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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Showrooms
38 Mast Rd, Lee, NH 03861-6554
Entity Owned
~
Est. High Equity
Property ID
US58-0105856
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1965
Total area
2,567 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RES
APN
LLEE M:00013 B:000006 L:000100
UPID
US58-0105856
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
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$685k
Owner & transaction history
J P Irving LLC
J P Irving LLC
since 2026
Last sale
$680,000
5 recorded transactions
Zoning & alternative use
RES · Lee, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lee 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
$760,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $680k (Jun 1 2022)
Last sale anchor
$680k
Jun 1 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
$267 / 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
$11,222
Tax year 2023
Assessed value
$474,900
Assessed 2023
Previous assessed
$448,800
+5.8% YoY
Effective rate
2.36%
On assessed value
Assessed land
$270,500
Assessed improvement
$204,400
Applied tax rate
41,460.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1965
Heating
HOT WATER
Stories
1
Bathrooms
7
Total area
2,567 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RES
APN
LLEE M:00013 B:000006 L:000100
UPID
US58-0105856
Jurisdiction
LEE TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
RES · Lee, NH
Zoning RES · permitted uses
RES · Lee, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
HOT WATER
Stories
1
Bathrooms
7
Lot
1.1 ac
Current owner
From public records · entity-resolved
J P Irving LLC
Entity
Mailing address
38 MAST RD, LEE, NH 03861-6554
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
$1,280,000
J P Irving LLC
Fifty Four Mast Rd Lee LLC
Warranty Deed
$3,762,500 · Kennebunk Savings Bank
Jan 10, 2025
—
38 Mast Road Lee LLC
—
Deed
related
$950,000 · Camden National Bank
Jul 18, 2022
—
38 Mast Road Lee LLC
—
Deed
related
$3,660,000 · Camden National Bank
Jun 1, 2022
$680,000
38 Mast Road Lee LLC
Gordon G Tibbetts
Warranty Deed
$3,660,000 · Camden National Bank
May 15, 2007
—
Gordon G Tibbetts
—
Deed Of Trust
related
$152,000 · Banknorth NA
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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