Victorian Office
New
For Sale
$1,290,000
1889 Elm St, Manchester, NH 03104
Private rooms and shared areas create a varied layout for professional operations.
Property Size5,110 SF
Price / SF$252.45
Days on Market5
Property Features for 1889 Elm St
General Information
Standard status
Active
Size
5,110 SF
Additional Details
Highway Access
Yes
Amenities
high ceilings
natural light
private offices
common areas
Building Details
Year Built
1910
Buildings
1
Building Size
5,110 SF
Construction
Victorian
Listing Agency:
Duston Leddy Real Estate
Listed By:
Roger Howe
(800) 387-8533
Source:
Langelange
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 6 at 12:41AM
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 Duston Leddy Real Estate
Investment Insights
Based on property information with market context.
Built in 1910, this freestanding Victorian office property contains 5,110 square feet, with high ceilings, abundant natural light, private offices, and shared areas. Space at the rear is occupied by a yoga studio, adding an active business to the property. The configuration supports office functions, including medical and professional services, as well as corporate or legal offices.
The property occupies a corner lot and has on-site parking. I-293 and I-93 are accessible from the site, and downtown amenities are minutes away.
The property occupies a corner lot and has on-site parking. I-293 and I-93 are accessible from the site, and downtown amenities are minutes away.
Key Highlights
- 5,110‑square‑foot freestanding Victorian office building
- Built in 1910
- Private offices, common areas, high ceilings, and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,361
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,307,220
$1.3M
Cap Rate 7%
$933,729
$933.7K
Cap Rate 9%
$726,233
$726.2K
Market Conditions
NOI Build-Up for 5,110 SF
Gross rent
$116.5K $22.80/SF
− Vacancy
−$7.6K −$1.48/SF
EGI
$108.9K $21.32/SF
− OpEx
−$43.6K −$8.53/SF
NOI
$65.4K $12.79/SF
Area
Manchester, NH
Vacancy
6.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,307,220
Cap Rate 7%
$933,729
Cap Rate 9%
$726,233
Alternative Uses
Best Use
Healthcare Medical
$933.7K
$817.0K – $1.09M
NOI $65,361 @ 7.0% cap · market cap 5.07%
Second Best
Office B
$600.4K
$525.4K – $700.5K
NOI $42,031 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,841 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Private rooms and shared areas create a varied layout for professional operations.
Where is this office building located?
The property is located at 1889 Elm St Manchester, NH.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 5,110‑square‑foot freestanding Victorian office building; Built in 1910; Private offices, common areas, high ceilings, and natural light
