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    Property profile & analytics

    60 Tri City Plz Somersworth, NH 03878-1320

    • Super regional malls
    • 57,688 SF
    OFF-MARKET
    Value Estimations
    $7,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0547453
    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

    • Super regional malls

    Property Details for 60 Tri City Plz

    Year built
    1985
    Construction
    CONCRETE
    Property size
    57,688 SF
    Zone code
    B
    Property type
    Super regional malls
    APN
    SMSW M:40 B:5F L:0
    APU
    SMSWM40B5FL0

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,575,000
      RESTAURANT
      $6,865,000
      RETAIL STORES
      $5,420,000
      OFFICE BUILDING
      $5,405,000
      AUTO REPAIR, GARAGE
      $5,360,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Somersworth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.8817
    Latitude
    43.2265
    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
    $70,094
    $0.00
    $2,392,300
    $2,392,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $12,820,000
      104,186 SF

      12 Commercial Dr

      REGIONAL SHOPPING CENTER, MALL • 104,186 SF
      12 Commercial Dr, Somersworth, NH 03878-1041
      View Details
    • Value Estimation
      $1,410,000
      9,864 SF

      260 Indian Brk Dr

      REGIONAL SHOPPING CENTER, MALL • 9,864 SF
      260 Indian Brk Dr, Somersworth, NH 03878
      View Details
    • Value Estimation
      $13,835,000
      112,173 SF

      11 Andrews Rd

      REGIONAL SHOPPING CENTER, MALL • 112,173 SF
      11 Andrews Rd, Somersworth, NH 03878-1042
      View Details
    • Value Estimation
      $870,000
      11,724 SF

      85 Washington St

      REGIONAL SHOPPING CENTER, MALL • 11,724 SF
      85 Washington St, Somersworth, NH 03878
      View Details
    • Value Estimation by Request
      0.69 Acres

      1 Rte 108

      PARKING LOT • 0.69 Acres
      1 Rte 108, Somersworth, NH 03878
      View Details
    • Value Estimation by Request
      57,430 SF

      411 Nh-108

      Individual retail properties • 57,430 SF
      411 Nh-108, Somersworth, NH 03878
      View Details

    Similar Nearby for Sale

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      0.28 Acres

      Somersworth Mixed-Use Development Opportunity

      Gutted building ready for transformation into a mixed-use property.
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    • $400,000
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      Somersworth Mixed-Use Development Opportunity

      Gutted building ready for transformation into a mixed-use property.
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    • $1,350,000

      Prime Somersworth Retail/Commercial Land

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      162 Nh Rte, Somersworth, NH 03878
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    • $4,999,500
      57,430 SF

      Somersworth Retail/Industrial Building For Sale

      57,430 SF retail/industrial building on 5.25 acres available for sale.
      411 Route 108, Somersworth, NH 03878
      View Details
    • $895,000
      0.17 Acres

      Somersworth Commercial Property For Sale

      Class A commercial property permitted for light industrial, retail, or restaurant.
      8 Somersworth Plz, Somersworth, NH 03878
      View Details
    • $350,000
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      Somersworth Plaza Retail Opportunity

      Prime Retail Space, High Visibility, Great Parking
      1 Somersworth Plz, Somersworth, NH 03878
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly trafficked shopping center.
      20-200 Tri City Rd, Somersworth, NH 03878
      View Details
    • Contact for pricing
      26,400 SF

      Somersworth Warehouse - High Street

      Versatile warehouse space for lease; multiple options available.
      445 High St, Somersworth, NH 03878
      View Details
    • Contact for pricing
      14,375 SF

      Turnkey Retail/Restaurant Space Available

      Renovated retail/restaurant space with ample parking in Somersworth, NH.
      8 Somersworth Plz, Somersworth, NH 03878
      View Details
    • Contact for pricing
      11,180 SF

      Retail Space with Drive-Through Potential

      Retail space available for lease with drive-through opportunity.
      341 High St, Somersworth, NH 03878
      View Details
    • $20 SF/Yr
      4,000 SF

      Somersworth Retail Space For Lease

      High-Visibility Retail Space, Excellent Location
      10 Andrews Rd, Somersworth, NH 03878
      View Details
    • $16 SF/Yr
      8,240 SF

      Route 108 Somersworth Medical Office Space

      Versatile Medical/Industrial Space in Somersworth, NH
      259 Nh-108, Somersworth, NH 03878
      View Details
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    60 Tri City Plz
    Somersworth, NH 03878-1320
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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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