Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Well-Maintained Office Building For Sale Title is generated by Realmo AI

    17 Ninety Third St, Keene, NH 03431

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Corner lot office building, conversion potential, walkable to downtown.

    Type:Office
    Property size:
    16,506 SF
    Price / SF:
    $87/SF
    Added:
    Sep 7, 2023
    Days on Market:
    994
    Last Refresh:
    May 13 at 8:22 pm

    Property Features for 17 Ninety Third St

    General Information

    Standard status
    Active
    Size
    16,506 SF
    Property subtype
    Office

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Bill Hutwelker

    Listing agent Bill Hutwelker License #NH 066064

    Listing office SVN The Masiello Group

    Listing date Sep 7, 2023

    Source Crexi

    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 SVN The Masiello Group

    HighLights

    • High visibility corner location with walkable sidewalks to downtown.
    • Potential for conversion to residential apartments.
    • Prime space for single or multiple tenants.
    • Very low vacancy rate (less than 1%).
    • Benefit from on‑site parking.
    • Well‑maintained office building.

    Overview

    This well-maintained office building is situated on a corner lot, offering high visibility and walkable access to downtown. On-site parking is available. The property presents a prime opportunity for single or multiple tenants. It also offers potential for conversion to residential apartments. The property has a size of 16506 square feet and a current vacancy rate of less than 1%.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Keene
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.2744
    Latitude
    42.9764

    Nearby Similar for Sale

    • $500,000

      Keene Commercial Property For Sale

      Commercial property in revitalizing area suitable for office, retail, or gym.
      233 Marlboro Street, Keene, NH 03431
      View Details
    • $8,500,000

      Keene Commercial/Industrial Opportunity

      Large-scale commercial/industrial property with redevelopment potential in Keene's business corridor.
      150 Congress Street, Keene, NH 03431
      View Details
    • $215,000

      Historic Keene Office Space

      Turnkey office in vibrant downtown Keene with historic charm.
      16 Church Street, Keene, NH 03431
      View Details
    • $235,000

      Downtown Keene Office Condo

      Office condo with exposed brick, beams, and excellent visibility.
      16 Church Street, Keene, NH 03431
      View Details
    • $359,000
      1,575 SF

      Keene Investment Property Near College

      Two-family New Englander near Keene State College with strong rental appeal.
      35 Elliot Street, Keene, NH 03431
      View Details
    • $457,000

      Commercial Building Near Downtown Keene

      5,765 sq ft commercial building near downtown Keene, NH.
      66 Ralston Street, Keene, NH 03431
      View Details
    • $499,900

      Charming Craftsman-Style Bungalow in Keene

      Character-filled home in a convenient Keene neighborhood, zoned for business.
      549 West Street, Keene, NH 03431
      View Details
    • $500,000

      Keene Commercial Property For Sale

      Commercial property in Keene with redevelopment potential and ample parking.
      233 Marlboro St, Keene, NH 03431
      View Details
    • $1,100,000
      9,600 SF

      Iconic Commercial Building in Keene

      Well-maintained 9,600 SF commercial building in high-traffic location.
      540 Main St, Keene, NH 03431
      View Details
    • $1,100,000
      9,600 SF

      Keene Commercial Building For Sale

      9600 SF commercial building in Keene's Commerce Zone.
      540 Main St, Keene, NH 03431
      View Details
    • $1,044,900

      Mixed-Use Property in Downtown Keene

      Versatile mixed-use property with high visibility and flexible zoning.
      349 Washington Street, Keene, NH 03431
      View Details
    • $549,000

      Charming Craftsman Bungalow in Keene

      Circa 1929 Craftsman-style bungalow with modern updates and professional zoning.
      549 West St, Keene, NH 03431
      View Details

    FAQs

    What type of property is this?
    Office building - Corner lot office building, conversion potential, walkable to downtown.
    Where is this office building located?
    The property is located at 17 Ninety Third St Keene, NH.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: High visibility corner location with walkable sidewalks to downtown.; Potential for conversion to residential apartments.; Prime space for single or multiple tenants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bill Hutwelker
    Real Estate License ID: NH 066064
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    17 Ninety Third St, Keene, NH 03431
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!