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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Retail properties & Spaces
59 Main St Concord, NH 03301-4848
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US58-0219858
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,981 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CBP
APN
CNCD M:7413Z B:30
UPID
US58-0219858
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Web Design Hosting - Computer Repair - The Bit Lounge Advertising Agency Marketing & Advertising
-
The Bit Lounge Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Mane Element Hair Studio Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$940k
Owner & transaction history
Paisanos Realty LLC · 2 yrs held
Paisanos Realty LLC
since 2023
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
CBP · Concord, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+37.0%
Commercial (general)
$765,000
+1.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$885,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
RETAIL STORES
$750,000
Current use
AUTO REPAIR, GARAGE
$1,030,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +2% · Conversion: Easy
OFFICE BUILDING
$670,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $1.20M (Dec 20 2023)
Last sale anchor
$1.20M
Dec 20 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$189 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,224
Tax year 2023
Assessed value
$566,800
Assessed 2023
Previous assessed
$566,800
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$195,900
Assessed improvement
$370,900
Applied tax rate
14,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
2
Units
8
Bathrooms
2
Total area
4,981 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CBP
APN
CNCD M:7413Z B:30
UPID
US58-0219858
Jurisdiction
CONCORD CITY
Zoning & alternative use
CBP · Concord, NH
Zoning CBP · permitted uses
CBP · Concord, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$765,000
OFFICE BUILDING
Est. value
$670,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
1
Units
8
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Paisanos Realty LLC
Entity
Mailing address
59 S MAIN ST, CONCORD, NH 03301-4848
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
$1,200,000
Paisanos Realty LLC
Tracey L Gosselin
Warranty Deed
$600,000 · Tracey L Gosselin
Aug 7, 2013
—
Thomas Roy
—
Deed Of Trust
related
$320,000 · Bank Of New England NA
Oct 21, 2011
$200,000
Water RT Blue
Henry J Roy Ret
Warranty Deed
—
—
—
Roy,thomas A|gosselin,tracey A
—
Deed Of Trust
related
$385,000 · Provident Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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