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    99 Hanover St Manchester, NH 03101
    Property profile & analytics

    99 Hanover St, Manchester, NH 03101

    View on Map
    • Retail properties & Spaces
    • 8,988 SF
    • 0.25 lot acres
    For Lease
    $900/Mo
    View Listing →
    Hanover Street Renovated Office Space For Lease
    $900/Mo
    575 SF

    Hanover Street Renovated Office Space

    Newly renovated office space in the historic theatre district.

    99 Hanover Street, Manchester, NH
    View Listing
    Property ID
    US58-0706197
    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

    • LBRY / (Bike/Boat/Book/etc) Store / Corporate Office
    • Jessica F. Molloy, MA / Counselor
    • Soroko Nicole J / Counselor / Corporate Office
    • The Crown Tavern / Restaurant
    • Brennan Lenehan Iacopino & Hickey / Law Firm

    Property Details for 99 Hanover St

    Year built
    1910
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property type
    Retail properties & Spaces
    APN
    MNCH M:0201 B:000 L:0006
    APU
    MNCHM0201B000L0006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 5, 2017 — 99 Hanover Street LLC — Deed · related $150k · Merrimack Cnty Svgs Bk
    Dec 11, 2014 $595,000 99 Hanover Street LLC Child & Family Services Of Nh Warranty Deed $480k · Merrimack Cnty Svgs Bk
    Jun 22, 2007 — Svcs Rlty Child — Deed Of Trust · related $700k · Nhfa
    Feb 26, 1999 $485,600 Child Family Service Child/family Servce Rl Grant Deed · related —
    — — 99 Hanover Street LLC — Deed Of Trust · related $150k · Merrimack Cnty Svgs Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,338,000
      Market price range: $796k - $1.98M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,265,000
      Current use
      OFFICE BUILDING
      $1,640,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,505,000
      Change: +19% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,410,000
      Change: +11% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,375,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4609
    Latitude
    42.9907
    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
    $16,497
    $172,000
    $702,700
    $874,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $725,000
      5,000 SF

      947 Elm St

      DEPARTMENT STORE
      947 Elm St, Manchester, NH 03101-2003
      View Details
    • Value Estimation by Request
      28,800 SF

      42 Bridge St

      Flex space
      42 Bridge St, Manchester, NH 03101
      View Details
    • Value Estimation
      $1,065,000
      9,728 SF

      944 Elm St

      DEPARTMENT STORE
      944 Elm St, Manchester, NH 03101-2018
      View Details
    • Value Estimation
      $1,060,000
      9,339 SF

      46 Elm St

      DEPARTMENT STORE
      46 Elm St, Manchester, NH 03101-2724
      View Details
    • Value Estimation by Request
      481 SF

      28 Amherst St

      DEPARTMENT STORE
      28 Amherst St, Manchester, NH 03101-1834
      View Details
    • Value Estimation
      $570,000
      11,400 SF

      377 Elm St

      DEPARTMENT STORE
      377 Elm St, Manchester, NH 03101-2708
      View Details

    Similar Nearby for Sale

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      Sale-leaseback opportunity with two established local businesses as tenants.
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      View Details
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      2,877± SF retail building in downtown Manchester with drive-thru.
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      Corner Lot in Manchester

      Corner lot near downtown Manchester available for sale.
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      14,657 SF

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      Office condo with views of the historic Millyard.
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      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.
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    Similar Nearby for Lease

    • Contact for pricing

      75 Canal Street, Manchester, NH 03101

      Retail space
      75 Canal St, Manchester, NH 03101
      View Details
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      Retail/Office Space Available

      Retail or office space available for rent.
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      View Details
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      Restaurant Space in Downtown Manchester

      Second-generation restaurant space in the heart of downtown.
      968 Elm St, Manchester, NH 03101
      View Details
    View Listing
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    99 Hanover St
    Manchester, NH 03101
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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.

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