Modern Medical Facility For
245 Rochester Hill Road, Rochester, NH 03867
Class A medical facility in a desirable location.
Property size:
7,646 SFPrice / SF:
$170/SF- Added:
- Jun 13, 2024
- Days on Market:
- 708
- Last Refresh:
- May 13 at 8:23 pm
Property Features for 245 Rochester Hill Road
General Information
- Standard status
- Active
- Size
- 7,646 SF
- Property subtype
- Other
Building Details
- Year Built
- 2013
Listing agent H. Gregory Johnson
Listing office H. G. Johnson Real Estate
Listing date Jun 13, 2024
Source Xome
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 H. G. Johnson Real Estate
HighLights
- Multi‑year NNN lease in place
- Modern, Class A medical facility
- Located in a desirable campus setting with other medical businesses
- Equipped with a full capacity stand‑by emergency back‑up generator
- State‑of‑the‑art HVAC system
- Suitable for dentistry, veterinarian, or medical mixed‑use practices
Overview
This modern medical facility, formerly a pediatric facility, is a Class A building situated in a campus setting alongside other medical-related businesses. The property features a full-capacity stand-by emergency back-up generator and a state-of-the-art HVAC system, as well as an irrigation system. The property is suitable for various uses, including a dentistry practice, veterinarian practice, or medical mixed-use. A new tenant is in place with a multi-year, NNN lease. The building contains 7,646 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.16M
NOI $104,408 @ 9.00% cap · cautious / downside scenario
Moderate
$1.49M
NOI $104,408 @ 7.00% cap · market / base-case scenario
Aggressive
$2.09M
NOI $104,408 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.6k | $21.00 |
| − Vacancy | −$21.4k | −$2.79 |
| EGI | $139.2k | $18.21 |
| − OpEx | −$34.8k | −$4.55 |
| NOI | $104.4k | $13.66 |
7,646 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.49M
$1.31M – $1.74M
NOI $104,408 @ 7.0% cap · market cap 8.03%
Second Best
Healthcare Medical
$1.48M
$1.29M – $1.72M
NOI $103,469 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,188 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mary Stettmeier
Pediatrician
Rochester Primary Care
Physician
Appledore Medical Group ...
Medical Clinic
Christopher Knox, DO
Physician
Mrs. Haley Mcdougal
Physician
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.9290366
- Latitude
- 43.280316
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FAQs
What type of property is this?
Medical center - Class A medical facility in a desirable location.
Where is this medical center located?
The property is located at 245 Rochester Hill Road Rochester, NH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Multi‑year NNN lease in place; Modern, Class A medical facility; Located in a desirable campus setting with other medical businesses
