Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    889 Elm St Manchester, NH 03101

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr ($9,601 /Mo)

    Six-story office building across from City Hall in Manchester.

    Property size:
    7,201 SF
    Lot size:
    0.16 Acres

    Property Features for 889 Elm St

    General Information

    Size
    7,201 SF
    Lot size
    0.16 Acres

    We can help!

    Listing Contact
    Lawrence Hirsch
    Lawrence Hirsch
    Source: Moodyscre

    Listing Agent: Lawrence Hirsch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Modern Office Building on Elm

    The property at 889 Elm Street is a modern six-story office building. It is located on Elm Street at the corner of Hanover Street, directly across from City Hall. The building has relatively small floor plates, which may provide smaller tenants with a significant presence. The property has a size of 7,201 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fitz Vogt & Associates Food Products Supplier Tetra Tech Rizzo Engineering Consultant Adams & Morse Associates, ... Insurance Company OSR Open Systems ... Software Company Chris Pappas Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4626897
    Latitude
    42.9911074

    Nearby Similar for Lease

    • Contact for pricing

      Prime Office Space in Manchester

      Private office space with amenities in downtown Manchester's Arts District.
      66 Hanover St, Manchester, NH 03101
      View Details
    • Contact for pricing
      43,996 SF

      Functional Commercial Space in Manchester

      Convenient Manchester location, ideal for contractor-type business.
      76 Maple St, Manchester, NH 03103
      View Details
    • Contact for pricing

      Prime Office Space in Manchester

      Private office space with amenities near downtown Manchester.
      66 Hanover St, Manchester, NH 03101
      View Details
    • New
      Contact for pricing

      Manchester Coworking Office For Lease

      Coworking office space for lease in Manchester, New Hampshire.
      409 Elm St, Manchester, NH 03101
      View Details
    • Contact for pricing

      Downtown Manchester Shared Office Space

      Furnished coworking space in downtown Manchester, near amenities.
      66 Hanover St, Manchester, NH 03101
      View Details
    • New
      Contact for pricing

      Coworking Office Space in Manchester

      Street-level coworking office suite with mountain views and included amenities.
      409 Elm St, Manchester, NH 03101
      View Details
    • Contact for pricing
      7,841 SF

      Luxury Office Space For Lease

      Class A office space in renovated historical Pembroke building.
      795 Elm St, Manchester, NH 03101
      View Details
    • Contact for pricing
      4,356 SF

      Downtown Manchester Retail Space Available

      High-visibility retail space in the heart of downtown Manchester.
      823 Elm St, Manchester, NH 03101
      View Details
    • Contact for pricing

      Commercial Space in Manchester, NH

      Retail space available for lease in Manchester, New Hampshire.
      132 Orange St, Manchester, NH 03104
      View Details
    • Contact for pricing

      Furnished Office Space in Manchester

      Move-in ready, furnished office space in a convenient Manchester location.
      380 Harvey Rd, Manchester, NH 03103
      View Details
    • Contact for pricing

      Commercial Space in Manchester, NH

      Commercial space for lease in Manchester, New Hampshire.
      649 2Nd St, Manchester, NH 03102
      View Details
    • Contact for pricing
      1,650 SF

      Retail Space in South Willow

      Retail spaces available in a high-traffic Manchester location.
      50 south Willow St, Manchester, NH 03101
      View Details

    FAQs

    What type of property is this?
    Office building - Six-story office building across from City Hall in Manchester.
    Where is this office building located?
    The property is located at 889 Elm St Manchester, NH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Modern six-story office building.; - Located on Elm St. at the corner of Hanover Street.; - Directly across from City Hall.
    (603) 886-4700
    Request Owner's contact information
    889 Elm St Manchester, NH 03101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    889 Elm St
    Manchester, NH 03101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    889 Elm St Manchester, NH 03101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lawrence Hirsch
    Lawrence Hirsch
    (603) 886-4700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.