Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    61 Airport Dr, Unit 2 Rochester, NH 03867-1726

    • Commercial real estate
    • 3,400 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0104631
    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

    • Solid Machine / Industrial Manufacturer
    • Superior Industries, LLC / Building Supply / Industrial Manufacturer
    • All Door & Lock-Glass & Mirror / Hardware & Home Improvement / Production Facility
    • Konecranes / Construction Company / General Contractor
    • Pro Av LLC / Electronics & Wireless Store / Big Box & Wholesale Store

    Property Details for 61 Airport Dr

    Year built
    2006
    Construction
    STEEL FRAME
    Property size
    3,400 SF
    Zone code
    I2
    Property type
    Commercial real estate
    APN
    RCHE M:0242 B:0003 L:0002
    APU
    RCHEM0242B0003L0002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9185
    Latitude
    43.2816
    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
    $6,335
    $0.00
    $246,100
    $246,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      47AB Hanson St

      Land
      47AB Hanson St, Rochester, NH 03867
      View Details
    • Value Estimation
      $2,830,000
      17,240 SF

      7 Crane Dr

      COMMERCIAL (GENERAL) • 17,240 SF
      7 Crane Dr, Rochester, NH 03867-4354
      View Details
    • Value Estimation by Request
      3,046 SF

      50 Main St Ste, Unit 3

      COMMERCIAL CONDOMINUIM • 3,046 SF
      50 Main St Ste, Rochester, NH 03867-1969
      View Details
    • Value Estimation by Request
      18,956 SF

      183 Wakefield St

      Commercial real estate • 18,956 SF
      183 Wakefield St, Rochester, NH 03867
      View Details
    • Value Estimation
      $500,000
      815 SF

      11 Whitehall Rd, Unit 2A

      COMMERCIAL CONDOMINUIM • 815 SF
      11 Whitehall Rd, Rochester, NH 03867-3226
      View Details
    • Value Estimation by Request
      39.00 Acres

      6 Joshua St

      COMMERCIAL (GENERAL) • 39.00 Acres
      6 Joshua St, Rochester, NH 03867
      View Details

    Similar Nearby for Sale

    • $499,900
      0.20 Acres

      Downtown Rochester Mixed-Use Gem

      Renovated Duplex w/ Development Potential
      45AB Hanson St, Rochester, NH 03867
      View Details
    • $500,000
      0.20 Acres

      Rochester Mixed-Use Investment

      Downtown Rochester, renovated duplex, high potential.
      45 Hanson St, Rochester, NH 03867
      View Details
    • $150,000

      Downtown Rochester Land - Huge Potential

      Mixed-use land, rehab opportunity, downtown location.
      47AB Hanson St, Rochester, NH 03867
      View Details
    • $950,000
      9,220 SF

      Rochester NH Investment Property

      High-Yield, Triple Net Lease, Excellent Location
      45 Hancock St, Rochester, NH 03867
      View Details
    • $2,000,000

      Prime Rochester Commercial Land

      73,616 sq ft lot, $2M asking
      24 Signal St, Rochester, NH 03867
      View Details
    • $4,400,000
      9,260 SF

      Iconic Rochester Restaurant & Tavern

      Established NH eatery, 9,260 sq ft, 1.7 acres
      11 Farmington Rd, Rochester, NH 03867
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      70,580 SF

      Rochester Flex Space - Two Units Available

      Versatile industrial/office space in prime Rochester location.
      25 Old Dover Rd, Rochester, NH 03867
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space with Drive-Thru Potential

      Lease opportunities: existing space, interior mall space, pad site.
      7 Milton Rd, Rochester, NH 03867
      View Details
    • $12 SF/Yr
      34,966 SF

      Rochester Manufacturing/Warehouse/Distribution Building

      34,966 SF Rochester building available for lease by late 2024.
      7 Nadeau Dr, Rochester, NH 03867
      View Details
    • Contact for pricing
      30,000 SF

      Rochester Office Space for Lease

      Prime Downtown Rochester Office Suites Available
      40 Winter St, Rochester, NH 03867
      View Details
    • $11 SF/Yr

      Downtown Building with Prime Visibility

      Corner building with flexible layout and unmatched character.
      1 North Main St, Rochester, NH 03867
      View Details
    • Contact for pricing
      42,000 SF

      Rochester Retail Center Opportunity

      Prime NH location, multiple spaces available
      306 Main St, Rochester, NH 03867
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    61 Airport Dr, Unit 2
    Rochester, NH 03867-1726
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.