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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Retail space
88 Milton Rd Rochester, NH 03868-8602
Individually Owned
22-yr Hold
Free & Clear
Property ID
US58-0017968
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
STEEL FRAME
Total area
12,420 SF
Lot
1.85 ac (80,586 SF)
Zoning code
HC
APN
RCHE M:0210 B:0006 L:0000
UPID
US58-0017968
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
-
O'Keefe's and Martin Discount store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$815k
Owner & transaction history
Martin Auctions Pt O'keefe · 22 yrs held
Martin Auctions Pt O'keefe
since 2004
3 recorded transactions
Zoning & alternative use
HC · Rochester, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Highway Commercial District (HC). § 275-6.1 Introduction. The Downtown Master Plan provides guidance in revitalizing the downtown. It is hoped that downtown Rochester remains the heart of the City, as an active place that is densely populated and used by all citizens, in different ways and at different times. It is emphasized that carefully crafted laws, per…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
644.58 ac
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 Rochester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester 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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,330,000
Current use
COMMERCIAL (GENERAL)
$1,215,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$66 / 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
$21,647
Tax year 2023
Assessed value
$841,000
Assessed 2023
Previous assessed
$841,000
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$123,500
Assessed improvement
$717,500
Applied tax rate
65,140.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
12,420 SF
Lot
1.85 ac (80,586 SF)
Zoning code
HC
APN
RCHE M:0210 B:0006 L:0000
UPID
US58-0017968
Jurisdiction
ROCHESTER CITY
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
HC · Rochester, NHZoning HC · permitted uses
HC · Rochester, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Highway Commercial District (HC). § 275-6.1 Introduction. The Downtown Master Plan provides guidance in revitalizing the downtown. It is hoped that downtown Rochester remains the heart of the City, as an active place that is densely populated and used by all citizens, in different ways and at different times. It is emphasized that carefully crafted laws, pertaining to driveway access, parking, signage, lighting, and building layout and design, are necessary to ensure that the Downtown Commercial District remains vibrant. A. Pedestrian orientation. The DC, NMU and OC Zoning Districts have a strong pedestrian orientation. The districts are structured to accommodate the automobile as well, but not at the expense of pedestrian character. B. Automobile orientation. The HC, and some areas of the OC, Districts have a strong automobile orientation. Nonetheless, quality of design and attention to pedestrian character is still important in these zones as people will still be walking to and within the sites.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
644.58 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
1.85 ac
Current owner
From public records · entity-resolved
Martin Auctions Pt O'keefe
Individual
Free & Clear · 22 yrs held
Mailing address
85 MILTON RD, ROCHESTER, NH 03868-8604
Ownership since
2004
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
May 15, 2006
—
O Keefe-martin
—
Deed Of Trust
related
$100,000 · Ocean National Bank
Apr 19, 2004
$120,000
Martin Auctions Pt O'keefe
Uldene L Willey T
Warranty Deed
—
—
—
Okeefe-martin Auctions Ptshp
—
Deed Of Trust
related
$740,000 · People's United Bk
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.
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