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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Showrooms
420 Daniel Webster Hwy Merrimack, NH 03054-4109
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US58-0396334
Property summary
AI-generated overview
This exceptional 13,328-square-foot retail building, formerly a Rite Aid, is available for lease in Merrimack, New Hampshire. Located on 3 acres of land at 420 Daniel Webster Highway, this Class A property boasts excellent visibility and accessibility within the bustling Daniel Webster Highway retail corridor. The single-tenant building is currently vacant and offers ample parking for customers and employees. Its strategic location provides exceptional exposure to high traffic volume. The building itself is in excellent condition and features significant outdoor storage space, presenting opportunities for expansion or outdoor displays. Zoned C2 Commercial, this versatile property is suitable for a wide variety of retail and commercial uses. The property's prime location in the Daniel Webster Highway submarket cluster within Hillsborough County, New Hampshire (zip code 03054), ensures strong potential for business success. The site benefits from a signalized access point, further enhancing its convenience and appeal. This is a rare opportunity to secure a high-quality retail space in a thriving commercial area. Contact us today to learn more about leasing this exceptional property.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1997
Construction
STEEL FRAME
Total area
11,520 SF
Lot
3.4 ac (148,060 SF)
Zoning code
C2- GE
APN
MRMK M:05D-4 L:000003 S:000001
UPID
US58-0396334
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
-
Coinhub Bitcoin ATM Teller Atm
-
Rite Aid Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.18M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$2.01M
Owner & transaction history
Premier Coml Prop LLC · 5 yrs held
Premier Coml Prop LLC
since 2020
Last sale
$2.1M
2 recorded transactions
Zoning & alternative use
C2- GE · Merrimack, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+28.6%
Auto repair, garage
$2.0M
+10.3%
Retail stores
$1.9M
+1.9%
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 Merrimack submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merrimack 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
$2,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,360,000
6.5%
$2,175,000
7%
$2,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,850,000
Current use
RESTAURANT
$2,380,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,040,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$1,885,000
Change: +2% · Conversion: Easy
OFFICE BUILDING
$1,710,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±10% · vs last sale $2.05M (Dec 23 2020)
Last sale anchor
$2.05M
Dec 23 2020
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
$174 / 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
$35,730
Tax year 2023
Assessed value
$1,837,000
Assessed 2023
Previous assessed
$2,125,500
-13.6% YoY
Effective rate
1.95%
On assessed value
Assessed land
$837,600
Assessed improvement
$999,400
Applied tax rate
47,540.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
11,520 SF
Lot
3.4 ac (148,060 SF)
Zoning code
C2- GE
APN
MRMK M:05D-4 L:000003 S:000001
UPID
US58-0396334
Jurisdiction
MERRIMACK TOWN
Zoning & alternative use
C2- GE · Merrimack, NH
Zoning C2- GE · permitted uses
C2- GE · Merrimack, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Merrimack. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
3.4 ac
Current owner
From public records · entity-resolved
Premier Coml Prop LLC
Entity
Mailing address
PO BOX 3165, HARRISBURG, PA 17105-3165
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$2,184,800
Premier Coml Prop LLC
Wec 97k-3 Investment Trust
Quit Claim Deed
related
$1,638,696 · Washington Svgs Bk Fsb
Jan 9, 1998
$2,050,000
97k-3 Invest T Wec
Rite Aid Of Nh INC
Grant Deed
$2,044,429 · Legg Mason Dorman
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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