Freestanding Office
New
For Sale
$1,290,000
1889 Elm Street, Manchester, NH 03104
Commercial Sale, Manchester, NH
Property Size5,110 SF
Lot Size0.69 Acres
Price / SF$252.45
Days on Market6
Property Features for 1889 Elm Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BC-1
Rooms
Basement
Parking features
Assigned
Lot features
In Town, Near Shopping, Neighborhood, Near Public Transport, City Lot, Corner, Curbing, Landscaped, Leased, Level, Major Road Frontage, Neighbor Business, Sidewalks, Street Lights
Directions
At the corner of Webster and Elm Street
Standard status
Active
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
17395
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1910
Building materials
Wood Frame, Clapboard Exterior
Roof type
Shingle
Listing Agency:
Duston Leddy Real Estate
(603) 610-8285
Listed By:
Roger Howe
(603) 661-8127
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 6 at 7:06AM
MLS# 5112442
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office property occupies a 0.69-acre corner parcel in Manchester. Interior features include multiple private offices, shared areas, high ceilings, and natural light. Central air conditioning and hot-water baseboard heating serve the building, which also has a basement and assigned parking. The rear portion is occupied by a yoga studio.
Elm Street provides access to I-293 and I-93. The property is served by public water and has a wood-frame structure with clapboard exterior and a shingle roof.
Elm Street provides access to I-293 and I-93. The property is served by public water and has a wood-frame structure with clapboard exterior and a shingle roof.
Key Highlights
- 0.69‑acre corner parcel in Manchester
- Multiple private offices and shared areas
- Rear portion occupied by a yoga studio
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
Mixed Use
$814.7K
$712.9K – $950.5K
NOI $57,028 @ 7.0% cap · market cap 4.42%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - BC-1 zoning and a multi-office layout support a range of professional operations.
Where is this office building located?
The property is located at 1889 Elm Street 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: 0.69‑acre corner parcel in Manchester; Multiple private offices and shared areas; Rear portion occupied by a yoga studio
