Three-Story Mixed-Use Office
20-22 5th Street Dover, NH 03820
20-22 5th Street, Dover, NH, 03820
$795,000
For Sale
$795,000
Three-floor office building with off-street parking and updated systems, including fire suppression and a common kitchen.
Property Size4,012 SF
Price / SF$198.16
Days on Market434
Property Features for 20-22 5th Street
General Information
- Standard status
- Active
- Size
- 4,012 SF
- Property subtype
- Commercial / Mixed Use
Building Details
- Year Built
- 1900
Listing agency
CENTURY 21 Barbara Patterson
(207) 752-0407
Listed by
W Gerard Tatlock
(207) 752-0407
Source
Compass
Added: May 15, 2025 Updated: Jul 21 at 7:20PM Checked: Jul 21 at 7:20PM
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 CENTURY 21 Barbara Patterson
Investment Insights
Based on property information with market context.
This three-story mixed-use office building offers flexible configuration options. The current setup includes office space on all three floors, four bathrooms, and a common kitchen area on the second floor, with a floor plan that could also support a duplex or a three-unit arrangement. Interior features include hardwood floors throughout, and recent improvements include updated electrical, plumbing, fire suppression, and roof. The first floor includes mini split heat pumps for heat and air conditioning.
Located near the beginning of Fifth Street in downtown Dover, the property benefits from recently rebuilt sidewalks, supporting convenient pedestrian access. The building also has its own off-street parking.
Overall, the layout is designed for multi-office use across multiple levels while maintaining shared support spaces such as the second-floor common kitchen.
Located near the beginning of Fifth Street in downtown Dover, the property benefits from recently rebuilt sidewalks, supporting convenient pedestrian access. The building also has its own off-street parking.
Overall, the layout is designed for multi-office use across multiple levels while maintaining shared support spaces such as the second-floor common kitchen.
Key Highlights
- Three‑floor office building in Dover with off‑street parking and office space on all 3 floors
- Current layout includes 4 bathrooms and a common kitchen area on the second floor
- Flexible floor plan that can be reconfigured as a duplex or a 3‑unit
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.3k | $21.00 |
| − Vacancy | −$11.2k | −$2.79 |
| EGI | $73.0k | $18.21 |
| − OpEx | −$18.3k | −$4.55 |
| NOI | $54.8k | $13.66 |
4,012 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$782.6K
$684.8K – $913.1K
NOI $54,785 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$939.2K – $1.25M
NOI $75,134 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three-floor office building with off-street parking and updated systems, including fire suppression and a common kitchen.
Where is this office building located?
The property is located at 20-22 5th Street Dover, NH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three‑floor office building in Dover with off‑street parking and office space on all 3 floors; Current layout includes 4 bathrooms and a common kitchen area on the second floor; Flexible floor plan that can be reconfigured as a duplex or a 3‑unit
