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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Manufacturing properties
38 Locke Rd Concord, NH 03301-5422
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US58-0008180
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,806 SF
Lot
2.64 ac (114,998 SF)
Zoning code
IN
APN
CNCD M:40Z B:10
UPID
US58-0008180
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
-
Rateliner Freight Service Logistics Company
-
PharMerica - Concord, NH Pharmacy
-
Computype Inc Medical Supply Store
-
Teresa C. Walker, PHD Pharmacy
-
Overhead Door Company of Concord Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.48M
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$3.65M
Owner & transaction history
Locke Road Group LLC · 7 yrs held
Locke Road Group LLC
since 2019
4 recorded transactions
Zoning & alternative use
IN · Concord, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Industrial (IN) District is established for the development of manufacturing, research and development facilities, wholesaling, warehousing, distribution, and offices, wherein full municipal utility services are available as is access to the City's collector and arterial streets, and adequate screening is provided for adjacent neighborhoods. Access may a…
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
1,688.77 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$4.6M
+8.7%
Retail stores
$4.5M
+7.0%
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 Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord 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%
$3,770,000
6.5%
$3,480,000
7%
$3,230,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,205,000
Current use
COMMERCIAL (GENERAL)
$4,565,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$4,500,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$4,015,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±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
$122 / 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
$52,063
Tax year 2023
Assessed value
$1,938,300
Assessed 2023
Previous assessed
$1,938,300
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$479,900
Assessed improvement
$1,458,400
Applied tax rate
14,200.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Bathrooms
4
Total area
29,806 SF
Lot
2.64 ac (114,998 SF)
Zoning code
IN
APN
CNCD M:40Z B:10
UPID
US58-0008180
Jurisdiction
CONCORD CITY
Zoning & alternative use
IN · Concord, NHZoning IN · permitted uses
IN · Concord, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Industrial (IN) District is established for the development of manufacturing, research and development facilities, wholesaling, warehousing, distribution, and offices, wherein full municipal utility services are available as is access to the City's collector and arterial streets, and adequate screening is provided for adjacent neighborhoods. Access may also be available to rail or air transportation within the IN District.
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
1,688.77 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Bathrooms
4
Lot
2.64 ac
Current owner
From public records · entity-resolved
Locke Road Group LLC
Entity
Mailing address
19 CHERRY LN, MADBURY, NH 03823-7525
Ownership since
2019
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
Apr 17, 2020
—
Locke Road Group LLC
—
Deed
related
$250,000 · Nancy Lamarche
Feb 27, 2019
$1,950,000
Locke Road Group LLC
Bradley Realty Invs Grp LLC
Warranty Deed
$1,450,000 · Provident Bk
Feb 28, 2007
$1,320,000
Bradley Rlty
Seven Brothers Rlty
Warranty Deed
$950,000 · Zwi Kohorn
—
—
Locke Road Group LLC
—
Deed Of Trust
related
$250,000 · Nancy Lamarche
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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