Individually Owned Property summary
AI-generated overview
The property consists of a Class A office suite occupying 1,838 square feet on the southeast corner of the 3rd floor. The building includes an elevator and an in-building garage, and it was renovated in 2019. The suite is configured as an office space intended for tenant use within the building.
Property profile
Verified
Property type
Other retail properties
Use group
DEPARTMENT STORE
Year built
1985
Construction
STEEL FRAME
Total area
35,197 SF
Lot
0.44 ac (19,050 SF)
Zoning code
D1
APN
HNOV M:023 B:038 L:001
UPID
US58-0314165
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
-
Accounting Firm Tax Preparation
-
Bank Loan Service
-
Eye Care Center Ophthalmologist
-
Ophthalmologist
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.77M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$4.80M
Owner & transaction history
since 2005
1 recorded transaction
Zoning & alternative use
D1 · Hanover, NH
Top alternative use upside
Office building
$7.2M
+22.8%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.80M
Value range
$4.32M – $5.27M
±10% around blend
Estimated value / SF
$136 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$4.32M
blend $4.80M
$5.27M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,197 SF
Lot area
0.44 ac
Year built
1985
Stories
3
APN
HNOV M:023 B:038 L:001
Zoning
D1
Assessed value
$5,435,200
Annual tax
$96,692
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.77M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.26M
@ 6.5% CAP return
$5.77M
@ 7% CAP return
$5.36M
4
Sales comparison
Partial preview
Sales approach indication
$4.17M
Range $1.53M – $4.82M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.80M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 44 sales
$166
-18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $136/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+23%
vs current-use indication
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.44M
Move the market yield to see immediate price impact.
Value / SF
$154
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$342k
$6.85M
$4.89M
$3.80M
$380k
$7.61M
$5.44M
$4.23M
$419k
$8.37M
$5.98M
$4.65M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$96,692
Tax year 2022
Assessed value
$5,435,200
Assessed 2022
Previous assessed
$5,435,200
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,118,800
Assessed improvement
$4,316,400
Applied tax rate
33,860.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other retail properties
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
35,197 SF
Lot
0.44 ac (19,050 SF)
Zoning code
D1
APN
HNOV M:023 B:038 L:001
UPID
US58-0314165
Jurisdiction
HANOVER TOWN
Zoning & alternative use
D1 · Hanover, NHZoning D1 · permitted uses
D1 · Hanover, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
0.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
D1
Jurisdiction
Hanover, NH
Recorded code
D1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for D1 in Hanover, NH.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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