New search
Property profile & analytics
FOR LEASE
Commercial real estate
5 Mill Rd, Durham, NH 03824
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US58-0539317
For Lease
1 / 2
$6,865,000
5 Mill Rd, Durham, NH 03824
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,183 SF
Lot
10.66 ac (464,350 SF)
Zoning code
CB
APN
DRHM M:109 L:3
UPID
US58-0539317
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.03M
CAP Approach
CAP
$4.67M
Comparable Approach
Comparable
$6.62M
Blend (final)
Blend
$6.87M
Owner & transaction history
5-7 Mill Road LLC · 3 yrs held
5-7 Mill Road LLC
since 2023
Last sale
$8.8M
4 recorded transactions
Zoning & alternative use
CB · Durham, 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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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
$6,360,000
ML approach
$9,025,000
CAP Approach
CAP Return
Estimation
6%
$5,060,000
6.5%
$4,670,000
7%
$4,335,000
Blend value · Realmo final
$6.87M
Range $6.18M – $7.55M · ±10% · vs last sale $8.80M (Jun 14 2023)
Last sale anchor
$8.80M
Jun 14 2023
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
$227 / 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
$178,254
Tax year 2023
Assessed value
$8,703,800
Assessed 2023
Previous assessed
$9,589,800
-9.2% YoY
Effective rate
2.05%
On assessed value
Assessed land
$3,539,200
Assessed improvement
$5,164,600
Applied tax rate
19,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
4
Total area
30,183 SF
Lot
10.66 ac (464,350 SF)
Zoning code
CB
APN
DRHM M:109 L:3
UPID
US58-0539317
Jurisdiction
DURHAM TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
CB · Durham, NH
Zoning CB · permitted uses
CB · Durham, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
10.66 ac
Current owner
From public records · entity-resolved
5-7 Mill Road LLC
Entity
Mailing address
5 ML RD, DURHAM, NH 03824-3046
Ownership since
2023
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
Oct 2, 2025
—
5-7 Mill Road LLC
—
Deed
related
$10,226,000 · Eagle Bank
Jun 14, 2023
$8,800,000
5-7 Mill Road LLC
Colonial Durham Assoc
Warranty Deed
$9,150,000 · Digital FCU
May 17, 2018
—
Colonial Durham Associates
—
Deed
related
$2,000,000 · Bank Of Nh
—
—
Colonial Durham Associates
—
Deed Of Trust
related
$2,000,000 · Bank Of Nh
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
