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    Property profile & analytics

    651 Elm St Manchester, NH 03101-2510

    • Turn key restaurants
    • 8,424 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $1,900,000
    Last Sale
    Dec 16, 2021
    $1,800,000
    Location Intelligence
    Property ID
    US58-0356802
    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

    • Viva Glam Beauty Lounge / Hair Salon
    • Compassionate Connections / Youth Organization

    Property Details for 651 Elm St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.20 lot acres
    Property size
    8,424 SF
    Property type
    Turn key restaurants
    APN
    MNCH M:0168 B:000 L:0009
    APU
    MNCHM0168B000L0009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,895,000
      6.5%
      $1,705,000
      7%
      $1,700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,795,000
      Geo Method
      $1,970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,485,000
      Retail
      $1,805,000
      Mixed-Use
      $1,855,000
      Hospitality
      $1,520,000
      Educational
      $1,640,000
      Residential Income
      $1,890,000
      Energy
      $1,630,000
      Income-Based Land
      $1,740,000
      Food Service
      $1,575,000

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4627
    Latitude
    42.9874
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, 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
    $19,946
    $554,300
    $503,300
    $1,057,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $195,000
      4,217 SF

      525 Chestnut St

      RESTAURANT • 4,217 SF
      525 Chestnut St, Manchester, NH 03101-1441
      View Details
    • Value Estimation
      $305,000
      2,796 SF

      102 Elm St

      RESTAURANT • 2,796 SF
      102 Elm St, Manchester, NH 03101-2712
      View Details
    • Value Estimation by Request
      5,000 SF

      20 Old Granite St

      RESTAURANT • 5,000 SF
      20 Old Granite St, Manchester, NH 03101-2328
      View Details
    • Value Estimation by Request
      5,000 SF

      1069 Elm St

      RESTAURANT • 5,000 SF
      1069 Elm St, Manchester, NH 03101-1808
      View Details
    • Value Estimation by Request
      6,300 SF

      990 Elm St

      RESTAURANT • 6,300 SF
      990 Elm St, Manchester, NH 03101-2002
      View Details
    • Value Estimation
      $310,000
      2,739 SF

      1531 Elm St

      RESTAURANT • 2,739 SF
      1531 Elm St, Manchester, NH 03101-1351
      View Details

    Similar Nearby for Sale

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      Sale-leaseback opportunity with two established local businesses as tenants.
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    • $69,900
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      Manchester Restaurant Space For Sale

      Turnkey Restaurant, High Visibility Location
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    • Contact for pricing
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      Historic Office Building For Sale

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    Similar Nearby for Lease

    • $18 SF/Yr

      Turn-Key Restaurant Space Available

      Fully equipped restaurant and bar in downtown Manchester.
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      View Details
    • Contact for pricing
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      Prime Retail Space with Drive-Thru

      Retail space with drive-thru in densely populated Manchester neighborhood.
      1631 Elm St, Manchester, NH 03101
      View Details
    • $8 SF/Yr
      8,700 SF

      Downtown Manchester Office Space

      Prime Elm Street Office Suites, 2,228-5,000 SF
      293 Elm St, Manchester, NH 03101
      View Details
    • $23 SF/Yr
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      Downtown Manchester Retail/Office Space

      Street-level retail or office space in downtown Manchester.
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    • $23 SF/Yr
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      Downtown Retail Space for Lease

      Retail space in revitalized downtown Manchester, NH near Palace Theatre.
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    • $18 SF/Yr
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      Manchester Retail Space - Canal St.

      Prime 1,349 SF Retail, New Construction
      75 Canal St, Manchester, NH 03101
      View Details
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    651 Elm St
    Manchester, NH 03101-2510
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    Realmo Value Estimation

    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.

    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.

    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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