Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Commercial St Ste, Unit 201 Manchester, NH 03101-1151

    • Office Properties & Spaces
    • 13,968 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0224412
    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

    • Office Properties & Spaces

    Property Details for 500 Commercial St Ste

    Year built
    1881
    Lot size
    0.26 lot acres
    Property size
    13,968 SF
    Property type
    Office Properties & Spaces
    APN
    MNCH M:0276 B:000 L:0001B
    APU
    MNCHM0276B000L0001B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,589,000
      Market price range: $1.37M - $4.14M
      AI Estimate
      $803,000
      Market price range: $449k - $1.95M

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4675
    Latitude
    42.9944
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,993
    $0.00
    $848,000
    $848,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      1045 Elm St

      Office space
      1045 Elm St, Manchester, NH 03101
      View Details
    • Value Estimation by Request

      409 Elm St Unit

      Office Properties & Spaces
      409 Elm St Unit, Manchester, NH 03101
      View Details
    • Value Estimation by Request
      404 SF

      2 Wall St, Unit CE

      CONDOMINIUM OFFICES • 404 SF
      2 Wall St, Manchester, NH 03101-1518
      View Details
    • Value Estimation by Request
      2,076 SF

      40 Brk St

      CONDOMINIUM OFFICES • 2,076 SF
      40 Brk St, Manchester, NH 03101-1215
      View Details
    • Value Estimation by Request
      2,484 SF

      87 Middle St

      CONDOMINIUM OFFICES • 2,484 SF
      87 Middle St, Manchester, NH 03101-1905
      View Details
    • Value Estimation by Request
      3,044 SF

      1650 Elm St Ste, Unit 201

      CONDOMINIUM OFFICES • 3,044 SF
      1650 Elm St Ste, Manchester, NH 03101-1217
      View Details

    Similar Nearby for Sale

    • $395,000
      2,218 SF

      Turnkey Office Condo with Skyline Views

      Renovated office condo with Manchester skyline views for sale.
      1650 Elm St, Manchester, NH 03101
      View Details
    • $69,900
      50,000 SF

      Manchester Restaurant Space For Sale

      Turnkey Restaurant, High Visibility Location
      1361 Elm St, Manchester, NH 03101
      View Details
    • $2,000,000
      10,908 SF

      Established Manchester Commercial Property

      Sale-leaseback opportunity with two established local businesses as tenants.
      72 Old Granite St, Manchester, NH 03101
      View Details
    • Contact for pricing
      9,030 SF

      Corner Lot in Manchester

      Corner lot near downtown Manchester available for sale.
      89 Bridge St, Manchester, NH 03101
      View Details
    • Contact for pricing
      9,030 SF

      Manchester Gas Station - Prime Location

      High-traffic corner lot, 9,030 SF retail space.
      89 Bridge St, Manchester, NH 03101
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      8,700 SF

      Downtown Manchester Office Space

      Prime Elm Street Office Suites, 2,228-5,000 SF
      293 Elm St, Manchester, NH 03101
      View Details
    • $22 SF/Yr
      98,845 SF

      Manchester Office Sublease Opportunity

      Class A Office Space, Downtown Manchester
      650 Elm St, Manchester, NH 03101
      View Details
    • $24 SF/Yr
      98,845 SF

      650 Elm St: Class A Office Space

      Prime Manchester, NH office space available.
      650 Elm St, Manchester, NH 03101
      View Details
    • $20 SF/Yr
      14,805 SF

      Downtown Manchester Retail Space

      High-traffic retail space, prime location.
      803 Elm St, Manchester, NH 03101
      View Details
    • $5 SF/Yr
      6,033 SF

      Manchester NH Office Space

      Flexible Workspace Solutions in Manchester
      1045 Elm St, Manchester, NH 03101
      View Details
    • $23 SF/Yr
      1,600 SF

      Downtown Manchester Retail/Office Space

      Street-level retail or office space in downtown Manchester.
      21 Central St, Manchester, NH 03101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Commercial St Ste, Unit 201
    Manchester, NH 03101-1151
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.