Second-Floor Office Condominium
205207-276 Newport Rd New London, NH 03257
205207-276 Newport Rd, New London, NH, 03257
$147,000
For Sale
$147,000
Combined units 205 and 207 offer two connected offices with multiple workstations and dual-style access options.
Property Size1,141 SF
Price / SF$128.83
Days on Market94
Property Features for 205207-276 Newport Rd
General Information
- Standard status
- Active
- Size
- 1,141 SF
Listing agency
BHHS Verani Upper Valley
(603) 678-1309
Listed by
Grant Tyler
(603) 678-1309
Source
Exprealty
Added: Apr 21 Updated: Jul 22 at 7:33PM Checked: Jul 22 at 7:33PM
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 BHHS Verani Upper Valley
Investment Insights
Based on property information with market context.
The Gallery presents a second-floor office condominium opportunity comprising Units 205 and 207 combined into one suite with multiple workstations. The configuration includes two connected offices, offering flexibility for a shared workspace as well as a dedicated smaller office that can function as reception, waiting, consultation, or a private office.
The building is positioned at 276 Newport Road in New London and is described as a prominent commercial address with ample on-site parking. Public remarks indicate strong daily traffic and proximity to regional shopping centers, including a grocery store, pharmacy, and post office, along with New London Hospital.
The suite is accessed from the common hallway and also provides adjoining access through the larger office, supporting a practical front-office to back-office flow for professional use.
The building is positioned at 276 Newport Road in New London and is described as a prominent commercial address with ample on-site parking. Public remarks indicate strong daily traffic and proximity to regional shopping centers, including a grocery store, pharmacy, and post office, along with New London Hospital.
The suite is accessed from the common hallway and also provides adjoining access through the larger office, supporting a practical front-office to back-office flow for professional use.
Key Highlights
- The Gallery commercial building at 276 Newport Road with ample on‑site parking
- Units 205 and 207 combine for 1,141 SF of second‑floor office condo space
- Suites feature two connected offices with multiple workstations
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.4k | $14.40 |
| − Vacancy | −$2.3k | −$1.97 |
| EGI | $14.2k | $12.43 |
| − OpEx | −$5.7k | −$4.97 |
| NOI | $8.5k | $7.46 |
1,141 SF · lease $14.40/SF/yr · vacancy 13.70% · expense 40.00%
Alternative Uses
Best Use
Office B
$227.9K
$199.4K – $265.9K
NOI $15,952 @ 7.0% cap · market cap 10.85%
Second Best
Healthcare Medical
$121.5K
$106.4K – $141.8K
NOI $8,508 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$297.1K
$260.0K – $346.6K
NOI $20,797 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Combined units 205 and 207 offer two connected offices with multiple workstations and dual-style access options.
Where is this office units located?
The property is located at 205207-276 Newport Rd New London, NH.
What is the asking price?
The asking price for this property is $147,000.
What are key features of this property?
This property features: The Gallery commercial building at 276 Newport Road with ample on‑site parking; Units 205 and 207 combine for 1,141 SF of second‑floor office condo space; Suites feature two connected offices with multiple workstations
