Office Building with Three Finished
For Sale
$1,300,000
1 Buttrick Road, Londonderry, NH 03053
Flexible space accommodates professional, medical, and legal office uses.
Property Size5,516 SF
Lot Size0.96 Acres
Price / SF$235.68
Days on Market46
Property Features for 1 Buttrick Road
General Information
Standard status
Active
Size
5,516 SF
Lot size
0.96 Acres
Property subtype
Commercial
Zoning
Commercial 1
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Property Use
Office
Building Details
Year Built
1984
Buildings
1
Stories
3
Building Size
5,516 SF
Listing Agency:
BHHS Verani Londonderry
(603) 434-2377
Listed By:
Giovanni Verani · License #Giovanni Verani
Source:
Anotchaboverealestate
Added: Sep 17
Changed: Oct 30
Last Checked: Oct 30 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Verani Londonderry
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Investment Insights
Based on property information with market context.
This 5,516 SF office property has three finished levels and sits on approximately 0.96 acres. The interior configuration supports professional offices, including medical and legal practices. Built in 1984, the building may be delivered vacant, or a leaseback with the current occupant may be arranged.
The property is in Londonderry’s Commercial 1 zoning district, about one mile from I-93 Exit 4 and near Route 102. Public water and private septic serve the site. Municipal sewer has been extended to the property, and the town has agreed to cover connection costs.
The property is in Londonderry’s Commercial 1 zoning district, about one mile from I-93 Exit 4 and near Route 102. Public water and private septic serve the site. Municipal sewer has been extended to the property, and the town has agreed to cover connection costs.
Key Highlights
- 5,516 SF of finished office space across three levels
- Approximately 0.96 acres
- Commercial 1 zoning in Londonderry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,691
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,893,820
$1.9M
Cap Rate 7%
$1,352,729
$1.4M
Cap Rate 9%
$1,052,122
$1.1M
Market Conditions
NOI Build-Up for 5,516 SF
Gross rent
$145.6K $26.40/SF
− Vacancy
−$19.4K −$3.51/SF
EGI
$126.3K $22.89/SF
− OpEx
−$31.6K −$5.72/SF
NOI
$94.7K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,893,820
Cap Rate 7%
$1,352,729
Cap Rate 9%
$1,052,122
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,691 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,550 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 03053, NH
25,646
Population
9,751
Households
2.6
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
41.7 sq mi
ZIP Area
615
Density / Sq Mi
$132,241
Median Household Income
$60,812
Median Earnings
$1,837
Median Rent
$464,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Flexible space accommodates professional, medical, and legal office uses.
Where is this office building located?
The property is located at 1 Buttrick Road Londonderry, NH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,516 SF of finished office space across three levels; Approximately 0.96 acres; Commercial 1 zoning in Londonderry
