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Property profile & analytics
FOR LEASE
Office buildings
45 Lyme Rd, Hanover, NH 03755
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US58-0023533
For Lease
1 / 8
$16 SF/Yr
45 Lyme Rd, Hanover, NH 03755
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
STEEL FRAME
Total area
42,882 SF
Lot
1.45 ac (63,255 SF)
Zoning code
B1
APN
HNOV M:044 B:001 L:001
UPID
US58-0023533
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
-
Law Office of Margaret A. Jacobs & Kerry A. Rigas, PLLC Law Firm
-
James E. Sweeney, MS Physician
-
Cradle & Crayon Daycare Center
-
RX International Logistics Company
-
Mary J. Schneider, PhD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$5.26M
Owner & transaction history
Bpi 45 Lyme Road LLC · 19 yrs held
Bpi 45 Lyme Road LLC
since 2006
4 recorded transactions
Zoning & alternative use
B1 · Hanover, 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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,720,000
Current use
RETAIL STORES
$7,100,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$5.26M
Range $4.73M – $5.78M · ±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
$123 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$121,255
Tax year 2022
Assessed value
$6,815,900
Assessed 2022
Previous assessed
$6,815,900
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,505,500
Assessed improvement
$5,310,400
Applied tax rate
33,860.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
15
Total area
42,882 SF
Lot
1.45 ac (63,255 SF)
Zoning code
B1
APN
HNOV M:044 B:001 L:001
UPID
US58-0023533
Jurisdiction
HANOVER TOWN
Zoning & alternative use
B1 · Hanover, NH
Zoning B1 · permitted uses
B1 · Hanover, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.7M
RETAIL STORES
Est. value
$7.1M
OFFICE BUILDING Current
RETAIL STORES
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
15
Lot
1.45 ac
Current owner
From public records · entity-resolved
Bpi 45 Lyme Road LLC
Entity
Mailing address
PO BOX 734, LEBANON, NH 03766-0734
Ownership since
2006
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
Mar 7, 2008
—
Iki 45 Lyme Road LLC
—
Deed Of Trust
related
$2,300,000 · Ledyard National Bank
Nov 26, 2007
—
Iki 45 Lyme Road LLC
—
Deed Of Trust
related
$1,000,000 · Ledyard National Bank
Nov 2, 2006
$6,850,000
Bpi 45 Lyme Road LLC
Raven Bay Assoc LLC
Warranty Deed
$2,000,000 · Ledyard National Bank
Nov 2, 2006
—
45 Lyme Road LLC
—
Deed Of Trust
related
$1,744,513 · Ledyard National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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