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Property profile & analytics
FOR LEASE
Office buildings
707 Chestnut St Manchester, NH 03104
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US58-0032164
For Lease
1 / 16
$540,000
707 Chestnut St, Manchester, NH 03104
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Construction
FRAME
Total area
4,803 SF
Lot
0.36 ac (15,600 SF)
APN
MNCH M:0025 B:000 L:0001
UPID
US58-0032164
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
-
Albrecht Integrative Osteopathy Alternative Medicine Practice Physician
-
United Physical Therapy Medical Clinic
-
Personal Visions Counseling and Wellness, LLC. Counselor Mental Health Service
-
Ian T Macdonald Physician
-
New Skn Aesthetics Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$540k
Owner & transaction history
Chestnut Office Group LLC · 7 yrs held
Chestnut Office Group LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$805,000
+44.1%
Retail stores
$675,000
+21.5%
Commercial (general)
$595,000
+6.6%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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%
$700,000
6.5%
$650,000
7%
$600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$555,000
Current use
AUTO REPAIR, GARAGE
$805,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +21% · Conversion: Moderate
COMMERCIAL (GENERAL)
$595,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$455,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$112 / 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
$9,739
Tax year 2023
Assessed value
$516,400
Assessed 2023
Previous assessed
$516,400
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$120,100
Assessed improvement
$396,300
Applied tax rate
45,140.0000
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
For Lease
Year built
1910
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
2
Total area
4,803 SF
Lot
0.36 ac (15,600 SF)
APN
MNCH M:0025 B:000 L:0001
UPID
US58-0032164
Jurisdiction
MANCHESTER CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$805,000
RETAIL STORES
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$455,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1910
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Chestnut Office Group LLC
Entity
Mailing address
37 MDW LARK LN, GOFFSTOWN, NH 03045-3005
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
Jul 8, 2025
—
Chestnut Office Group LLC
—
Deed
related
$475,000 · Scott Macdonald
Jun 10, 2019
$459,000
Chestnut Office Group LLC
Cape4 Real Estate Ltd
Warranty Deed
$235,000 · St Marys Bk
Dec 22, 2009
$485,000
M5 Real Estate Limited
Adguy LLC
Deed
$363,750 · Centrix Bk & Tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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