Medical Office Condo
166 Plaistow Road #Units 1 & 2 Plaistow, NH 03865
New
For Sale
$900,000
Two medical office condo units are fully occupied by a single tenant and renovated in 2017.
Property Size4,640 SF
Price / SF$193.97
Days on Market5
Property Features for 166 Plaistow Road #Units 1 & 2
General Information
Standard status
Active
Size
4,640 SF
Building Details
Year Built
1985
Listing Agency:
BHHS Verani Londonderry
(603) 714-9081
Listed By:
Turner Brown
Source:
Laerrealty
Added: Jul 26
Changed: Jul 28
Last Checked: Jul 29 at 3:57AM
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 BHHS Verani Londonderry
Investment Insights
Based on property information with market context.
This offering includes two medical office condo units totaling 4,640± SF, built in 1980 and renovated in 2017. The property is 100% occupied by a single tenant, providing current, in-place occupancy. The condo configuration supports professional office use within a dedicated medical office setting.
Located at 166 Plaistow Road in Plaistow, NH (Units 1 & 2), the property is positioned for access via Interstate 495, supported by highway and transit connectivity described in the marketing materials.
Zoned C-3, the property offers versatility for professional use consistent with the zoning designation. It is offered for sale and is also being marketed to investors, including 1031 exchange participants.
Located at 166 Plaistow Road in Plaistow, NH (Units 1 & 2), the property is positioned for access via Interstate 495, supported by highway and transit connectivity described in the marketing materials.
Zoned C-3, the property offers versatility for professional use consistent with the zoning designation. It is offered for sale and is also being marketed to investors, including 1031 exchange participants.
Key Highlights
- 4,640 SF medical office condo property in two condo units
- Built in 1980 and renovated in 2017
- 100% occupied by a single tenant
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 | $122.5k | $26.40 |
| − Vacancy | −$16.3k | −$3.51 |
| EGI | $106.2k | $22.89 |
| − OpEx | −$26.6k | −$5.72 |
| NOI | $79.7k | $17.17 |
4,640 SF · lease $26.40/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.14M
$995.7K – $1.33M
NOI $79,653 @ 7.0% cap · market cap 8.85%
Second Best
Healthcare Medical
$993.3K
$869.1K – $1.16M
NOI $69,530 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,135 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical office condo units are fully occupied by a single tenant and renovated in 2017.
Where is this medical office space located?
The property is located at 166 Plaistow Road #Units 1 & 2 Plaistow, NH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,640 SF medical office condo property in two condo units; Built in 1980 and renovated in 2017; 100% occupied by a single tenant
