Office Condominium
For Sale
Contact for pricing
124 Bedford Center Road, Bedford, NH 03110
Three office units offer private offices, conference rooms, support areas, restrooms, and on-site parking.
Property Size4,820 SF
Price / SF$280.08
Days on Market58
Property Features for 124 Bedford Center Road
General Information
Standard status
Active
Size
4,820 SF
Class
B
Property subtype
Office
Zoning
Commercial (CO)
Building Details
Year Built
2012
Units
3
Tenancy
Multi
Listing Agency:
Colliers - Manchester, New Hampshire
Listed By:
Laura Nesmith · License #NH 059772
(603) 623-0100
Source:
Crexi
Added: Aug 21
Changed: Oct 1
Last Checked: Oct 16 at 8:42AM
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 Colliers - Manchester, New Hampshire
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This sale includes three office condominium units within a professional office building in Bedford, NH. Units C and D1 contain 3,539± SF and are leased to Primary Bank through June 30, 2028. Unit D2 adds 1,281± SF and is vacant, bringing the combined area to 4,820± SF.
The space has two separate entrances and a practical office layout with 10 private offices, two conference rooms, a large bullpen, a small open area, IT and mechanical rooms, storage and supply rooms, a break room, and multiple restrooms. Ample on-site parking supports the property, which is located along Route 101.
The space has two separate entrances and a practical office layout with 10 private offices, two conference rooms, a large bullpen, a small open area, IT and mechanical rooms, storage and supply rooms, a break room, and multiple restrooms. Ample on-site parking supports the property, which is located along Route 101.
Key Highlights
- Three office condominiums offered together totaling 4,820± SF
- Units C and D1 encompass 3,539± SF and are leased through June 30, 2028
- Unit D2 contains 1,281± SF and is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,624
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,692,480
$1.7M
Cap Rate 7%
$1,208,914
$1.2M
Cap Rate 9%
$940,267
$940.3K
Market Conditions
NOI Build-Up for 4,820 SF
Gross rent
$130.1K $27.00/SF
− Vacancy
−$17.3K −$3.59/SF
EGI
$112.8K $23.41/SF
− OpEx
−$28.2K −$5.85/SF
NOI
$84.6K $17.56/SF
Area
Hillsborough County, NH
Vacancy
13.30%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,692,480
Cap Rate 7%
$1,208,914
Cap Rate 9%
$940,267
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,624 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.83M
$7.73M – $10.30M
NOI $618,165 @ 7.0% cap · market cap 45.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 03110, NH
23,322
Population
8,185
Households
2.8
Avg Household Size
44
Median Age
61%
College-Educated
97%
High-School Grad
32.8 sq mi
ZIP Area
711
Density / Sq Mi
$160,253
Median Household Income
$70,344
Median Earnings
$1,913
Median Rent
$582,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Three office units offer private offices, conference rooms, support areas, restrooms, and on-site parking.
Where is this office units located?
The property is located at 124 Bedford Center Road Bedford, NH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three office condominiums offered together totaling 4,820± SF; Units C and D1 encompass 3,539± SF and are leased through June 30, 2028; Unit D2 contains 1,281± SF and is vacant
