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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    956 2nd St Manchester, NH 03102-5217

    • Investment properties
    • 6,032 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0027132
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chen's Garden / Asian Fusion Restaurant / Chinese Restaurant

    Property Details for 956 2nd St

    Year built
    2009
    Construction
    FRAME
    Lot size
    0.38 lot acres
    Property size
    6,032 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MNCH M:TPK1 B:000 L:0079
    APU
    MNCHMTPK1B000L0079

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,120,000
      6.5%
      $1,035,000
      7%
      $960,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $654,000
      Market price range: $280k - $814k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $980,000
      Current use
      OFFICE BUILDING
      $1,100,000
      Change: +12% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,010,000
      Change: +3% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $925,000
      Change: -6% Conversion: Moderate
      RETAIL STORES
      $850,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4797
    Latitude
    42.9679
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,229
    $302,400
    $611,100
    $913,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,160,000
      42,692 SF

      1370 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 42,692 SF
      1370 Frnt St, Manchester, NH 03102-8964
      View Details
    • Value Estimation by Request
      1,052 SF

      100 Mcneil St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,052 SF
      100 Mcneil St, Manchester, NH 03102-4815
      View Details
    • Value Estimation by Request
      4,532 SF

      573 Montgomery St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,532 SF
      573 Montgomery St, Manchester, NH 03102-3582
      View Details
    • Value Estimation by Request
      996 SF

      48 Pershing St

      OFFICE/RESIDENTIAL (MIXED USE) • 996 SF
      48 Pershing St, Manchester, NH 03102-1147
      View Details
    • Value Estimation
      $510,000
      4,464 SF

      533 Hevey St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,464 SF
      533 Hevey St, Manchester, NH 03102-3597
      View Details
    • Value Estimation by Request
      1,210 SF

      1 Cross St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,210 SF
      1 Cross St, Manchester, NH 03102-1216
      View Details

    Similar Nearby for Sale

    • $575,000
      2,380 SF

      Manchester Commercial Land - $575K

      High-visibility B2 zoned lot, 2380 sq ft.
      316 Granite St, Manchester, NH 03102
      View Details
    • $679,000

      Spacious Three-Family Property with Garages

      Three-family property near CMC Hospital with potential garage income.
      183 Cartier St, Manchester, NH 03102
      View Details
    • $725,000

      Well-Maintained Three-Family Investment Property

      Three-unit property with garages and tenant leases in place.
      47 Blucher St, Manchester, NH 03102
      View Details
    • $100,000

      Fire Damaged Multi-Family Property

      Three-unit multi-family property with fire and water damage.
      132 Alsace St, Manchester, NH 03102
      View Details
    • $498,500

      Specialty Property for Sale

      Specialty property available for purchase.
      16 Larch St, Manchester, NH 03102
      View Details
    • $525,000

      Well-Maintained Three-Family West Side Property

      Three-family property with upgrades, rental upside, and off-street parking.
      8 Rimmon St, Manchester, NH 03102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space in Manchester, NH

      Commercial space for lease in Manchester, New Hampshire.
      649 2Nd St, Manchester, NH 03102
      View Details
    • $28 SF/Yr
      10,340 SF

      Medical Facility in Doctor's Park

      Turn-key medical facility in Manchester's prominent doctor's park.
      775 S Main St, Manchester, NH 03102
      View Details
    • $750 /Mo

      Affordable Office/Retail Space Available

      Second-floor office/retail space with utilities included for rent.
      336 Kelley St, Manchester, NH 03102
      View Details
    • $8 SF/Yr
      7,500 SF

      Warehouse/Flex Space Available

      Warehouse, flex, and office spaces for lease in Manchester, NH.
      223 2Nd St, Manchester, NH 03102
      View Details
    • $8 SF/Yr
      39,139 SF

      Manchester Industrial Space For Lease

      39,139 SF Warehouse/Flex, Divisible
      223 2Nd St, Manchester, NH 03102
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Manchester, NH

      Retail space with high visibility and ample parking.
      581 2Nd St, Manchester, NH 03102
      View Details

    Property Visit Statistics

    • Visits by month
      21.0k
    • Visitors by month
      11.9k
    • Avg Time on site
      9 min
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    956 2nd St
    Manchester, NH 03102-5217
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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