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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Showrooms
32 Maple St Andover, NH 03216-3903
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US58-0014920
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1767
Total area
5,976 SF
Lot
3.16 ac (137,650 SF)
Zoning code
V V
APN
ANDV M:00016 B:000780 L:000237
UPID
US58-0014920
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
-
Highland Lake Inn Bed & Breakfast Restaurant
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Northern Rail Trail Welcome Center at Highland Lake Inn Hiking Area
-
Bike the Northern Rail Trail Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$957k
Blend (final)
Blend
$825k
Owner & transaction history
Verbena Realty · 20 yrs held
Verbena Realty
since 2006
7 recorded transactions
Zoning & alternative use
V V · Andover, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+45.4%
Retail stores
$875,000
+2.7%
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 Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Andover 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%
$895,000
6.5%
$825,000
7%
$765,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$850,000
Current use
AUTO REPAIR, GARAGE
$1,235,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$845,000
Change: -1% · Conversion: Moderate
OFFICE BUILDING
$790,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$138 / 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
$15,638
Tax year 2023
Assessed value
$681,400
Assessed 2023
Previous assessed
$672,900
+1.3% YoY
Effective rate
2.29%
On assessed value
Assessed land
$136,700
Assessed improvement
$544,700
Applied tax rate
1,460.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1767
Heating
HOT WATER
Cooling
YES
Stories
3
Bathrooms
14
Total area
5,976 SF
Lot
3.16 ac (137,650 SF)
Zoning code
V V
APN
ANDV M:00016 B:000780 L:000237
UPID
US58-0014920
Jurisdiction
ANDOVER TOWN
Zoning & alternative use
V V · Andover, NH
Zoning V V · permitted uses
V V · Andover, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Andover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$875,000
INDUSTRIAL (GENERAL)
Est. value
$845,000
OFFICE BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1767
Heating
HOT WATER
Cooling
Yes
Stories
3
Bathrooms
14
Lot
3.16 ac
Current owner
From public records · entity-resolved
Verbena Realty
Entity
Mailing address
PO BOX 164, EAST ANDOVER, NH 03231-0164
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2018
—
Verbena Realty LLC
—
Deed
related
$428,000 · Bank Of Nh
Dec 6, 2011
—
Verbena Realty LLC
—
Deed Of Trust
related
$21,000 · Franklin Savings Bank Nh
May 4, 2010
—
Verbena Realty LLC
—
Deed Of Trust
related
$8,000 · Franklin Savings Bank Nh
Jun 1, 2006
—
Verbena Realty LLC
—
Deed Of Trust
related
$321,000 · Worth Funding INC
May 17, 2006
$642,000
Verbena Realty
Hodges,stephen M
Warranty Deed
$321,000 · Franklin Savings Bank Nh
May 17, 2006
—
Verbena Realty LLC
—
Grant Deed
related
$321,000 · Franklin Savings Bank
May 16, 2001
$323,300
Stephen M Hodges
Petras,mary
Warranty Deed
$145,000 · Lake Sunapee Bank Nh
—
—
Verbena Realty LLC
—
Deed Of Trust
related
$200,000 · Franklin Svgs Bk
—
—
Verbena Realty LLC
—
Deed Of Trust
related
$428,000 · Bank Of Nh
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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