov 20, 2025
$23,000,000
Giri Kittery INC
R I Lebanon 2014 LLC
Warranty Deed
$20,625,000 · Mascoma Bank
Feb 17, 2017
$158,000
Ri Lebanon 2014 LLC
Trustees Of Dartmouth College
Grant Deed
related
$17,200,000 · Mascoma Svgs
Jul 12, 2002
$25,000
Dartmouth College Tr
Centerra LP
Warranty Deed
—
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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