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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
40 Jericho Rd Berlin, NH 03570-1314
Entity Owned
19-yr Hold
Free & Clear
Property ID
US58-0131168
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
STEEL FRAME
Total area
9,290 SF
Zoning code
IB
APN
BELN M:00108 B:000012 L:0000L2
UPID
US58-0131168
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
-
BFO Truck & Trailer Repair Auto Repair Shop
-
Presby R&D Manufacturing, LLC Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$520k
Owner & transaction history
Issi Enterprises INC · 19 yrs held
Issi Enterprises INC
since 2007
7 recorded transactions
Zoning & alternative use
IB · Berlin, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
INDUSTRIAL/BUSINESS ZONE (IB) Sec. 17-111. Purpose The primary purpose of the Industrial/Business (IB) zoning district is to provide land in appropriate locations for industrial uses which improve employment opportunities and strengthen the economic base of the City. Because these industrial uses may have operational characteristics that are usually incompat…
Zone name
Industrial And Business
General category
INDUSTRIAL
Zone area
2,718.12 ac
Source
ZONING ORDINANCE
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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$845,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$56 / 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
$12,202
Tax year 2023
Assessed value
$453,600
Assessed 2023
Previous assessed
$453,600
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed improvement
$453,600
Applied tax rate
5,140.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Bathrooms
5
Total area
9,290 SF
Zoning code
IB
APN
BELN M:00108 B:000012 L:0000L2
UPID
US58-0131168
Jurisdiction
BERLIN CITY
Zoning & alternative use
IB · Berlin, NHZoning IB · permitted uses
IB · Berlin, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
INDUSTRIAL/BUSINESS ZONE (IB) Sec. 17-111. Purpose The primary purpose of the Industrial/Business (IB) zoning district is to provide land in appropriate locations for industrial uses which improve employment opportunities and strengthen the economic base of the City. Because these industrial uses may have operational characteristics that are usually incompatible with non-industrial land uses, only a limited number of uses customarily accessory to industry are permitted.
Zone name
Industrial And Business
General category
INDUSTRIAL
Zone area
2,718.12 ac
Source
ZONING ORDINANCE
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$845,000
AUTO REPAIR, GARAGE
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
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
5
Current owner
From public records · entity-resolved
Issi Enterprises INC
Entity
Free & Clear · 19 yrs held
Mailing address
40 JERICHO RD, BERLIN, NH 03570-1314
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2010
—
Structural Steel Isaacson
—
Deed Of Trust
related
$2,000,000 · Passumpsic Savings Bank
Dec 4, 2008
—
Structural Steel Isaacson
—
Deed Of Trust
related
$10,246,797 · Passumpsic Savings Bank
May 27, 2008
—
Issacson Structural Steel
—
Deed Of Trust
related
$1,000,000 · Passumpsic Savings Bank
Dec 21, 2007
—
Structural Steel Isaacson
—
Deed Of Trust
related
$2,000,000 · Passumpsic Savings Bank
Jun 21, 2007
$22,000
Issi Enterprises INC
Elizabeth Sanschagrin T
Quit Claim Deed
related
—
Mar 27, 2007
—
Structural Steel Isaacson
—
Deed Of Trust
related
$5,250,000 · Passumpsic Savings Bank
Dec 14, 2006
—
Structural Steel Isaacson
—
Deed Of Trust
related
$650,000 · Passumpsic Savings Bank
Nov 2, 2006
—
Annold P Hanson
—
Deed Of Trust
related
$395,000 · Passumpsic Savings Bank
Aug 2, 2006
—
Structural Steel Isaacson
—
Deed Of Trust
related
$650,000 · Passumpsic Savings 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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