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Property profile & analytics
OFF-MARKET
Estimated value
$2,155,000
Office buildings
650 Main St Berlin, NH 03570-2471
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US58-0345444
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
FRAME
Total area
28,292 SF
Lot
2.76 ac (120,226 SF)
Zoning code
BG
APN
BELN M:00129 B:000049 L:000020
UPID
US58-0345444
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
Current use
Occupant on record · Public records
-
Human Service Department Social Service Agency Charitable Organization
-
New Hampshire Circuit Court Courthouse
-
Vocational Rehabilitation Berlin Regional Office Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.16M
Owner & transaction history
Berlin Falls Real Estate LLC · 6 yrs held
Berlin Falls Real Estate LLC
since 2019
3 recorded transactions
Zoning & alternative use
BG · Berlin, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
BUSINESS GENERAL ZONE (BG) Sec. 17-101. Purpose The purpose of the Business General (BG) zone is to provide an area for intense commercial development and light industrial facilities with a customer service area which extends beyond the immediate neighborhood. It contains uses which include the retail sale of commodities and services for the general populati…
Zone name
Business General
General category
INDUSTRIAL
Zone area
518.90 ac
Source
ZONING ORDINANCE
Top alternative use upside
Restaurant
$2.9M
+5.8%
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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$2,720,000
Current use
RESTAURANT
$2,880,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,580,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.16M
Range $1.94M – $2.37M · ±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
$76 / 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
$61,122
Tax year 2023
Assessed value
$2,272,200
Assessed 2023
Previous assessed
$2,272,200
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$97,100
Assessed improvement
$2,175,100
Applied tax rate
5,140.0000
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
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Bathrooms
16
Total area
28,292 SF
Lot
2.76 ac (120,226 SF)
Zoning code
BG
APN
BELN M:00129 B:000049 L:000020
UPID
US58-0345444
Jurisdiction
BERLIN CITY
Zoning & alternative use
BG · Berlin, NHZoning BG · permitted uses
BG · Berlin, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
BUSINESS GENERAL ZONE (BG) Sec. 17-101. Purpose The purpose of the Business General (BG) zone is to provide an area for intense commercial development and light industrial facilities with a customer service area which extends beyond the immediate neighborhood. It contains uses which include the retail sale of commodities and services for the general population. A wide variety of uses are accommodated on both a pedestrian and vehicular scale.
Zone name
Business General
General category
INDUSTRIAL
Zone area
518.90 ac
Source
ZONING ORDINANCE
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
16
Lot
2.76 ac
Current owner
From public records · entity-resolved
Berlin Falls Real Estate LLC
Entity
Mailing address
12 PLEASANT ST, COLEBROOK, NH 03576-3248
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 19, 2019
—
Berlin Falls Real Estate LLC
—
Deed
related
$3,102,500 · Bank Of Nh
Jun 29, 2012
—
Falls Real Estate Berlin
—
Deed Of Trust
related
$3,147,316 · Passumpsic Savings Bank
—
—
Berlin Falls Real Estate LLC
—
Deed Of Trust
related
$3,102,500 · Bank Of Nh
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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