Nicole Janice Canavan
Principal Broker with Rune Stone Realty
Nicole founded Rune Stone Realty in 2022 after acquiring O’Rourke Realty, where she was a managing broker at their Twin Mountain office. Rune Stone Realty is a residential and commercial real estate firm with a full-service property management division.
Nicole has been an active member of the commercial real estate community. She earned her CCIM designation in 2023 and received the New England Chapter of the CCIM Scholarship in 2020.
She has been a member of the NH Commercial Investment Board of REALTORS® since 2015 and now sits on the Board. She has also been sitting on the Board of the New England Commercial Property Exchange since 2021 and has been part of the data policy committee. She was a member of CREW (Commercial Real Estate Women). Nicole was the recipient of the 2020 New England Chapter of the CCIM Scholarship.
Nicole has her B.A. from Smith College and an M.Phil., from University College London. While in London, Nicole gained experience in apartment leasing and property management. She now focuses primarily on multifamily investments, mixed-use, and small office/street retail.
Nicole’s diverse international background provides her with a solid framework to think outside the box and come up with creative solutions to bring both buyer and seller together and get the deal to close.
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Education & Affiliations
Notable Sales
The Moody Building, Claremont, NH
16-34 Opera House Square
The prestigious and historic Moody Building is a former hotel that boasted famous guests such as John F. Kennedy. The Moody Building has been a staple of downtown Claremont for more than a century. Converted to office space and street retail in the late 1960s, this building has continued to be a mainstay of downtown.
At the time of sale, this building was fully occupied with a waitlist, indicating the strong desire for retail and office space in Claremont.
Sale Price: $1,600,000
27-45 Pleasant Street, Claremont, NH
Nicole identified this building as a future opportunity, but it was off-market. This former Odd Fellows Hall, connected to the Baker's Block by a small restaurant, consists of multiple office spaces, street retail, two restaurants, and four residential apartments. Working with the current owner and a group of investors, a deal was put together.
The building had multiple vacancies and several deferred maintenance issues. Nicole took over management of the building in October 2021, and within three months, the building was back up to full occupancy in all spaces allowed for use. The building successfully closed on April 8, 2022. Nicole set up her new real estate office at 33 Pleasant Street and continues to manage the building.
Sale Price: Undisclosed
6 Trafalgar Square, Nashua, NH
Single Tenant Office
Previously on the market with another realtor and with a tenant in place, this single-tenant 26,975-square-foot office building off Exit 8 in Nashua, NH, did not sell. The owners interviewed new agents to re-list the property, and Nicole won the assignment with her stellar, detailed report about the area, the demographics, the property, and her marketing plan.
In the interim, the tenant vacated. Nevertheless, Nicole successfully got the property under agreement in March 2020, but when COVID-19 hit, the buyers backed out of the contract. Nicole was able to swiftly get the property under agreement again with a new buyer/investor who intended to refit the property for multiple-tenant office leases. This was impressive in the middle of COVID-19, when everyone was working from home. The property was successfully sold in August 2020.
Sale Price: $2,000,000
471 Old Street, Peterborough, NH
“The Bunker”
Affectionately nicknamed the “Bunker” by locals, this mid-century modern home had been used as a chiropractor’s office, an art studio, and a private residence over the years. Starting in 2008, it went on the market with various agencies and languished for several years before finally selling for $420,000 below the original list price to my clients in 2015. In 2018, the new owners found themselves needing to relocate and were afraid they would also have to wait years for this property to sell. Nicole was hired to do the job. Through extensive research, Nicole noticed that the majority of larger and more expensive homes in the Peterborough area were being bought up by people from out of state, notably New York. With a commercial background, Nicole also came up with a two-prong strategy to market the property both locally and nationally as a residence or commercial property.
She received two full-priced offers within 30 days of the listing. Many buyers even flew across the country to view the listing. Nicole had successfully overcome the local preconceived notion of what this property is or could be. This is an example of Nicole’s “outside the box” thinking, her exceptional marketing skills, and her ability to adapt to new markets and outside market conditions. The property closed in July 2018.
Sale Price: $376,000
146 Main Street, Amesbury, MA
Church & Parson House
Rock Church had outgrown its current location and was looking to expand. A member of the church recommended Nicole, who promptly began researching church sales in New England. She put together a comprehensive 148-page market analysis and determined that the highest and best use of the property would likely be a redevelopment project. Taking a multipronged approach and marketing it in various ways, Nicole was able to obtain two competing full-priced offers. The winning bid was from a developer who aimed to convert the church into an industrial manufacturing facility, fully utilizing the kitchen and basement areas, renovating the Parson House into multi-unit housing, and constructing an additional six residential units in the back parking lot. City approvals pushed the closing back several months, and the property was finally transferred in January 2020.
Sale Price: $805,000
58 Macy Street, Amesbury, MA
Units 4–13 Retail
Having sold their church building around the corner, Rock Church hired me to represent them as a buyer’s agent to locate a larger space for their congregation. While unconventional, we located another congregation that was downsizing. This congregation owned 10 retail condo units in a small strip mall and had leased out the units they were not the owners of. This provided my client with immediate space to resume services once the COVID-19 restrictions were lifted, and it also provided space for their congregation to expand and grow as needed while also earning rental income on that additional space in the interim. The sale closed in September 2020.
Sale Price: $1,290,000