Historic Office
For Sale
Contact for pricing
11 Eldridge Street, Lebanon, NH 03784
The suite can be joined with an adjoining unit to create a larger contiguous office layout.
Property Size10,000 SF
Price / SF$0.00
Days on Market39
Property Features for 11 Eldridge Street
General Information
Standard status
Active
Size
10,000 SF
Class
Class A
Elevators
Yes
Property subtype
Commercial
Space & Availability
Floor
Level I
Condition
Built-Out
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Property Use
Office
Amenities
new windows
high-efficiency gas heat and central A/C with individual thermostats
modern lighting
full ADA accessibility
high-bandwidth internet
common-area restrooms
Building Details
Buildings
1
Construction
brick
Listing Agency:
Longview Commercial Real Estate
Listed By:
Andrew Paluch
(802) 772-5052
Source:
Longviewcre
Added: Sep 21
Changed: Oct 28
Last Checked: Oct 28 at 4:04PM
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 Longview Commercial Real Estate
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Investment Insights
Based on property information with market context.
This Level I office suite occupies part of a restored historic brick building in Lebanon, New Hampshire. The space measures approximately 1,232 square feet, with an option to combine it with the neighboring suite for nearly 2,900 square feet of contiguous space. Delivery includes painted perimeter walls, an acoustical ceiling grid, reflective lighting, and functioning mechanical systems; flooring can be selected by the tenant or addressed through a fit-up allowance.
Building features include central A/C with individual thermostats, high-efficiency gas heat, a new elevator, and full ADA accessibility. More than 50 dedicated parking spaces serve the property, along with common-area restrooms, sprinkler protection, and high-bandwidth internet from Comcast and Fairpoint. The upper two levels are fully leased.
Building features include central A/C with individual thermostats, high-efficiency gas heat, a new elevator, and full ADA accessibility. More than 50 dedicated parking spaces serve the property, along with common-area restrooms, sprinkler protection, and high-bandwidth internet from Comcast and Fairpoint. The upper two levels are fully leased.
Key Highlights
- Approximately 1,232 SF, with the option to combine with the adjoining suite for nearly 2,900 SF
- Located on Level I of a restored historic brick building
- More than 50 dedicated on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,947
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,418,940
$2.4M
Cap Rate 7%
$1,727,814
$1.7M
Cap Rate 9%
$1,343,856
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$186.0K $18.60/SF
− Vacancy
−$24.7K −$2.47/SF
EGI
$161.3K $16.13/SF
− OpEx
−$40.3K −$4.03/SF
NOI
$120.9K $12.09/SF
Area
Grafton County, NH
Vacancy
13.30%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,418,940
Cap Rate 7%
$1,727,814
Cap Rate 9%
$1,343,856
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.02M
NOI $120,947 @ 7.0% cap · market cap 483,788.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.57M
NOI $153,979 @ 7.0% cap · market cap 615,916.00%
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
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 03784, NH
4,444
Population
2,168
Households
2
Avg Household Size
39
Median Age
61%
College-Educated
95%
High-School Grad
8.3 sq mi
ZIP Area
535
Density / Sq Mi
$84,303
Median Household Income
$49,175
Median Earnings
$1,547
Median Rent
$340,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite can be joined with an adjoining unit to create a larger contiguous office layout.
Where is this office unit located?
The property is located at 11 Eldridge Street Lebanon, NH.
What are key features of this property?
This property features: Approximately 1,232 SF, with the option to combine with the adjoining suite for nearly 2,900 SF; Located on Level I of a restored historic brick building; More than 50 dedicated on‑site parking spaces
