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

    506 High St Somersworth, NH 03878-1014

    • Office buildings
    • 1,456 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Jun 20, 2023
    $485,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0603164
    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

    • Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 506 High St

    Year built
    2013
    Construction
    FRAME
    Lot size
    0.21 lot acres
    Property size
    1,456 SF
    Zone code
    RC
    Property type
    Office buildings
    APN
    SMSW M:40 B:09 L:0
    APU
    SMSWM40B09L0

    Description

    This 1,456 square foot, single-story building is located at a lighted intersection on High Street in Somersworth, New Hampshire, offering excellent visibility and accessibility. Built in 2013, the property features a full basement providing ample storage space. The building is zoned Residential/Commercial, allowing for a variety of uses. Permitted commercial uses include, but are not limited to: retail, wholesale, rental trades, commercial service and repair facilities (excluding motor vehicles), professional and business offices, personal service establishments (e.g., hair salons, copy centers), laundry and dry cleaning shops, trade and craft establishments, day care facilities, banks, and other financial institutions. Additionally, the property includes two ADA-compliant parking spaces and a ramp, ensuring convenient access for all. This former Cricket Wireless store presents a fantastic opportunity for a variety of businesses seeking a high-traffic location in a thriving retail area. The property is situated in Strafford County, NH, zip code 03878.

    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
    Somersworth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.8842
    Latitude
    43.2249
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-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
    $9,874
    $128,600
    $208,400
    $337,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $615,000
      680 SF

      367 Rte 108

      OFFICE BUILDING • 680 SF
      367 Rte 108, Somersworth, NH 03878-1522
      View Details
    • Value Estimation by Request
      4,284 SF

      85 Main St

      OFFICE BUILDING • 4,284 SF
      85 Main St, Somersworth, NH 03878-3111
      View Details
    • Value Estimation by Request
      1,040 SF

      441 High St

      OFFICE BUILDING • 1,040 SF
      441 High St, Somersworth, NH 03878-1010
      View Details
    • Value Estimation by Request
      7,750 SF

      9 Andrews Rd

      OFFICE BUILDING • 7,750 SF
      9 Andrews Rd, Somersworth, NH 03878-1042
      View Details
    • Value Estimation
      $1,125,000
      2,400 SF

      438 High St

      OFFICE BUILDING • 2,400 SF
      438 High St, Somersworth, NH 03878-1011
      View Details
    • Value Estimation by Request
      5,125 SF

      98 High St

      OFFICE BUILDING • 5,125 SF
      98 High St, Somersworth, NH 03878-2612
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,240 SF

      Somersworth Medical Office Building

      State-of-the-art medical office, sale or lease.
      259 Route 108, Somersworth, NH 03878
      View Details
    • $1,390,000
      8,240 SF

      Route 108 Medical Office Building

      Prime Somersworth Medical Office, 8,240 SF
      259 Route 108, Somersworth, NH 03878
      View Details
    • $975,000
      8,300 SF

      Somersworth Medical Office Complex

      Two Suites or Entire Building Available
      259 Unit, Somersworth, NH 03878
      View Details
    • $590,000
      8,240 SF

      Somersworth Medical Office Complex

      Prime Medical Office Space, 8,240 SF
      259 Unit, Somersworth, NH 03878
      View Details
    • $400,000
      0.28 Acres

      Somersworth Mixed-Use Development Opportunity

      Gutted building ready for transformation into a mixed-use property.
      25 High St, Somersworth, NH 03878
      View Details
    • $655,000

      Somersworth Specialty Property Available

      Specialty property for sale in Somersworth, New Hampshire.
      329 Main St, Somersworth, NH 03878
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      8,240 SF

      Route 108 Somersworth Medical Office Space

      Versatile Medical/Industrial Space in Somersworth, NH
      259 Nh-108, Somersworth, NH 03878
      View Details
    • $20 SF/Yr
      7,524 SF

      Modern Office Space in Somersworth

      Prime Somersworth location with flexible floor plans and ample parking.
      10 Andrews Rd, Somersworth, NH 03878
      View Details
    • $18 SF/Yr
      28,626 SF

      Somersworth Medical Office Space

      28,626 SF Medical Office Building, NH Seacoast
      7 Works Way, Somersworth, NH 03878
      View Details
    • $13 SF/Yr
      49,300 SF

      Somersworth NH Warehouse Space

      49,300 SF Warehouse, 17 Acres
      0 Willand Dr, Somersworth, NH 03878
      View Details
    • Contact for pricing
      26,400 SF

      Somersworth Ground Lease Opportunity

      Ground lease opportunity in Somersworth for retail, industrial, mixed-use development.
      445 High St, Somersworth, NH 03878
      View Details
    • $14 SF/Yr
      52,138 SF

      Tri-City Road Warehouse Space

      Modern Warehouse, Excellent Location
      100 Tri City Rd, Somersworth, NH 03878
      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.
    506 High St
    Somersworth, NH 03878-1014
    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.