Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    96 Hanover St Manchester, NH 03101-2212
    Back to Search
    Property profile & analytics

    96 Hanover St, Manchester, NH 03101-2212

    View on Map
    • Commercial real estate
    • 3,068 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Nov 18, 2020
    $122,500
    Property ID
    US58-0099420
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Punuche's Grill / Bar & Pub / Restaurant
    • Spotlight Room at the Palace / Bar & Pub

    Property Details for 96 Hanover St

    Year built
    1908
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property type
    Commercial real estate
    APN
    MNCH M:0201 B:000 L:0015B
    APU
    MNCHM0201B000L0015B

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 18, 2020 — Jill D O'keefe Okeefe John T Trust Quit Claim Deed · related —
    Jul 8, 1997 $122,500 John T O'keefe Simchik,michael J Warranty Deed $110k · Simchik & Singer

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4611
    Latitude
    42.9911
    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
    $6,192
    $0.00
    $328,300
    $328,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,505,000
      15,037 SF

      155 Dow St Ste, Unit 201

      COMMERCIAL CONDOMINUIM
      155 Dow St Ste, Manchester, NH 03101-1299
      View Details
    • Value Estimation
      $1,435,000
      18,740 SF

      40 Ronald St

      SHOW ROOM, WAREHOUSE
      40 Ronald St, Manchester, NH 03101-2835
      View Details
    • Value Estimation
      $990,000
      6,085 SF

      155 Dow St Ste, Unit 102

      COMMERCIAL CONDOMINUIM
      155 Dow St Ste, Manchester, NH 03101-1299
      View Details
    • Value Estimation
      $1,055,000
      10,488 SF

      49 Hancock St

      SHOW ROOM, WAREHOUSE
      49 Hancock St, Manchester, NH 03101-2818
      View Details
    • Value Estimation
      $1,555,000
      15,200 SF

      62 Lowell St

      COMMERCIAL (GENERAL)
      62 Lowell St, Manchester, NH 03101-1635
      View Details
    • Value Estimation
      $1,800,000
      0.08 Acres

      164 Franklin St

      COMMERCIAL (GENERAL)
      164 Franklin St, Manchester, NH 03101
      View Details

    Similar Nearby for Sale

    • $1,700,000

      Established Manchester Commercial Property

      Sale-leaseback opportunity with two established local businesses as tenants.
      72 Old Granite St, Manchester, NH 03101
      View Details
    • $1,100,000

      Renovated Office Building in Manchester

      7,524 SF renovated office building in Manchester's business district.
      35 W Brook St, Manchester, NH 03101
      View Details
    • Contact for pricing

      Renovated Downtown Manchester Commercial Building

      Fully leased, renovated 55,300 SF commercial building in downtown Manchester.
      470 Pine St, Manchester, NH 03101
      View Details
    • Contact for pricing
      2,877 SF

      Downtown Retail Building with Drive-Thru

      2,877± SF retail building in downtown Manchester with drive-thru.
      620 Elm St, Manchester, NH 03101
      View Details
    • Contact for pricing
      9,030 SF

      Corner Lot in Manchester

      Corner lot near downtown Manchester available for sale.
      89 Bridge St, Manchester, NH 03101
      View Details
    • Contact for pricing
      14,657 SF

      Efficient Office Condo in Millyard

      Office condo with views of the historic Millyard.
      500 N Commercial St, Manchester, NH 03101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,066 SF

      Trophy Office Building in Manchester

      Best-in-class office space in Manchester's Central Business District.
      900 Elm St, Manchester, NH 03101
      View Details
    • Contact for pricing

      Downtown Manchester Retail Storefront Available

      Prominent retail space for lease on downtown Manchester's busiest street.
      803 Elm St, Manchester, NH 03101
      View Details
    • Contact for pricing

      Downtown Manchester Office Space

      Office building for lease in downtown Manchester, New Hampshire.
      40 Stark St, Manchester, NH 03101
      View Details
    • Contact for pricing

      NH, Manchester - Elm Street

      Discover many ways to work your way in NH, Manchester - Elm Street
      1045 Manchester St, Manchester, NH 03101
      View Details
    • Contact for pricing

      Downtown Manchester Retail Space

      High-visibility retail space in the heart of downtown Manchester.
      823 Elm St, Manchester, NH 03101
      View Details
    • Contact for pricing
      11,000 SF

      South Willow Retail Space Available

      Retail spaces for lease in a high-traffic Manchester location.
      50 south Willow St, Manchester, NH 03101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    96 Hanover St
    Manchester, NH 03101-2212
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    96 Hanover St, Manchester, NH, 03101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!