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Property profile & analytics
OFF-MARKET
Estimated value
$18,220,000
Investment properties
875 Elm St, Manchester, NH 03101-2104
Entity Owned
4-yr Hold
Property ID
US58-0418317
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1913
Construction
STEEL FRAME
Total area
135,879 SF
Lot
2.36 ac (102,755 SF)
APN
MNCH M:0201 B:000 L:0036
UPID
US58-0418317
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
-
Citizens Mortgage Corporation Loan Service Bank
-
Red Oak Apartments at 875 Elm Street Apartment Building
-
Citizens Bank Atm
-
Citizens Bank Loan Service
-
Quigley Consultancy Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.22M
Owner & transaction history
Chongos LLC · 4 yrs held
Chongos LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.8M
+16.2%
Auto repair, garage
$22.7M
+6.5%
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%
$25,275,000
6.5%
$23,330,000
7%
$21,665,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$21,335,000
Current use
OFFICE BUILDING
$24,785,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$22,720,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$20,800,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$19,160,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$18.22M
Range $16.40M – $20.04M · ±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
$134 / 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
$706,034
Tax year 2023
Assessed value
$37,435,500
Assessed 2023
Previous assessed
$37,439,400
0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$6,667,000
Assessed improvement
$30,768,500
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 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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1913
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
10
Units
96
Total area
135,879 SF
Lot
2.36 ac (102,755 SF)
APN
MNCH M:0201 B:000 L:0036
UPID
US58-0418317
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
COMMERCIAL (GENERAL) Current
Est. value
$21.3M
OFFICE BUILDING
Est. value
$24.8M
AUTO REPAIR, GARAGE
Est. value
$22.7M
INDUSTRIAL (GENERAL)
Est. value
$20.8M
RETAIL STORES
Est. value
$19.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1913
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
10
Buildings
3
Units
96
Lot
2.36 ac
Current owner
From public records · entity-resolved
Chongos LLC
Entity
Mailing address
409 ELM ST, MANCHESTER, NH 03101-2747
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
—
Chongos LLC
Mirkwood LLC
Quit Claim Deed
related
—
—
—
875 Elm Street LLC
—
Deed Of Trust
related
$20,000,000 · William H Binnie
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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