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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Office buildings
6 Merrill Industrial Dr, Hampton, NH 03842-1970
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US58-0213584
Property summary
AI-generated overview
This exceptional Hampton, New Hampshire property, located at 6 Merrill Industrial Drive, offers 3,906 square feet of versatile office and flex space currently available for lease. The single-story building is classified as Class B and features convenient access with 50 feet of frontage. The space is divisible, with a minimum leasable area of 1,302 square feet and a maximum contiguous space of 2,604 square feet. Six loading docks provide efficient loading and unloading capabilities. The property is zoned for industrial use and boasts a highly desirable location in the Portsmouth submarket of Rockingham County. Its strategic position offers easy access to Interstate 95 and NH-101, ensuring seamless transportation and logistics for businesses. This is an excellent opportunity for medical offices or businesses requiring flexible space in a prime location. The property's APN is M142-B3, and the zip code is 03842. This listing presents a rare chance to secure a well-situated, adaptable space in a thriving New Hampshire market. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,335 SF
Lot
2.8 ac (121,968 SF)
Zoning code
I
APN
HMPT M:142 B:3
UPID
US58-0213584
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.29M
Blend (final)
Blend
$4.20M
Owner & transaction history
Fairview Nt · 14 yrs held
Fairview Nt
since 2011
3 recorded transactions
Zoning & alternative use
I · Hampton, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.8M
+55.6%
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 Hampton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hampton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,360,000
Current use
RETAIL STORES
$6,785,000
Change: +56% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,965,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10%
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
$134 / 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
$38,476
Tax year 2023
Assessed value
$2,297,100
Assessed 2023
Previous assessed
$2,297,100
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$426,800
Assessed improvement
$1,870,300
Applied tax rate
33,060.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Bathrooms
3
Total area
31,335 SF
Lot
2.8 ac (121,968 SF)
Zoning code
I
APN
HMPT M:142 B:3
UPID
US58-0213584
Jurisdiction
HAMPTON TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
I · Hampton, NH
Zoning I · permitted uses
I · Hampton, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hampton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.4M
RETAIL STORES
Est. value
$6.8M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING Current
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
3
Lot
2.8 ac
Current owner
From public records · entity-resolved
Fairview Nt
Individual
Mailing address
PO BOX 1975, HAMPTON, NH 03843-1975
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2011
—
Fairview Nt
—
Deed Of Trust
related
$2,600,000 · Peoples Bank
Jan 3, 2007
—
Ocean Nationa Bank
—
Deed Of Trust
related
$1,831,045 · Fairview Nt
—
—
Fairview,nominee Trust
—
Deed Of Trust
related
$2,700,000 · Institution For Svgs/newbury
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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