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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    401 Willow St Manchester, NH 03103-5730

    • Turn key restaurants
    • 3,183 SF
    • 0.45 lot acres
    OFF-MARKET
    Last Sale
    Jul 27, 2023
    $1,600,000
    Value Estimations
    $1,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0166307
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manchester Commons Shopping Center / Shopping Mall
    • Fotia Greek Taverna / Greek Restaurant / American Restaurant
    • Nourished / Restaurant

    Property Details for 401 Willow St

    Year built
    2017
    Construction
    FRAME
    Lot size
    0.45 lot acres
    Property size
    3,183 SF
    Property type
    Turn key restaurants
    APN
    MNCH M:0300 B:000 L:0008
    APU
    MNCHM0300B000L0008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,150,000
      ML approach
      $1,105,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,096,000
      Market price range: $396k - $1.10M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $715,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4518
    Latitude
    42.9679
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,662
    $489,900
    $552,600
    $1,042,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $320,000
      4,816 SF

      2287 Brown Ave

      RESTAURANT • 4,816 SF
      2287 Brown Ave, Manchester, NH 03103-6813
      View Details
    • Value Estimation
      $950,000
      3,049 SF

      6 Willow St

      RESTAURANT • 3,049 SF
      6 Willow St, Manchester, NH 03103-6322
      View Details
    • Value Estimation
      $225,000
      3,618 SF

      102 Spruce St

      RESTAURANT • 3,618 SF
      102 Spruce St, Manchester, NH 03103-5327
      View Details
    • Value Estimation
      $205,000
      3,116 SF

      123 Spruce St

      RESTAURANT • 3,116 SF
      123 Spruce St, Manchester, NH 03103-5326
      View Details
    • Value Estimation
      $195,000
      2,901 SF

      168 Manchester St

      RESTAURANT • 2,901 SF
      168 Manchester St, Manchester, NH 03103-5233
      View Details
    • Value Estimation
      $210,000
      3,418 SF

      128 Maple St

      RESTAURANT • 3,418 SF
      128 Maple St, Manchester, NH 03103-5625
      View Details

    Similar Nearby for Sale

    • $2,700,000
      8,758 SF

      Prime Retail Location on Willow

      High-visibility retail property on South Willow Street in Manchester, NH.
      719 S Willow St, Manchester, NH 03103
      View Details
    • $785,000
      2,236 SF

      Restaurant and Retail Property For Sale

      Restaurant and retail property on S. Willow Street, Manchester, NH.
      300 S Willow St, Manchester, NH 03103
      View Details
    • $3,500,000
      1.20 Acres

      Fully Occupied Manchester Retail Plaza

      Fully occupied 7-unit plaza on a 1.21 acre lot.
      333 Valley St, Manchester, NH 03103
      View Details
    • $1,495,000
      4,580 SF

      High-Visibility Commercial Property Available

      8,030 SF single-level building on a level lot.
      25 S Maple St, Manchester, NH 03103
      View Details
    • $39,900

      Prime Bronx Retail Space

      4,000 sq ft Ground Floor Retail
      223 Taylor St, Manchester, NH 03103
      View Details
    • $1,624,000
      2,070 SF

      Jiffy Lube Investment Opportunity

      NNN leased Jiffy Lube with long-term extension and rent increases.
      283 S Willow St, Manchester, NH 03103
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,800 SF

      Retail Space with Bar Buildout

      End-cap retail unit with bar buildout and restrooms.
      245 Maple St, Manchester, NH 03103
      View Details
    • $21 SF/Yr
      1,681 SF

      Renovated Retail Space with Equipment

      Recently renovated retail space with equipment and parking.
      912 Somerville St, Manchester, NH 03103
      View Details
    • Contact for pricing
      10,453 SF

      TJ Maxx Plaza Retail Space

      Manchester, NH retail spaces available.
      933 Willow St, Manchester, NH 03103
      View Details
    • Contact for pricing
      7,280 SF

      Restaurant Opportunity Near Mall

      7,280 SF restaurant space with high visibility near Mall.
      1516 S Willow St, Manchester, NH 03103
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space Near Mall

      Retail space in busy Manchester shopping center for lease.
      725 Huse Rd, Manchester, NH 03103
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in High-Traffic Area

      Prime retail opportunity in Manchester's busy shopping corridor.
      655 S Willow St, Manchester, NH 03103
      View Details

    Property Visit Statistics

    • Visits by month
      1.5k
    • Visitors by month
      1.4k
    • Avg Time on site
      37 min
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    401 Willow St
    Manchester, NH 03103-5730
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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