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    700 Elm St Manchester, NH 03101-2523
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    Property profile & analytics

    700 Elm St Manchester, NH 03101-2523

    View on Map
    • Parking lots & garages
    • 358,614 SF
    • 3.30 lot acres
    Off-Market
    Property ID
    US58-0324086
    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.
    Value Estimations
    $4,175,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New England Bridal Expo / Wedding Service
    • Greyhound: Bus Station / Logistics Company / Trucking Company
    • Live Free or Die Tattoo Expo / Business Service Center / Conference Center
    • Rockingham Fishing and Hunting Expo / Association / Organization
    • mary mac premium outlets / Shopping Center & Mall

    Property Details for 700 Elm St

    Year built
    1983
    Construction
    CONCRETE
    Lot size
    3.30 lot acres
    Property size
    358,614 SF
    Property type
    Parking lots & garages
    APN
    MNCH M:0150 B:000 L:0005
    APU
    MNCHM0150B000L0005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4646
    Latitude
    42.9882
    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
    $157,409
    $244,300
    $8,101,900
    $8,346,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,785,000
      202,075 SF

      555 Canal St

      PARKING GARAGE, PARKING STRUCTURE • 202,075 SF
      555 Canal St, Manchester, NH 03101-1516
      View Details
    • Value Estimation
      $670,000
      7,442 SF

      52 Elm St

      PARKING LOT • 7,442 SF
      52 Elm St, Manchester, NH 03101
      View Details
    • Value Estimation by Request
      0.08 Acres

      63 Manchester St

      PARKING LOT • 0.08 Acres
      63 Manchester St, Manchester, NH 03101
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    • Value Estimation by Request
      0.25 Acres

      541 Chestnut St

      PARKING LOT • 0.25 Acres
      541 Chestnut St, Manchester, NH 03101
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    • Value Estimation by Request
      0.13 Acres

      494 Chestnut St

      PARKING LOT • 0.13 Acres
      494 Chestnut St, Manchester, NH 03101
      View Details
    • Value Estimation by Request
      0.25 Acres

      1305 Elm St

      PARKING LOT • 0.25 Acres
      1305 Elm St, Manchester, NH 03101
      View Details

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    Similar Nearby for Lease

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      Equipped Commercial Space in Manchester

      Versatile commercial space with kitchen, bars, stage, and patio.
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      75 Canal St, Manchester, NH 03101

      Retail space
      75 Canal St, Manchester, NH 03101
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      Downtown Manchester Retail Space

      Street-level retail space in the historic Beacon Building.
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      4,356 SF

      Downtown Manchester Retail Space Available

      High-visibility retail space in the heart of downtown Manchester.
      823 Elm St, Manchester, NH 03101
      View Details
    • $3,500 /Mo
      3,192 SF

      Downtown Retail Space on Elm

      3192 SF retail space in downtown Manchester.
      819 Elm St, Manchester, NH 03101
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    • Contact for pricing

      Downtown Manchester Retail Storefront

      Retail space for lease in downtown Manchester.
      803 Elm St, Manchester, NH 03101
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    Property Visit Statistics

    • Visits by month
      20.5k
    • Visitors by month
      10.4k
    • Avg Time on site
      408 min
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    700 Elm St
    Manchester, NH 03101-2523
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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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