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    Property profile & analytics

    65 Pleasant St Claremont, NH 03743

    • Investment properties
    • 7,968 SF
    • 0.07 lot acres
    For Lease
    View listing
    Last Sale
    May 31, 2024
    $600,000
    Value Estimations
    $600,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0121009
    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

    • Investment properties

    Property Details for 65 Pleasant St

    Year built
    1935
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    7,968 SF
    Zone code
    MU
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CLMN M:120 L:70
    APU
    CLMNM120L70

    Description

    This 7,140 square foot retail space at 65 Pleasant Street in Claremont, New Hampshire, offers excellent street visibility on Pleasant and School Streets. The building, constructed in 1935, features four stories and is zoned MU. Currently vacant, the space is divisible to a minimum of 3,140 square feet, with a maximum contiguous space of 4,000 square feet available. An open floor plan allows for versatile use, enhanced by abundant windows and multiple entrances/exits. A unique opportunity exists to lease the entire fourth floor (over 4,000 square feet) with rooftop access, ideal for a restaurant or similar use offering stunning downtown and mountain views. The building includes an elevator. On-street parking is available on Pleasant Street. The 0.07-acre lot is situated in Sullivan County (APN 120-70) and has a zip code of 03743. City approvals may be required depending on the intended use. The owner prefers leasing the space as one contiguous unit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $600,000
      ML approach
      $600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $459,000
      Market price range: $460k - $891k
      AI Estimate
      $375,000
      Market price range: $375k - $923k

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

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    Sullivan
    State
    New Hampshire
    Longitude
    -72.3393
    Latitude
    43.3712
    CBSA code
    30100
    CBSA name
    LEBANON, NH-VT 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
    $9,016
    $31,800
    $292,500
    $324,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,251 SF

      84 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,251 SF
      84 Pleasant St, Claremont, NH 03743-2766
      View Details
    • Value Estimation by Request
      5,025 SF

      131 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,025 SF
      131 Main St, Claremont, NH 03743
      View Details
    • Value Estimation by Request
      1,450 SF

      738 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,450 SF
      738 Main St, Claremont, NH 03743-4156
      View Details
    • Value Estimation by Request
      4,000 SF

      116 Mulberry St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,000 SF
      116 Mulberry St, Claremont, NH 03743-2658
      View Details
    • Value Estimation
      $2,360,000
      32,635 SF

      1 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 32,635 SF
      1 Pleasant St, Claremont, NH 03743-5420
      View Details
    • Value Estimation by Request
      1,138 SF

      745 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,138 SF
      745 Washington St, Claremont, NH 03743-5529
      View Details

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      Mixed-use building with retail, office, and apartment potential.
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space in High-Traffic Area

      Raw retail space in Claremont's busiest commercial area.
      152 Washington St, Claremont, NH 03743
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    • Contact for pricing
      3,140 SF

      Commercial Space in Claremont, NH

      Versatile commercial space for lease in Claremont, NH.
      65 Pleasant St, Claremont, NH 03743
      View Details
    • $1,250 /Mo

      Remodeled Retail or Office Space

      Recently remodeled ground floor retail or office space for rent.
      84 Pleasant St, Claremont, NH 03743
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    • Contact for pricing
      6,534 SF

      Downtown Claremont Retail Space Available

      Ground floor retail space in downtown Claremont with immediate occupancy.
      18 Pleasant St, Claremont, NH 03743
      View Details
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      Claremont Apartment with Utilities Included

      One-bedroom apartment for rent with utilities included in Claremont, NH.
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      42,253 SF

      Classic Railroad Depot Retail Space

      Retail space in a classic railroad depot style building.
      12 Plains Rd, Claremont, NH 03743
      View Details
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    65 Pleasant St
    Claremont, NH 03743
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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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