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    Property profile & analytics

    56 Davidson Dr Farmington, NH 03835

    • Industrial properties
    • 62,890 SF
    • 10.00 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Last Sale
    Sep 15, 2022
    $2,500,000
    Value Estimations
    $2,500,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0442919
    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

    • South Shore Crate & Pack / Packaging Company

    Property Details for 56 Davidson Dr

    Year built
    1978
    Lot size
    10.00 lot acres
    Property size
    62,890 SF
    Zone code
    IB IND
    Property type
    Industrial properties
    APN
    FRMN M:R36 L:002 S:0-0 U:0
    APU
    FRMNMR36L002S00U0

    Description

    This exceptional 61,972-square-foot industrial warehouse, situated on a spacious 10-acre lot in Strafford County, presents a significant leasing opportunity. The property boasts a single-tenant occupancy, offering complete control and flexibility for the ideal business. The warehouse features a substantial 32-foot clear ceiling height, providing ample vertical space for storage and operations. Loading and unloading are facilitated by three conveniently located loading docks and three drive-in doors, ensuring efficient material handling. The property is equipped with robust electrical service, including 1,000 amps of 120-480v 3-phase heavy power, suitable for demanding industrial applications. Its strategic location just off Route 11 provides excellent visibility and accessibility, further enhanced by the availability of monument signage. The property is zoned for Industrial Business (IB), allowing for a wide range of industrial uses. This warehouse offers a rare combination of size, functionality, and location, making it an ideal choice for businesses seeking a high-quality industrial space in a prime Strafford County location. The expansive lot size provides ample room for expansion or future development. The combination of high ceilings, ample power, and convenient loading options makes this property well-suited for a variety of industrial tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,500,000
      ML approach
      $2,655,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,935,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Strafford
    State
    New Hampshire
    Longitude
    -71.0619
    Latitude
    43.3751
    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
    $28,411
    $106,800
    $1,000,400
    $1,107,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $270,000
      32.73 Acres

      Farmington Rdg Mhp

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 32.73 Acres
      Farmington Rdg Mhp, Farmington, NH 03835
      View Details
    • Value Estimation
      $245,000
      0.41 Acres

      Civic St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.41 Acres
      Civic St, Farmington, NH 03835
      View Details
    • Value Estimation by Request
      1.43 Acres

      Paulson Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.43 Acres
      Paulson Rd, Farmington, NH 03835
      View Details
    • Value Estimation
      $245,000
      2.00 Acres

      1204 Nh Rte 11

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2.00 Acres
      1204 Nh Rte 11, Farmington, NH 03835-3524
      View Details
    • Value Estimation
      $240,000
      2.23 Acres

      Nh Rte 11

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2.23 Acres
      Nh Rte 11, Farmington, NH 03835
      View Details
    • Value Estimation
      $235,000
      1.03 Acres

      Precinct Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.03 Acres
      Precinct Rd, Farmington, NH 03835
      View Details

    Similar Nearby for Sale

    • $4,200,000
      61,972 SF

      Farmington Warehouse: 61,972 SF

      Industrial warehouse, 10 acres, prime location.
      56 Davidson Dr, Farmington, NH 03835
      View Details
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      Land with lake access, beaches, and recreational opportunities.
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      22.9 acres of agricultural land in picturesque Farmington, NH.
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    • $60,000
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      Farmington Commercial Land Parcels

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    • $129,900
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      3.6 Acre Lot on Route 11

      3.6-acre lot on Route 11 with business and residential potential.
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    • $120,000
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      Farmington Land on Route 11

      Two-acre commercial lots on a high-traffic corridor.
      1204 Nh Route 11, Farmington, NH 03835
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    Similar Nearby for Lease

    • $6 SF/Yr
      61,972 SF

      Prime Strafford County Warehouse

      62,000 SF Warehouse - 10 Acres
      56 Davidson Dr, Farmington, NH 03835
      View Details
    • Contact for pricing
      61,972 SF

      Industrial Warehouse in Farmington, NH

      62,000 SF industrial warehouse on 10 acres for lease.
      Farmington, NH 03835
      View Details
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    56 Davidson Dr
    Farmington, NH 03835
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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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