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9 Old State Rd Belmont, NH 03220

Banks Google Maps
7,179 SF 1.74 ac lot Built 1979
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$890k
Range $801k – $979k (±10%)
Property ID US58-0155796

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$910k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$890k

Owner & transaction history

since 2021
Last sale
$725,000
4 recorded transactions
2022
Price N/A
2021
$725,000
2018
$45,000
2014
$250,000

Zoning & alternative use

COM · Belmont, NH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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