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

    53 Technology Ln, Unit 1 Conway, NH 03818

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $825,000

    Office unit with income potential in Conway, New Hampshire.

    Lot size:
    3.58 Acres

    Property Features for 53 Technology Ln

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    3.58 Acres

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Greydon Turner
    Greydon Turner
    Source: Elliman

    Listing Agency: Pinkham Real Estate Listing Agent: Greydon Turner

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

    Learn more

    Overview

    Office Unit in Technology Village

    Built in 2006, Unit 1 Technology Lane features contemporary space designed for ease of occupancy. The facility has been 100% occupied since opening and typically maintains a waiting list for office space. It includes multiple office suites suitable for small and medium-sized companies, and has served as an incubator for start-ups. The unit contains multiple offices, three meeting spaces, a kitchenette, and two full bathrooms with showers. Parking is ample, and the private road provides direct access from Route 16. Signage is highly visible from Route 16, with additional signage options available within Technology Village. This unit is part of a condominium with Unit 2, sharing approximately 3600 square feet of common space, as well as the exterior grounds and lots. The space could be suitable for a growing company seeking square footage with the potential to offset expenses through rental income.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Auto Repair Shop Dental Office Gym & Fitness Center Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Carroll
    State
    New Hampshire
    Longitude
    -71.1086922
    Latitude
    43.9922511

    Nearby Similar for Sale

    • $899,000
      0.39 Acres

      Versatile Commercial Building in Conway

      Multi-use building with diverse rental income potential in Conway Village.
      24 Pleasant St, Conway, NH 03818
      View Details
    • $399,000
      1.42 Acres

      Commercial Office Building Near Route 16

      Well-maintained commercial office building with flexible space and excellent visibility.
      290 East Side Rd, Conway, NH 03818
      View Details
    • New
      $140,000
      1.20 Acres

      Commercial Office Space For Sale

      Office space in good condition near North Conway Village.
      2977 White Mountain Hwy, Conway, NH 03860
      View Details
    • $2,000,000
      4,500 SF

      Conway, NH Retail Opportunity

      Retail property for sale in Conway, near Mount Washington Valley.
      50 White Mountain Hwy, Conway, NH 03818
      View Details
    • $625,000
      0.24 Acres

      Conway Village Commercial Corner Property

      Commercial property with retail, office, and residential potential.
      14 Washington St, Conway, NH 03818
      View Details
    • $1,475,000
      1.62 Acres

      Authentic Irish Bar & Restaurant

      Turn-key Irish bar and restaurant with expansion potential.
      3002 White Mountain Hwy, Conway, NH 03860
      View Details
    • $4,400,000
      0.54 Acres

      Boutique Spa/Wellness Hotel Opportunity

      Scandinavian-inspired spa/wellness hotel in North Conway, New Hampshire for sale.
      2906 White Mountain Hwy, Conway, NH 03860
      View Details
    • $299,000
      968 SF

      Main Street Retail with Apartments

      Remodeled retail space with two apartments in Conway Village.
      76 Main St, Conway, NH 03818
      View Details
    • $299,000
      0.11 Acres

      Main Street Retail Opportunity

      Remodeled retail space with two apartments in Conway Village.
      76 Main St, Conway, NH 03818
      View Details
    • $850,000
      3,324 SF

      Spacious Multi-Family Home Near Skiing

      Expansive property with in-law apartment near shopping and ski slopes.
      85 Amethyst Hl Rd, Conway, NH 03860
      View Details
    • $975,000
      3,056 SF

      Renovated Multi-Family Home Near Cranmore

      Renovated, furnished multi-family home with mountain views and rental potential.
      970 Kearsarge Rd, Conway, NH 03860
      View Details
    • $899,000

      Conway Village Multi-Use Investment

      Multi-use building in Conway Village with diverse rental income.
      24 Pleasant St, Conway, NH 03818
      View Details

    FAQs

    What type of property is this?
    Office units - Office unit with income potential in Conway, New Hampshire.
    Where is this office units located?
    The property is located at 53 Technology Ln, Unit 1 Conway, NH.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Proven income-generating property with 100% occupancy since 2006 and a waiting list, indicating high demand.; - Multiple office suites suitable for small to medium-sized companies, ideal for diverse tenant occupancy.; - Strategic location with **high visibility signage on Route 16** and within Technology Village, ensuring excellent exposure.
    (603) 356-5425
    Request Owner's contact information
    53 Technology Ln, Unit 1 Conway, NH 03818
    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.
    53 Technology Ln, Unit 1
    Conway, NH 03818
    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
    53 Technology Ln, Unit 1 Conway, NH 03818
    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
    Greydon Turner
    Greydon Turner
    (603) 356-5425 (603) 387-6081
    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!