Medical Office
For Sale
Contact for pricing
194 Pleasant Street, Concord, NH 03301
Adjacent office space offers the option to expand the available medical-office footprint.
Property Size25,813 SF
Price / SF$0.00
Days on Market28
Property Features for 194 Pleasant Street
General Information
Standard status
Active
Size
25,813 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Medical Office
Building Details
Year Built
1960
Listing Agency:
Longview Commercial Real Estate
Listed By:
Andrew Paluch
(802) 772-5052
Source:
Longviewcre
Added: Oct 2
Changed: Oct 28
Last Checked: Oct 28 at 2:50PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Medical office space is available in Suite 6, with 1,851 rentable square feet. The neighboring Suite 5 adds 796 rentable square feet and may be leased alongside it, for a combined 2,647 rentable square feet. Heat and air conditioning are included in the common area expense estimate.
At 194 Pleasant Street in Concord, the property is near Concord Hospital. Downtown access and I-89 are available via Langley Parkway.
At 194 Pleasant Street in Concord, the property is near Concord Hospital. Downtown access and I-89 are available via Langley Parkway.
Key Highlights
- Suite 6 contains 1,851 rentable square feet
- Adjacent Suite 5 offers 796 rentable square feet; combined area is 2,647 rentable square feet
- Heat and air conditioning are included in the common area expense estimate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$192,470
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,849,400
$3.8M
Cap Rate 7%
$2,749,571
$2.7M
Cap Rate 9%
$2,138,556
$2.1M
Market Conditions
NOI Build-Up for 25,813 SF
Gross rent
$371.7K $14.40/SF
− Vacancy
−$50.9K −$1.97/SF
EGI
$320.8K $12.43/SF
− OpEx
−$128.3K −$4.97/SF
NOI
$192.5K $7.46/SF
Area
Merrimack County, NH
Vacancy
13.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,849,400
Cap Rate 7%
$2,749,571
Cap Rate 9%
$2,138,556
Alternative Uses
Best Use
Office B
$5.16M
$4.51M – $6.01M
NOI $360,881 @ 7.0% cap · market cap 2,405,873.33%
Second Best
Healthcare Medical
$2.75M
$2.41M – $3.21M
NOI $192,470 @ 7.0% cap · market cap 1,283,133.33%
Theoretical Best
Office A
$6.72M
$5.88M – $7.84M
NOI $470,482 @ 7.0% cap · market cap 3,136,546.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,550
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
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
Similar Off Market Nearby
- Animal Industry — 25 Capitol St, Concord, NH 03301
- Petco Vaccination Clinic — 35 Fort Eddy Rd, Concord, NH 03301
Frequently Asked Questions
What type of property is this?
Medical Office Space - Adjacent office space offers the option to expand the available medical-office footprint.
Where is this medical office space located?
The property is located at 194 Pleasant Street Concord, NH.
What are key features of this property?
This property features: Suite 6 contains 1,851 rentable square feet; Adjacent Suite 5 offers 796 rentable square feet; combined area is 2,647 rentable square feet; Heat and air conditioning are included in the common area expense estimate
