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    573 Pne St Manchester, NH 03104-3533
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    Property profile & analytics

    573 Pne St Manchester, NH 03104-3533

    View on Map
    • Investment properties
    • 5,810 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US58-0098137
    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
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tigh Kiely, LLC / Real Estate Agency
    • Liberty Office Group East / Real Estate Agency
    • Michael Kiley - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Emerald Spring Orthopedic Massage, LLC / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 573 Pne St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.37 lot acres
    Property size
    5,810 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MNCH M:0012 B:000 L:0026
    APU
    MNCHM0012B000L0026

    Description

    This exceptional 700 sq ft office suite, located in a 9,851 sq ft building, offers a unique blend of historic charm and modern convenience. Situated in a prime location on Pine Street, this single-tenant space boasts original hardwood floors, high 9-foot ceilings, and abundant natural light. The suite comprises three offices—two large and one smaller, each providing a quiet and private workspace. Enjoy the convenience of a private kitchenette and bathroom, plus two private entrances in addition to the main entrance. The building, constructed in 1920 and renovated in 2018, features ample parking, including a large parking lot and street parking on two sides of a double corner lot on a busy one-way street. Benefit from impressive visibility thanks to a large illuminated sign. This all-inclusive flat-rate lease includes all utilities (heat, hot water, electricity, gas), taxes, parking, ground maintenance, snow removal, and high-speed internet (wired and WiFi 6). No CAM charges or net lease options are available. The building is zoned for office use and is a two-story structure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $650,000
      Market price range: $554k - $862k
      AI Estimate
      $389,000
      Market price range: $269k - $617k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $720,000
      Current use
      INDUSTRIAL (GENERAL)
      $890,000
      Change: +24% Conversion: Moderate
      RETAIL STORES
      $820,000
      Change: +14% Conversion: Easy
      OFFICE BUILDING
      $675,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4601
    Latitude
    42.9993
    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
    $10,733
    $120,800
    $448,300
    $569,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,830,000
      21,698 SF

      655 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 21,698 SF
      655 Chestnut St, Manchester, NH 03104-3682
      View Details
    • Value Estimation
      $865,000
      7,636 SF

      1153 Hanover St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,636 SF
      1153 Hanover St, Manchester, NH 03104-5620
      View Details
    • Value Estimation
      $520,000
      5,114 SF

      554 Beech St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,114 SF
      554 Beech St, Manchester, NH 03104-4809
      View Details
    • Value Estimation by Request
      2,316 SF

      24 Blodget St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,316 SF
      24 Blodget St, Manchester, NH 03104-3501
      View Details
    • Value Estimation by Request
      2,038 SF

      259 Brg St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,038 SF
      259 Brg St, Manchester, NH 03104-5039
      View Details
    • Value Estimation by Request
      4,212 SF

      180 Brg St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,212 SF
      180 Brg St, Manchester, NH 03104-5865
      View Details

    Similar Nearby for Sale

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    • $685,000

      Spacious Multi-Family Investment Opportunity

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    Similar Nearby for Lease

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      Commercial Space in Manchester, NH

      Retail space available for lease in Manchester, New Hampshire.
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      High-Visibility Retail Space Available

      Retail space available for lease on Hooksett Street.
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      Former Restaurant Space in Bedford

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      Retail Pad Available

      Retail space available for rent.
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    • $15 SF/Yr
      1,600 SF

      Office Space in Manchester's North End

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      View Details
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    Manchester, NH 03104-3533
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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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