Single-Level Mixed-Use
For Sale
$1,495,000
25 S Maple Street, Manchester, NH 03103
Commercial Sale, Manchester, NH
Property Size8,030 SF
Lot Size0.60 Acres
Price / SF$186.18
Days on Market497
Property Features for 25 S Maple Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Rooms
Basement
Accessibility
Accessible Approach with Ramp
Lot features
City Lot, Curbing, Level
Standard status
Active
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12057
Utilities
Heating system
Forced Air, Natural Gas, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Building materials
Masonry, Wood Frame, Block Exterior
Roof type
Membrane, Shingle
Listing Agency:
RE/MAX Area Real Estate Network LTD · RE/MAX International
(603) 626-5000
Listed By:
Steve Cotran · License #008985
(603) 782-4418
Added: Apr 15, 2025
Changed: Aug 20
Last Checked: Aug 24 at 1:06AM
MLS# 5036416
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.
The property includes an 8,030-square-foot, single-level masonry building on a 0.6-acre level lot. Its mostly free-span interior is arranged as two units and includes a basement, offering an adaptable existing configuration. The building dates to 1965 and has forced-air, natural gas, and heat-pump heating, central air conditioning, public water, and a combination of membrane and shingle roofing.
Commercial zoning, 41 parking spaces, and an accessible approach with ramp support practical operation. The site also provides signage opportunities, convenient access and egress, and all city services. The existing two-unit arrangement can remain in place, while the property information also identifies potential for redevelopment.
Commercial zoning, 41 parking spaces, and an accessible approach with ramp support practical operation. The site also provides signage opportunities, convenient access and egress, and all city services. The existing two-unit arrangement can remain in place, while the property information also identifies potential for redevelopment.
Key Highlights
- 8,030‑square‑foot single‑level masonry building on 0.6 acres
- Mostly free‑span interior configured as two units with a basement
- 41 parking spaces on a level commercial lot
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
$89,615
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
5.99%
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%
$1,792,300
$1.8M
Cap Rate 7%
$1,280,214
$1.3M
Cap Rate 9%
$995,722
$995.7K
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
$154.2K $19.20/SF
− Vacancy
−$10.8K −$1.34/SF
EGI
$143.4K $17.86/SF
− OpEx
−$53.8K −$6.70/SF
NOI
$89.6K $11.16/SF
Area
Manchester, NH
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
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%
$1,792,300
Cap Rate 7%
$1,280,214
Cap Rate 9%
$995,722
Alternative Uses
Best Use
Mixed Use
$1.28M
$1.12M – $1.49M
NOI $89,615 @ 7.0% cap · market cap 5.99%
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
2
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-unit commercial configuration with basement, city services, signage options, and on-site parking.
Where is this mixed-use property located?
The property is located at 25 S Maple Street 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‑square‑foot single‑level masonry building on 0.6 acres; Mostly free‑span interior configured as two units with a basement; 41 parking spaces on a level commercial lot
