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    707 Chestnut St Manchester, NH 03104
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    Property profile & analytics

    707 Chestnut St Manchester, NH 03104

    View on Map
    • Office buildings
    • 4,803 SF
    • 0.36 lot acres
    For Lease
    $540,000
    View Listing →
    Prime Manchester Location Office Space For Lease
    $540,000

    Prime Manchester Location Office Space

    First floor office space in North End Wellness Center.

    707 Chestnut Street, Manchester, NH 03104
    View Listing
    Property ID
    US58-0032164
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 707 Chestnut St

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.36 lot acres
    Property size
    4,803 SF
    Property type
    Office buildings
    APN
    MNCH M:0025 B:000 L:0001
    APU
    MNCHM0025B000L0001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $700,000
      6.5%
      $650,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $535,000
      Market price range: $459k - $661k
      AI Estimate
      $440,000
      Market price range: $246k - $635k

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4621
    Latitude
    43.0032
    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
    $9,739
    $120,100
    $396,300
    $516,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,690,000
      20,671 SF

      608 Chestnut St

      OFFICE BUILDING • 20,671 SF
      608 Chestnut St, Manchester, NH 03104-3520
      View Details
    • Value Estimation
      $1,150,000
      14,297 SF

      664 Chestnut St

      OFFICE BUILDING • 14,297 SF
      664 Chestnut St, Manchester, NH 03104
      View Details
    • Value Estimation
      $695,000
      6,275 SF

      22 Hazel St

      OFFICE BUILDING • 6,275 SF
      22 Hazel St, Manchester, NH 03104
      View Details
    • Value Estimation
      $1,650,000
      20,132 SF

      207 Hooksett Rd

      OFFICE BUILDING • 20,132 SF
      207 Hooksett Rd, Manchester, NH 03104-2649
      View Details
    • Value Estimation
      $550,000
      2,895 SF

      68 Sagamore St

      OFFICE BUILDING • 2,895 SF
      68 Sagamore St, Manchester, NH 03104-3565
      View Details
    • Value Estimation by Request
      3,775 SF

      521 Maple St

      OFFICE BUILDING • 3,775 SF
      521 Maple St, Manchester, NH 03104-4949
      View Details

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    • Contact for pricing

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      has Central AC and comes with use of the waiting area
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      Two-family property with separate utilities and updated features.
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    Similar Nearby for Lease

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      1,896 SF

      Historic Brick Office Building

      Renovated historic office building in Manchester's north end.
      620 Chestnut St, Manchester, NH 03104
      View Details
    • $22 SF/Yr
      5,000 SF

      Elm Street Victorian Office Space

      Victorian office space in North End, minutes from downtown.
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      Office Space in Manchester's North End

      First and second floor office space for rent.
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      Renovated Office Space in Manchester

      Class-A office space with amenities and free parking.
      1750 Elm St, Manchester, NH 03104
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    • New
      Contact for pricing

      Furnished Office Suite in Manchester

      Prime Manchester location, ideal for wellness professionals. All-inclusive rent.
      707 Chestnut St, Manchester, NH 03104
      View Details
    • New
      Contact for pricing

      North End Office Suite

      Two-room office suite in historic North End business district.
      61 North St, Manchester, NH 03104
      View Details
    View Listing
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    707 Chestnut St
    Manchester, NH 03104
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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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    707 Chestnut St, Manchester, NH, 03104
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