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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Investment properties
361 Massabesic St Manchester, NH 03103-3634
Entity Owned
3-yr Hold
Property ID
US58-0019937
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Construction
FRAME
Total area
15,440 SF
Lot
0.25 ac (10,840 SF)
APN
MNCH M:0175 B:000 L:0021
UPID
US58-0019937
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.93M
Owner & transaction history
Le Investments LLC · 3 yrs held
Le Investments LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+57.6%
Auto repair, garage
$2.6M
+44.5%
Industrial (general)
$2.4M
+32.2%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
$1,875,000
ML approach
$1,895,000
CAP Approach
CAP Return
Estimation
6%
$2,870,000
6.5%
$2,650,000
7%
$2,460,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,785,000
Current use
OFFICE BUILDING
$2,815,000
Change: +58% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,580,000
Change: +44% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,365,000
Change: +32% · Conversion: Moderate
RETAIL STORES
$2,175,000
Change: +22% · Conversion: Easy
WAREHOUSE, STORAGE
$1,470,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $1.97M (Sep 19 2022)
Last sale anchor
$1.97M
Sep 19 2022
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
$125 / 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
$14,650
Tax year 2023
Assessed value
$776,800
Assessed 2023
Previous assessed
$776,800
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$87,300
Assessed improvement
$689,500
Applied tax rate
45,140.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1925
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
14
Total area
15,440 SF
Lot
0.25 ac (10,840 SF)
APN
MNCH M:0175 B:000 L:0021
UPID
US58-0019937
Jurisdiction
MANCHESTER CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1925
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
14
Lot
0.25 ac
Current owner
From public records · entity-resolved
Le Investments LLC
Entity
Mailing address
361 MASSABESIC ST, MANCHESTER, NH 03103-3634
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2022
$1,970,000
Le Investments LLC
Louis Pichette
Warranty Deed
$1,220,000 · Eastern Bank
Feb 24, 2022
—
Louis Pichette
—
Deed
related
$900,000 · Primary Bank
Aug 7, 2014
—
Louis J Pichette
—
Grant Deed
related
$1,075,000 · Ledyard Nat'l Bk
Feb 23, 2012
—
Louis J Pichette
—
Deed Of Trust
related
$225,000 · Bank Of New England NA
Apr 24, 2009
—
Louis J Pichette
—
Deed Of Trust
related
$350,000 · Bank Of New England NA
Sep 5, 2007
$582,400
Louis J Pichette
Lawson Ft
Warranty Deed
$500,000 · L Bilodeau
Mar 31, 2004
—
Lawson Ft
—
Deed Of Trust
related
$487,500 · Saint Marys Bank
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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