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    553 Mast Rd Goffstown, NH 03045

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    553 Mast Rd Goffstown, NH 03045

    View on Map
    • Super regional malls
    • 111,511 SF
    • 16.70 lot acres
    For Lease
    $1,150,000
    View Listing →
    Retail Space Near FunCity Park For Lease
    $1,150,000
    26,200 SF

    Retail Space Near FunCity Park

    Retail opportunities available near FunCity Trampoline Park in Goffstown, NH.

    553 Mast Rd, Goffstown, NH
    View Listing
    Property ID
    US58-0705928
    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
    $1,150,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Domino's Pizza / Restaurant
    • DNC Flooring / General Contractor / Renovation Specialist
    • Karma Smoke Beer & Wine / (Bike/Boat/Book/etc) Store
    • Supercuts / Hair Salon / Nail Salon
    • RTD Arms & Sport / Gun Shop / Engraver

    Property Details for 553 Mast Rd

    Year built
    1975
    Lot size
    16.70 lot acres
    Property size
    111,511 SF
    Zone code
    C
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    GOFF M:18 B:58B L:
    APU
    GOFFM18B58BL

    Description

    This exceptional retail property, located at 553 Mast Rd in Goffstown, New Hampshire, offers 23,047 square feet of commercial space with significant vacancy. The property is zoned C-Commercial and situated in Hillsborough County, zip code 03045. Multiple tenancy options are available, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 9,797 square feet. A substantial 21,447 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. Ample parking is provided with 661 spaces, including 28 designated handicapped spaces. The property's prime location ensures high visibility and accessibility for businesses seeking a strong foothold in the Goffstown market. This versatile space is ideal for a variety of retail uses, and the substantial vacant space allows for customization to suit individual business needs. The property's convenient location and ample parking make it an attractive option for both businesses and customers. This is a rare opportunity to secure a significant retail presence in a thriving New Hampshire community. Contact us today to learn more about this exceptional property and its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,436,000
      Market price range: $1.44M - $3.66M

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

    Location Insight

    • Map
    • Local Demand
    City
    Goffstown
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.5153
    Latitude
    43.0013
    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
    $84,870
    $3,520,900
    $979,100
    $4,500,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      23,431 SF

      542 Mast Rd

      REGIONAL SHOPPING CENTER, MALL • 23,431 SF
      542 Mast Rd, Goffstown, NH 03045-5257
      View Details
    • Value Estimation
      $535,000
      5,000 SF

      548 Mast Rd

      AUTO REPAIR, GARAGE • 5,000 SF
      548 Mast Rd, Goffstown, NH 03045-5256
      View Details
    • Value Estimation
      $1,160,000
      12,982 SF

      11 Roosevelt St

      SHOW ROOM, WAREHOUSE • 12,982 SF
      11 Roosevelt St, Goffstown, NH 03045
      View Details
    • Value Estimation by Request
      2,856 SF

      234 Daniel Plummer Rd

      DEPARTMENT STORE • 2,856 SF
      234 Daniel Plummer Rd, Goffstown, NH 03045-5213
      View Details
    • Value Estimation by Request
      1,642 SF

      15 Elm St

      SHOW ROOM, WAREHOUSE • 1,642 SF
      15 Elm St, Goffstown, NH 03045-1915
      View Details
    • Value Estimation
      $770,000
      7,600 SF

      4 Main St

      DEPARTMENT STORE • 7,600 SF
      4 Main St, Goffstown, NH 03045-1767
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,200 SF

      Retail Space Near FunCity Park

      Retail opportunities available near FunCity Trampoline Park in Goffstown, NH.
      553 Mast Rd, Goffstown, NH 03045
      View Details
    • Contact for pricing

      Charming Commercial Space in Goffstown

      Highly visible commercial space in the heart of downtown Goffstown.
      4 Main St, Goffstown, NH 03045
      View Details
    • $9 SF/Yr
      20,387 SF

      Goffstown Warehouse/Shop Space Available

      Clean, flexible warehouse/shop space in downtown Goffstown.
      70 Depot St, Goffstown, NH 03045
      View Details
    • $12 SF/Yr
      3,600 SF

      Goffstown Warehouse/Industrial Units For Rent

      Warehouse/industrial units with office space, loading docks, and drive-in door.
      30 Lamy Dr, Goffstown, NH 03045
      View Details
    • Contact for pricing

      30 Lamy Dr, Goffstown, NH 03045

      Flex space
      30 Lamy Dr, Goffstown, NH 03045
      View Details
    View Listing
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    Goffstown, NH 03045
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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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