Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Elm St Keene, NH 03431

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $850 /Mo

    Two office suites available in downtown location.

    Lot size:
    0.14 Acres

    Property Features for 1 Elm St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.14 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Bill Hutwelker
    Bill Hutwelker
    Source: Elliman

    Listing Agent: Bill Hutwelker

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

    Learn more

    Property Insight Report

    Overview

    Downtown Office Suites For Rent

    Two office suites are available for rent. The second-floor suite features four offices, a conference room, and a waiting area. The lease is modified gross, with the tenant responsible for internet expenses. The space can be configured as two separate suites, each with two offices and a shared reception area, or combined into one larger suite. The property is well maintained. On-site parking is limited, with metered parking available nearby. The location is convenient to downtown amenities, including shopping and restaurants. It is suitable for general office use or therapy practices. The listed price reflects the availability of two individual suites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Business Systems, Inc Accounting Firm The Stiltskin Computer Services Tech Support Center Heart medicine Spa & Massage Center Jenny LaClair, LMT Alternative Medicine Practice Graceful Touch Massage ... Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Keene
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.2785191
    Latitude
    42.9357428

    Nearby Similar for Lease

    • New
      Contact for pricing

      Keene Commercial Space For Lease

      1200 sqft commercial unit in high-traffic Keene location.
      640 Marlboro St, Keene, NH 03431
      View Details
    • Contact for pricing

      Professional Office Suite in Keene

      Office suite with reception area in downtown Keene, NH.
      20 Main St, Keene, NH 03431
      View Details
    • Contact for pricing

      Downtown Keene Office Space Available

      Three-room office suite in downtown Keene with parking included.
      20 Main St, Keene, NH 03431
      View Details
    • $2,500 /Mo

      Retail Space in Keene, NH

      Retail space available for rent in Keene, New Hampshire.
      141 Winchester St, Keene, NH 03431
      View Details
    • $2,165 /Mo

      Downtown Keene Second-Floor Office Suite

      Bright, professional office suite in downtown Keene, available September 2025.
      46 Main St, Keene, NH 03431
      View Details
    • Contact for pricing

      Keene Office Space For Lease

      Stand-alone office building in Keene, NH with on-site parking.
      425 Winchester St, Keene, NH 03431
      View Details
    • Contact for pricing

      Keene NH Office Suite

      Centrally located office suite with flexible use and ample parking.
      372 West St, Keene, NH 03431
      View Details
    • Contact for pricing

      Keene NH Office Space

      Centrally located office suite with flexible use in Keene.
      372 West St, Keene, NH 03431
      View Details
    • Contact for pricing

      Keene NH Commercial Office Suite

      Centrally located office suite for lease in Keene, NH.
      372 West St, Keene, NH 03431
      View Details
    • $15 SF/Yr

      Highly Visible Retail Location

      Retail space in walkable neighborhood with high traffic volume.
      40 Washington St, Keene, NH 03431
      View Details
    • Contact for pricing
      6,534 SF

      Retail/Office Space on Winchester Street

      Retail or office spaces for lease on high-traffic Winchester Street.
      421 Winchester St, Keene, NH 03431
      View Details
    • Contact for pricing
      13,504 SF

      Retail/Office Space in Keene, NH

      1776 sq ft commercial building in commerce zone for lease.
      423 Winchester St, Keene, NH 03431
      View Details

    FAQs

    What type of property is this?
    Office units - Two office suites available in downtown location.
    Where is this office units located?
    The property is located at 1 Elm St Keene, NH.
    What is the lease rate?
    The lease rate is $850 /Mo.
    What are key features of this property?
    This property features: - Flexible layout: Use as two suites or one large suite.; - Convenient downtown location: Close to shopping and restaurants.; - Well-maintained property.
    (833) 746-6479
    Request Owner's contact information
    1 Elm St Keene, NH 03431
    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.
    1 Elm St
    Keene, NH 03431
    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
    1 Elm St Keene, NH 03431
    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
    Bill Hutwelker
    Bill Hutwelker
    Real Estate License ID: #393709
    (833) 746-6479 (603) 313-3948
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!