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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Hotels
98 Main St, Newmarket, NH 03857-1624
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US58-0230303
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1830
Construction
FRAME
Total area
1,752 SF
Lot
0.02 ac (871 SF)
Zoning code
M2
APN
NMAR M:U2 B:29 L:
UPID
US58-0230303
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
-
Inkwell Flowers (Bike/Boat/Book/etc) Store Florist
-
Bean Insurance LLC Insurance Agency
-
EcoTek Window Tinting Interior Design Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$476k
Blend (final)
Blend
$515k
Owner & transaction history
1 Chestnut St Nh Hldg LLC · 4 yrs held
1 Chestnut St Nh Hldg LLC
since 2021
Last sale
$480,000
2 recorded transactions
Zoning & alternative use
M2 · Newmarket, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$460,000
+12.7%
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 Newmarket submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newmarket 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
$570,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$410,000
Current use
AUTO REPAIR, GARAGE
$460,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$405,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$380,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$330,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $480k (Nov 4 2021)
Last sale anchor
$480k
Nov 4 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
$294 / 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
$8,172
Tax year 2023
Assessed value
$277,100
Assessed 2023
Previous assessed
$277,100
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$220,700
Assessed improvement
$56,400
Applied tax rate
52,340.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1830
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Total area
1,752 SF
Lot
0.02 ac (871 SF)
Zoning code
M2
APN
NMAR M:U2 B:29 L:
UPID
US58-0230303
Jurisdiction
NEWMARKET TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
M2 · Newmarket, NH
Zoning M2 · permitted uses
M2 · Newmarket, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newmarket. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$405,000
RETAIL STORES
Est. value
$380,000
OFFICE BUILDING
Est. value
$330,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1830
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Lot
0.02 ac
Current owner
From public records · entity-resolved
1 Chestnut St Nh Hldg LLC
Entity
Mailing address
17 SMITH FARM TRL, LYNNFIELD, MA 01940-1019
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
$480,000
1 Chestnut St Nh Hldg LLC
Randall Bennett
Warranty Deed
$562,500 · Salem Five Cents Savings Bank
Jul 26, 2019
$270,000
1 Chestnut St Nh Holdings LLC
98 Main Street Residl Trust
Warranty Deed
related
—
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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