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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Banks
48 Portland St Rochester, NH 03867-2711
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US58-0300859
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1978
Construction
FRAME
Total area
504 SF
Lot
0.53 ac (23,087 SF)
Zoning code
DTC
APN
RCHE M:0120 B:0351 L:0000
UPID
US58-0300859
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
-
Service Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Ccr Jv Mixed 15 Ne Bra · 19 yrs held
Ccr Jv Mixed 15 Ne Bra
since 2006
1 recorded transaction
Zoning & alternative use
DTC · Rochester, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Provide for a mix of uses within the zone, Preserve existing historic architectural structures and designs, Provide for the adaptive reuse of existing historic and non-historic structures
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
133.26 ac
Source
Realmo
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 Rochester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester 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
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$556 / 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
$5,779
Tax year 2023
Assessed value
$224,500
Assessed 2023
Previous assessed
$224,500
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$87,500
Assessed improvement
$137,000
Applied tax rate
65,140.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
504 SF
Lot
0.53 ac (23,087 SF)
Zoning code
DTC
APN
RCHE M:0120 B:0351 L:0000
UPID
US58-0300859
Jurisdiction
ROCHESTER CITY
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
DTC · Rochester, NHZoning DTC · permitted uses
DTC · Rochester, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Provide for a mix of uses within the zone, Preserve existing historic architectural structures and designs, Provide for the adaptive reuse of existing historic and non-historic structures
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
133.26 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Ccr Jv Mixed 15 Ne Bra
Individual
Mailing address
3003 LAFAYETTE RD, PORTSMOUTH, NH 03801-5904
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2006
$358,000
Ccr Jv Mixed 15 Ne Bra
Cre Jv 15 Branch Hldgs
Warranty Deed
$7,076,077 · Ubs Re Invest
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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