Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    61 Summer St Keene, NH 03431-3395

    • Investment properties
    • 4,899 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2023
    $380,000
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0629220
    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

    • Pattavina Maria MD / Doctor
    • Advanced Foot & Ankle Specialist / Surgeon / Medical Clinic

    Property Details for 61 Summer St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.33 lot acres
    Property size
    4,899 SF
    Zone code
    DT-T
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    KEEN M:568 L:34
    APU
    KEENM568L34

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $370,000
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $488,000
      Market price range: $313k - $825k
      AI Estimate
      $360,000
      Market price range: $201k - $582k

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

    Location Insight

    • Map
    • Local Demand
    City
    Keene
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.2824
    Latitude
    42.9355
    CBSA code
    28300
    CBSA name
    KEENE, NH MICROPOLITAN 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
    $13,907
    $61,200
    $374,900
    $436,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,530,000
      13,788 SF

      711 Ct St

      OFFICE/RESIDENTIAL (MIXED USE) • 13,788 SF
      711 Ct St, Keene, NH 03431
      View Details
    • Value Estimation
      $750,000
      22,240 SF

      80 Emerald St

      OFFICE/RESIDENTIAL (MIXED USE) • 22,240 SF
      80 Emerald St, Keene, NH 03431
      View Details
    • Value Estimation
      $340,000
      4.80 Acres

      850 Marlboro Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4.80 Acres
      850 Marlboro Rd, Keene, NH 03431-5608
      View Details
    • Value Estimation
      $720,000
      8,544 SF

      80 Roxbury St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,544 SF
      80 Roxbury St, Keene, NH 03431-3283
      View Details
    • Value Estimation
      $335,000
      7,254 SF

      185 Winchester St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,254 SF
      185 Winchester St, Keene, NH 03431-4636
      View Details
    • Value Estimation
      $2,690,000
      0.64 Acres

      101 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.64 Acres
      101 Main St, Keene, NH 03431-3720
      View Details

    Similar Nearby for Sale

    • $1,680,000

      Renovated Mixed-Use Investment Property

      Fully leased, renovated mixed-use property in Keene's Business Growth district.
      250 Marlboro St, Keene, NH 03431
      View Details
    • Contact for pricing
      135.00 Acres

      153,000 SF Keene Industrial Campus

      Prime NH location, 135 acres, flexible space.
      10 Bowman Dr, Keene, NH 03431
      View Details
    • Contact for pricing
      21.58 Acres

      Keene, NH Mixed-Use Redevelopment

      21+ Acres, 300K+ SF, Vacant
      80 Laurel St, Keene, NH 03431
      View Details
    • $2,200,000
      31,655 SF

      Mixed-Use Building in Downtown Keene

      27,000 SF mixed-use building in downtown Keene for sale.
      64 Main St, Keene, NH 03431
      View Details
    • $699,000
      0.38 Acres

      Downtown Keene Commercial Building For Sale

      Commercial building in downtown Keene with development potential and existing tenants.
      37-43 Emerald St, Keene, NH 03431
      View Details
    • Contact for pricing

      Keene Office Space: Main Street Location

      Prime Keene office space, flexible lease options.
      428 Main St, Keene, NH 03431
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      143,000 SF

      Fairbanks Plaza: Keene Retail Space

      Prime Keene retail space, multiple units available.
      420 West St, Keene, NH 03431
      View Details
    • $10 SF/Yr
      6,010 SF

      Downtown Keene Retail/Office Space

      Retail and office space available in downtown Keene.
      15 Main St, Keene, NH 03431
      View Details
    • $12 SF/Yr
      31,000 SF

      Downtown Keene Office Space

      Historic building, flexible suites, prime location
      42-46 Main St, Keene, NH 03431
      View Details
    • $2,500 /Mo

      Downtown Office Space For Lease

      Updated third-floor office suite in downtown Keene, NH.
      39 Central Sq, Keene, NH 03431
      View Details
    • $475 /Mo
      1,049 SF

      Downtown Keene Commercial Space

      Functional 1,049 SF commercial space in downtown Keene.
      46 Main St, Keene, NH 03431
      View Details
    • Contact for pricing
      1,600 SF

      Keene Retail Space For Lease

      Grocery-anchored shopping center with diverse tenants and high traffic.
      417 West St, Keene, NH 03431
      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 Summer St
    Keene, NH 03431-3395
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.