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    Property profile & analytics

    480 Route 3 Carroll, NH 03595

    • Commercial real estate
    For Sale
    View listing
    $349,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0298882
    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

    • Commercial real estate

    Property Details for 480 Route 3

    Year built
    1970
    Property type
    Commercial real estate

    Description

    This exceptional Carroll, NH commercial property, situated on high-traffic Route 3, presents a unique investment opportunity. The building offers a flexible commercial space ideal for a variety of businesses, from retail and office to service-oriented enterprises. Its prime location ensures excellent visibility and accessibility for customers. The property also includes a spacious upstairs apartment, perfect for owner-occupancy or generating additional rental income. The apartment is described as having modern amenities, though specifics are not provided. A significant feature is the three-bay garage, offering ample space for automotive repair, storage, or a workshop. The garage's size and configuration are not specified. The property benefits from significant road frontage, maximizing its visibility to passing traffic on Route 3. Adding to its appeal is direct access to snowmobile trails, a significant advantage for those seeking recreational opportunities or catering to winter sports enthusiasts. The property is listed at $349,000 and sits on a lot with no acreage specified. This combined commercial and residential property offers a rare blend of business and living convenience in a desirable New Hampshire location. The property's square footage is not provided. This is a truly unique opportunity to acquire a well-positioned and versatile property in Carroll, NH.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carroll
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.55669
    Latitude
    44.26762

    Comparable in this City

    • $525,000
      2.68 Acres

      Riverside Commercial Land Opportunity

      Prime commercial land with existing infrastructure near Bretton Woods.
      330 Us Rte 302, Carroll, NH 03595
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    • $249,900
      3.30 Acres

      Residential Land with Renovated Garage

      3.3-acre residential land with renovated garage near outdoor activities.
      357 Parker Road Ext, Carroll, NH 03595
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    • $525,000
      2.38 Acres

      Riverside Land Ready to Build

      Prime land with existing infrastructure near Bretton Woods.
      330 Us Rte 302, Carroll, NH 03595
      View Details
    • $125,000
      0.92 Acres

      Ready-to-Build Lot in Twin Mountain

      Level 0.92-acre lot in Twin Mountain neighborhood, ready to build.
      00 Little River Rd, Carroll, NH 03595
      View Details
    • $149,000
      2.39 Acres

      Residential Land in Tuttlebrook Community

      Level lot ready for building in Carroll, New Hampshire.
      00 Tuttle Brook Rd, Carroll, NH 03595
      View Details

    Similar Nearby for Sale

    • $525,000
      2.68 Acres

      Riverside Commercial Land Opportunity

      Prime commercial land with existing infrastructure near Bretton Woods.
      330 Us Rte 302, Carroll, NH 03595
      View Details
    • $249,900
      3.30 Acres

      Residential Land with Renovated Garage

      3.3-acre residential land with renovated garage near outdoor activities.
      357 Parker Road Ext, Carroll, NH 03595
      View Details
    • $525,000
      2.38 Acres

      Riverside Land Ready to Build

      Prime land with existing infrastructure near Bretton Woods.
      330 Us Rte 302, Carroll, NH 03595
      View Details
    • $125,000
      0.92 Acres

      Ready-to-Build Lot in Twin Mountain

      Level 0.92-acre lot in Twin Mountain neighborhood, ready to build.
      00 Little River Rd, Carroll, NH 03595
      View Details
    • $149,000
      2.39 Acres

      Residential Land in Tuttlebrook Community

      Level lot ready for building in Carroll, New Hampshire.
      00 Tuttle Brook Rd, Carroll, NH 03595
      View Details
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    480 Route 3
    Carroll, NH 03595
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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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