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    51 Main St, Unit 57 Concord, NH 03301-4828
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    Property profile & analytics

    51 Main St, Unit 57, Concord, NH 03301-4828

    View on Map
    • Retail properties & Spaces
    • 13,544 SF
    • 0.18 lot acres
    Off-Market
    Last Sale Dec 17, 2021
    $1,365,000
    Property ID
    US58-0370637
    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.
    Value Estimations
    $1,410,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sharing Yoga Concord / Gym & Fitness Center
    • Bruce A. Reed, DC / Alternative Medicine Practice
    • All Elements Healing LLC / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 51 Main St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.18 lot acres
    Zone code
    CBP
    Property type
    Retail properties & Spaces
    APN
    CNCD M:7413Z B:29
    APU
    CNCDM7413ZB29

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2023 — Paisanos Realty LLC — Deed · related $600k · Merrimack County Savings Bank
    Dec 17, 2021 $1,365,000 Paisanos Realty LLC Latchis Properties LLC Warranty Deed $956k · Merrimack County Savings Bank
    Mar 28, 2002 $600,000 Latchis Props LLC Latchis,marina F Warranty Deed · related $600k · Zwi Kohorn

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,515,000
      ML approach
      $1,480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,332,000
      Market price range: $1.13M - $2.75M
      AI Estimate
      $877,000
      Market price range: $632k - $2.10M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,045,000
      Current use
      COMMERCIAL (GENERAL)
      $2,075,000
      Change: +2% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,910,000
      Change: -7% Conversion: Difficult
      OFFICE BUILDING
      $1,825,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.5337
    Latitude
    43.2014
    CBSA code
    18180
    CBSA name
    CONCORD, NH MICROPOLITAN 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
    $29,557
    $468,200
    $632,200
    $1,100,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,020,000
      11,280 SF

      142 Loudon Rd

      DEPARTMENT STORE
      142 Loudon Rd, Concord, NH 03301-5637
      View Details
    • Value Estimation
      $16,315,000
      121,292 SF

      80 Damante Dr

      DEPARTMENT STORE
      80 Damante Dr, Concord, NH 03301-5759
      View Details
    • Value Estimation
      $1,420,000
      9,741 SF

      391 Loudon Rd

      DEPARTMENT STORE
      391 Loudon Rd, Concord, NH 03301-6045
      View Details
    • Value Estimation
      $1,185,000
      5,515 SF

      204 Main St

      DEPARTMENT STORE
      204 Main St, Concord, NH 03301-5002
      View Details
    • Value Estimation
      $1,660,000
      16,982 SF

      92-94 Ss St

      DEPARTMENT STORE
      92-94 Ss St, Concord, NH 03301
      View Details
    • Value Estimation by Request
      1,632 SF

      108 Airport Rd

      DEPARTMENT STORE
      108 Airport Rd, Concord, NH 03301-5269
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Concord Pad Sites Available

      Pad sites for lease or sale with drive-thru permitted.
      265 Loudon Rd, Concord, NH 03301
      View Details
    • Contact for pricing
      11,280 SF

      Retail Property with Net Lease

      Retail property featuring a net lease and rare rent increases.
      142 Loudon Rd, Concord, NH 03301
      View Details
    • Contact for pricing

      Retail Opportunity on Main Street

      Retail space available for sale on Main Street.
      82 S Main St, Concord, NH 03301
      View Details
    • Contact for pricing

      Concord Mixed-Use Investment Portfolio

      Four-property portfolio with residential and commercial income potential.
      113 South Main St, Concord, NH 03301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Concord, New Hampshire.
      161 N State St, Concord, NH 03301
      View Details
    • Contact for pricing

      Commercial Property Near Downtown Concord

      Commercial property with leasable spaces and river views.
      254 North State St, Concord, NH 03301
      View Details
    • $2,500 /Mo

      Downtown Concord Commercial Space

      Highly visible commercial space in a sought-after downtown corridor.
      242 N Main St, Concord, NH 03301
      View Details
    • $14 SF/Yr

      Commercial Unit Near Concord Airport

      2,500 SF commercial unit near Concord Municipal Airport.
      19 Henniker St, Concord, NH 03301
      View Details
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    Concord, NH 03301-4828
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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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