Medical Office Condo
For Sale
$900,000
166 Plaistow Road #Units 1 & 2, Plaistow, NH 03865
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 Market95
Property Features for 166 Plaistow Road #Units 1 & 2
General Information
Standard status
Active
Size
4,640 SF
Zoning
C-3
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$9,718
Building Details
Year Built
1985
Year Renovated
2017
Tenancy
Single
Listing Agency:
BHHS Verani Londonderry
Listed By:
Turner Brown
(603) 714-9081
Source:
Laerrealty
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 28 at 5:00AM
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
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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 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
Estimated NOI and Cap Rate
NOI / Yr
$79,653
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,593,060
$1.6M
Cap Rate 7%
$1,137,900
$1.1M
Cap Rate 9%
$885,033
$885.0K
Market Conditions
NOI Build-Up for 4,640 SF
Gross rent
$122.5K $26.40/SF
− Vacancy
−$16.3K −$3.51/SF
EGI
$106.2K $22.89/SF
− OpEx
−$26.6K −$5.72/SF
NOI
$79.7K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,593,060
Cap Rate 7%
$1,137,900
Cap Rate 9%
$885,033
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03865, NH
7,830
Population
3,180
Households
2.5
Avg Household Size
44
Median Age
36%
College-Educated
97%
High-School Grad
10.6 sq mi
ZIP Area
739
Density / Sq Mi
$109,040
Median Household Income
$58,452
Median Earnings
$1,595
Median Rent
$382,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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
