High-Visibility Retail
For Sale
$1,495,000
25 S Maple St, Manchester, NH 03103
Single-level masonry retail building with mostly free-span space, basement area, and 41 on-site parking spaces.
Property Size8,030 SF
Price / SF$186.18
Days on Market37
Property Features for 25 S Maple St
General Information
Standard status
Active
Size
8,030 SF
Total Parking Spaces
41
Zoning
PROF BLDG
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$12,056
Building Details
Year Built
1965
Stories
1
Listing Agency:
RE/MAX Area Real Estate Network
(603) 626-5000
Listed By:
Steven Cotran · License #8985
Source:
Laerrealty
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 8 at 8:13AM
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 RE/MAX Area Real Estate Network
Investment Insights
Based on property information with market context.
This single-level masonry retail building offers a mostly free-span layout supported by a basement, set on a level lot. The property is serviced by all city utilities and is currently configured as two units, providing flexibility for an owner-operator, multi-tenant setup, or redevelopment planning. Signage is supported by the property’s prominent, high-visibility character.
The building benefits from convenient access and egress and is positioned for strong street presence with an emphasis on signage opportunities. The seller also notes a high traffic count, which can be beneficial for retail and service users seeking walk-in and drive-by exposure.
As structured, the space can work for tenants that want adaptable, open-area merchandising or showroom-style uses, with the added option of utilizing the basement as secondary space. The existing two-unit configuration may also support different operating models, while the overall building form and level-lot improvements can simplify future redevelopment considerations for qualified buyers.
The building benefits from convenient access and egress and is positioned for strong street presence with an emphasis on signage opportunities. The seller also notes a high traffic count, which can be beneficial for retail and service users seeking walk-in and drive-by exposure.
As structured, the space can work for tenants that want adaptable, open-area merchandising or showroom-style uses, with the added option of utilizing the basement as secondary space. The existing two-unit configuration may also support different operating models, while the overall building form and level-lot improvements can simplify future redevelopment considerations for qualified buyers.
Key Highlights
- 8,030 SF single‑level masonry commercial building with mostly free‑span layout
- Basement included; built in 1965
- Configured as two units, suitable for multiple uses or redevelopment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$115,343
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,306,860
$2.3M
Cap Rate 7%
$1,647,757
$1.6M
Cap Rate 9%
$1,281,589
$1.3M
Market Conditions
NOI Build-Up for 8,030 SF
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.
Gross rent
$173.4K $21.60/SF
− Vacancy
−$8.7K −$1.08/SF
EGI
$164.8K $20.52/SF
− OpEx
−$49.4K −$6.16/SF
NOI
$115.3K $14.36/SF
Area
Manchester, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,306,860
Cap Rate 7%
$1,647,757
Cap Rate 9%
$1,281,589
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,343 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.97M
$1.73M – $2.30M
NOI $138,036 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
87k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Apparel 23%
Shops & Services 21%
McDonald's
Dining
26,268 visits/mo
0.1 miles
Savers Thrift Store
Apparel
20,091 visits/mo
0.1 miles
Aroma Joe's
Dining
12,906 visits/mo
0.0 miles
Family Dollar
Shops & Services
4,918 visits/mo
0.1 miles
Batteries Plus Bulbs
Shops & Services
3,861 visits/mo
0.4 miles
Demographics for 03103, NH
38,039
Population
16,166
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
9.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$70,049
Median Household Income
$41,243
Median Earnings
$1,322
Median Rent
$313,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-level masonry retail building with mostly free-span space, basement area, and 41 on-site parking spaces.
Where is this storefront property located?
The property is located at 25 S Maple St Manchester, NH.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 8,030 SF single‑level masonry commercial building with mostly free‑span layout; Basement included; built in 1965; Configured as two units, suitable for multiple uses or redevelopment
