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Property profile & analytics
FOR SALE
Banks
9 Old State Rd, Belmont, NH 03220
Entity Owned
4-yr Hold
Free & Clear
Property ID
US58-0155796
For Sale
1 / 22
$950,000
9 Old State Rd, Belmont, NH 03220
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Property summary
AI-generated overview
This exceptional 11,472 square foot retail building, located at 9 Old State Road in Belmont, New Hampshire, presents a remarkable redevelopment opportunity. Situated on a 1.74-acre lot at the entrance to the Belknap Marketplace, this two-story property boasts excellent visibility and high traffic counts, averaging approximately 20,000 vehicles daily. Originally constructed in 1979, the building features a spacious, open floor plan, complemented by smaller offices, a secure bank vault, and a convenient drive-thru window. The lower level offers a substantial 6,293 square foot basement, currently unfinished but easily convertible into additional office space or storage, and includes two restrooms. The exterior is well-maintained and landscaped, enhanced by two drive-thru lanes. The asking price for this vacant property is $950,000. Its prime location and substantial size make it an ideal candidate for a variety of commercial uses. The property includes two parking spaces. This is a rare opportunity to acquire a high-visibility retail space in a thriving New Hampshire community.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1979
Construction
FRAME
Total area
7,179 SF
Lot
1.74 ac (75,794 SF)
Zoning code
COM
APN
BLMT M:201 B:001 L:000
UPID
US58-0155796
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Chase Realty Partners LLC · 4 yrs held
Chase Realty Partners LLC
since 2021
Last sale
$725,000
4 recorded transactions
Zoning & alternative use
COM · Belmont, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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
$890,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,245,000
Change: 0% · Conversion: Difficult
RESTAURANT
$835,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$700,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$565,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $725k (Jun 30 2021)
Last sale anchor
$725k
Jun 30 2021
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
$113 / 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
$16,308
Tax year 2023
Assessed value
$933,500
Assessed 2023
Previous assessed
$900,300
+3.7% YoY
Effective rate
1.75%
On assessed value
Assessed land
$252,300
Assessed improvement
$681,200
Applied tax rate
4,740.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
7,179 SF
Lot
1.74 ac (75,794 SF)
Zoning code
COM
APN
BLMT M:201 B:001 L:000
UPID
US58-0155796
Jurisdiction
BELMONT TOWN
Zoning & alternative use
COM · Belmont, NH
Zoning COM · permitted uses
COM · Belmont, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$650,000
RETAIL STORES
Est. value
$565,000
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1979
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
1.74 ac
Current owner
From public records · entity-resolved
Chase Realty Partners LLC
Entity
Free & Clear · 4 yrs held
Mailing address
70 WASHINGTON ST STE #310, SALEM, MA 01970-3520
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Chase Realty Partners LLC
—
Deed
related
$580,000 · Richard Stahl
Jun 30, 2021
$725,000
Chase Realty Partners LLC
Irealty Investment LLC
Warranty Deed
—
Feb 1, 2018
$45,000
Northway Belknap LLC
Northway Bk
Quit Claim Deed
related
—
Apr 9, 2014
$250,000
Northway Bank
Ocw Retail Belmont LLC
Quit Claim Deed
—
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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