Property profile

38 Gln Ave Berlin, NH 03570

OFF-MARKET
Other retail properties
Property ID
US58-0297987
14,800 SF 0.67 ac lot Built 1900
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a centrally located office space in Berlin, New Hampshire, configured to support multiple teams through a layout that includes four separate rooms: a private office or executive suite for leadership, private meetings, or focused work; a conference room for team meetings, presentations, or client interactions; a collaborative workspace for group work such as brainstorming or co-working; and a break room with space suitable for a kitchenette or coffee station. The space includes a full bathroom with a shower, and benefits from large windows providing natural light. Building access is controlled via personalized access codes for team members, and the office is set up with high-speed internet. Parking is available for staff and visitors, and the location is within walking distance of cafes, restaurants, and downtown amenities.

Property profile

Verified
Property type Other retail properties
Use group DEPARTMENT STORE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,800 SF
Lot 0.67 ac (29,185 SF)
Zoning code DT
APN BELN M:00118 B:000137 L:000000
UPID US58-0297987

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement
  • Association Or Organization
  • Vocational School

Location

38 Gln Ave Berlin, NH 03570-1943
Berlin metro Census 950800 BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2023
Last sale
$517,000
1 recorded transaction
2023
$517,000

Zoning & alternative use

DT · Berlin, NH
Zoning description

DOWNTOWN ZONE (DT) Sec. 17-91. Purpose The Downtown (DT) zone is intended to be the center or hub of the City of Berlin. Geographically, it covers the downtown area. The zone provides commercial, financial, retail, gover…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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