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    Modern Medical Facility For Sale Title is generated by Realmo AI

    245 Rochester Hill Road, Rochester, NH 03867

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    Claim this Listing
    For Sale
    $1,300,000

    Class A medical facility in a desirable location.

    Property size:
    7,646 SF
    Price / SF:
    $170/SF
    Added:
    Jun 13, 2024
    Days on Market:
    754
    Last Refresh:
    May 13 at 8:23 pm

    Property Features for 245 Rochester Hill Road

    General Information

    Standard status
    Active
    Size
    7,646 SF
    Property subtype
    Other

    Building Details

    Year Built
    2013

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    H. Gregory Johnson

    Listing office H. G. Johnson Real Estate

    Listing date Jun 13, 2024

    Source Xome

    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 H. G. Johnson Real Estate

    HighLights

    • Multi‑year NNN lease in place
    • Modern, Class A medical facility
    • Located in a desirable campus setting with other medical businesses
    • Equipped with a full capacity stand‑by emergency back‑up generator
    • State‑of‑the‑art HVAC system
    • Suitable for dentistry, veterinarian, or medical mixed‑use practices

    Overview

    This modern medical facility, formerly a pediatric facility, is a Class A building situated in a campus setting alongside other medical-related businesses. The property features a full-capacity stand-by emergency back-up generator and a state-of-the-art HVAC system, as well as an irrigation system. The property is suitable for various uses, including a dentistry practice, veterinarian practice, or medical mixed-use. A new tenant is in place with a multi-year, NNN lease. The building contains 7,646 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $160.6k $21.00
    − Vacancy −$21.4k −$2.79
    EGI $139.2k $18.21
    − OpEx −$34.8k −$4.55
    NOI $104.4k $13.66
    7,646 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.49M
    $1.31M – $1.74M (±1% cap)
    NOI $104,408 @ 7.0% cap · market cap 8.03%
    Second Best
    Healthcare Medical
    $1.48M
    $1.29M – $1.72M (±1% cap)
    NOI $103,469 @ 7.0% cap · market cap 7.96%
    Theoretical Best
    Office A
    $2.05M
    $1.79M – $2.39M (±1% cap)
    NOI $143,188 @ 7.0% cap · market cap 11.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mary Stettmeier Pediatrician Rochester Primary Care Physician Appledore Medical Group ... Medical Clinic Christopher Knox, DO Physician Mrs. Haley Mcdougal Physician

    Suggested Use

    Real Estate Agency Spa & Massage Center Auto Repair Shop Hotel & Motel Food Market Building Supply Grocery & Convenience Store Big Box & Wholesale Store Electrical Service Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9290366
    Latitude
    43.280316

    FAQs

    What type of property is this?
    Medical center - Class A medical facility in a desirable location.
    Where is this medical center located?
    The property is located at 245 Rochester Hill Road Rochester, 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: Multi‑year NNN lease in place; Modern, Class A medical facility; Located in a desirable campus setting with other medical businesses
    More about this property
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