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    60 Exeter Rd, Unit 103 Newmarket, NH 03857

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    For Lease
    $2,000 /Mo

    First-floor office suite suitable for medical or professional use.

    Property Features for 60 Exeter Rd

    General Information

    Property type
    Commercial
    Standard status
    Active

    Building Details

    Year built
    2008

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    Listing Contact
    Gerry Oconnell
    Gerry Oconnell
    Source: Elliman

    Listing Agency: KW Coastal and Lakes & Mountains Realty/Dover Listing Agent: Gerry Oconnell

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

    Learn more

    Overview

    Newmarket Medical/Professional Office Suite

    Suite 103, comprising 1,391 square feet, is available for lease and is suitable for medical or professional office use. The suite is located on the first floor of a professional office building and was formerly occupied by Great Bay Pediatrics. The layout includes a waiting area, reception area, two exam rooms, a bathroom, and a large office that can serve as an additional exam room. The building is currently occupied by medical and professional tenants, including Newmarket Dental, Newmarket Family Chiropractic, Metabolic Health & Wellness, and Internet Systems Corporation. The property is located in Newmarket and offers easy access and ample parking. Under the modified gross lease, the tenant is responsible for utilities, including electricity, propane, water/sewer, and internet/telephone.
    Location Intelligence

    Current Use by Public Records

    Newmarket Family Chiropractic Physician Dr. Hugh V. ... Pediatrician John B Hall Physician Dr. Mona P. ... Pediatrician Deborah A. Learson, MD Pediatrician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newmarket
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.939125
    Latitude
    43.072887

    Nearby Similar for Lease

    • Contact for pricing

      Newmarket Office/Medical Space Available

      First floor office space suitable for medical or professional use.
      60 Exeter Rd, Newmarket, NH 03857
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      Commercial Garage Space For Lease

      Commercially zoned one-car garage available for immediate occupancy.
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      Freestanding Garage in Downtown Newmarket

      Commercially zoned garage suitable for storage or vehicle parking.
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    FAQs

    What type of property is this?
    Medical Office Space - First-floor office suite suitable for medical or professional use.
    Where is this medical office space located?
    The property is located at 60 Exeter Rd, Unit 103 Newmarket, NH.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: - First-floor location provides **easy access for clients and staff.**; - Suitable for medical or professional office use, offering flexibility.; - Existing layout includes a **waiting area, reception, two exam rooms, bathroom, and large office**, minimizing build-out costs.
    (603) 978-8381
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    60 Exeter Rd, Unit 103 Newmarket, NH 03857
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    Newmarket, NH 03857
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    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
    60 Exeter Rd, Unit 103 Newmarket, NH 03857
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    We can help!
    Listing Contact
    Gerry Oconnell
    Gerry Oconnell
    (603) 978-8381 (603) 610-8950 (603) 610-8500
    Learn more
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