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Rockingham 03038
1 Lane Road
Listed by: Chris Norwood, NAI Norwood Group, Selling Office: NAI Norwood Group, Listing Courtesy of Prime MLS
$500,000
● Land - Off Market

1 Lane Road

Raymond, NH 03038
bedrooms
Studio
bathrooms
0 Bath
$719,459
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

Highly visible 2.75+/- acre site on Route 101 at Exit 4 in Raymond NH. Long narrow lot bordered by Route 101 East Exit 4 off ramp, Old Manchester Road and Lane Road. With a 41,000 VPD traffic count this property is ideal for gas/convenience or fast food restaurant.
Unit Size
-
Days on Market
-
Land Size
2.75 acres
Price per sqft
-
Property Type
Land
Property Taxes
$231
HOA Dues
-
Year Built
1813

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4494884)

Price History

Date / Event Date Event Price
Nov 30, 2020 Sold
Premium
Sold
Aug 28, 2020 Listed by NAI Norwood Group $519,900
Listed by NAI Norwood Group
Oct 29, 2018 Sold
Premium
Sold
Jun 2, 2016 Listed by NAI Norwood Group $475,000
Listed by NAI Norwood Group
Mar 17, 2010 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1813
  • Effective Year Built: 1813
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,691
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 94,525
  • Total Building Area: 4,743
  • Gross Building Area: 11,904
  • Building Area: 4,743
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 4,743
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002170
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Derry School District
  • School Tax School District: DERRY COOP
  • Census Tract: 003601

Zoning

  • Zoning: MDR

Geography

  • Parcel: DERY M:39 B:46
  • Block: 46
  • Municipality: DERRY
  • Latitude: 42.8943
  • Longitude: -71.2902

    Address

  • Full Address: 1 Lane Rd
  • Address - House Number: 1
  • Address - Street Name: Lane
  • Address - Suffix Type: Rd
  • State: NH
  • City Name: Derry
  • Carrier Code: R009
  • 4-Digit Zip Code: 4192
  • Zip Code: 03038

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,469,500

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 80
  • Final Value: 736,744
  • High Value: 851,675
  • Low Value: 621,813

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $710,600
  • Assessed Land Value: $179,800
  • Assessed Improvements Value: $530,800

    Sales

  • Current Sale Contract Date: Nov 23, 2020
  • Current Sale Recording Date: Nov 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20067155
  • Previous Sale Recording Date: Mar 17, 2010
  • Previous Sale Amount: $149,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rockingham

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2908 ft²

Average Home Age

49.6 years

Currently For Sale

1027 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Prime

Listed by: Chris Norwood, NAI Norwood Group
Last Updated Date: 2018-10-29
Last Checked: 4 hours ago
Data Source: Prime MLS, MLS# 4494884
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1 Lane Road built and last sold?
The property at 1 Lane Road was built in 1813 and last sold on Nov 23, 2020 for $519,933.
How much is this home worth?
The estimated value of the home located at 1 Lane Road is $0.
What are some comparable homes to 1 Lane Road?
There are currently no comparable homes to 1 Lane Road.
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