Office Suite with Private
For Sale
Contact for pricing
1855 Elm Street, Manchester, NH 03104
Open-plan workspace pairs dedicated offices with a conference room, kitchen, and on-site parking.
Property Size10,664 SF
Price / SF$0.00
Days on Market17
Property Features for 1855 Elm Street
General Information
Standard status
Active
Size
10,664 SF
Total Parking Spaces
14
Property subtype
Commercial
Site & Location
Neighborhood
North End
Highway Access
Yes
Additional Details
Condition
Built-Out
Property Use
Office
Amenities
conference room
private kitchen
two bathrooms
new windows throughout
alarm system
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Longview Commercial Real Estate
Listed By:
Andrew Paluch
(802) 772-5052
Source:
Longviewcre
Added: Oct 14
Changed: Oct 28
Last Checked: Oct 28 at 2:39PM
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 Longview Commercial Real Estate
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Investment Insights
Based on property information with market context.
The 5,058-square-foot office suite offers an open layout with six private offices: two on the first floor and four on the second. A conference room, private kitchen, and two bathrooms are also included. Original architectural details are complemented by new windows throughout, and an alarm system is available as an option.
At 1855 Elm Street in Manchester, the property is just off the F.E. Everett Turnpike. On-site parking accommodates 14 vehicles for employees and visitors.
At 1855 Elm Street in Manchester, the property is just off the F.E. Everett Turnpike. On-site parking accommodates 14 vehicles for employees and visitors.
Key Highlights
- 5,058 SF of office space with an open layout
- Six private offices: two on the first floor and four on the second
- Conference room, private kitchen, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,714
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,754,280
$1.8M
Cap Rate 7%
$1,253,057
$1.3M
Cap Rate 9%
$974,600
$974.6K
Market Conditions
NOI Build-Up for 10,664 SF
Gross rent
$130.5K $12.24/SF
− Vacancy
−$13.6K −$1.27/SF
EGI
$117.0K $10.97/SF
− OpEx
−$29.2K −$2.74/SF
NOI
$87.7K $8.23/SF
Area
Manchester, NH
Vacancy
10.40%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,754,280
Cap Rate 7%
$1,253,057
Cap Rate 9%
$974,600
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,714 @ 7.0% cap · market cap 381,365.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.06M
NOI $183,314 @ 7.0% cap · market cap 797,017.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Explore this area
Business Placement
Demographics for 03104, NH
34,324
Population
15,715
Households
2.2
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
4,135
Density / Sq Mi
$84,513
Median Household Income
$48,513
Median Earnings
$1,455
Median Rent
$364,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Open-plan workspace pairs dedicated offices with a conference room, kitchen, and on-site parking.
Where is this office unit located?
The property is located at 1855 Elm Street Manchester, NH.
What are key features of this property?
This property features: 5,058 SF of office space with an open layout; Six private offices: two on the first floor and four on the second; Conference room, private kitchen, and two bathrooms
