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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Warehouses
368 Pepsi Rd Manchester, NH 03109-5303
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US58-0027337
Property summary
AI-generated overview
This 25,400-square-foot industrial warehouse, built in 2003, is located at 368 Pepsi Road in Manchester, New Hampshire, Hillsborough County (zip code 03109). The entire space is available for lease. The single-story building boasts a 26-foot ceiling height, providing ample storage and operational space. Four loading docks and one drive-in door ensure efficient loading and unloading. The property includes 70 parking spaces for employees and visitors. The warehouse is equipped with 3-phase, 1200 amps/208 volts, 4-wire power. Municipal water and sewer services are in place, and natural gas heating is provided. The office area is fully air-conditioned. The property's zoning is Industrial. Its strategic location offers easy access to major highways, providing convenient north, south, east, and west connectivity. It's less than 1.5 miles from Interstate 93 Exit 6 and minutes away from retail, restaurants, and lodging options. Manchester-Boston Regional Airport is also within a short driving distance. This property presents a significant opportunity for businesses seeking a well-equipped, conveniently located warehouse space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
STEEL FRAME
Total area
25,400 SF
Lot
3.6 ac (156,816 SF)
APN
MNCH M:0717 B:000 L:0011G
UPID
US58-0027337
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
-
Goodfellow Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.96M
Owner & transaction history
S Nh Industrial Owner 3 · 3 yrs held
S Nh Industrial Owner 3
since 2022
Last sale
$3.1M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.6M
+91.5%
Auto repair, garage
$4.2M
+75.6%
Commercial (general)
$4.0M
+64.9%
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 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
$2,950,000
ML approach
$2,930,000
CAP Approach
CAP Return
Estimation
6%
$4,110,000
6.5%
$3,795,000
7%
$3,525,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,420,000
Current use
OFFICE BUILDING
$4,635,000
Change: +91% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,245,000
Change: +76% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,990,000
Change: +65% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,980,000
Change: +65% · Conversion: Easy
RETAIL STORES
$3,580,000
Change: +48% · Conversion: Moderate
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10% · vs last sale $3.10M (Aug 17 2022)
Last sale anchor
$3.10M
Aug 17 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
$117 / 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
$29,037
Tax year 2023
Assessed value
$1,539,600
Assessed 2023
Previous assessed
$1,539,600
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$205,400
Assessed improvement
$1,334,200
Applied tax rate
45,140.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
25,400 SF
Lot
3.6 ac (156,816 SF)
APN
MNCH M:0717 B:000 L:0011G
UPID
US58-0027337
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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
3.6 ac
Current owner
From public records · entity-resolved
S Nh Industrial Owner 3
Individual
Mailing address
368 PEPSI RD, MANCHESTER, NH 03109-5303
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2022
$3,100,000
S Nh Industrial Owner 3
Bt Realty LP
Quit Claim Arm's Length For Ne States
$76,373,000 · Harborone Bank
Dec 28, 2005
—
Second Generation Prop
—
Deed Of Trust
related
$350,000 · Barbara Tamposi Ret
Feb 26, 2002
$233,000
Bt Realty LP
Jokosa Rlty LLC
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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