Three-Story Office
For Sale
Contact for pricing
26 Londonderry Turnpike, Hooksett, NH 03106
Three-story, ADA-compliant office building with elevator service, reception areas, and a climate-controlled server room.
Property Size12,207 SF
Price / SF$159.74
Days on Market94
Property Features for 26 Londonderry Turnpike
General Information
Standard status
Active
Size
12,207 SF
Elevators
Yes
Property subtype
OFFICE
Amenities
dedicated training room
storage space
climate-controlled server room
Kohler backup generator
kitchenettes
reception and waiting area
large conference room
Building Details
Buildings
1
Building Size
12,207 SF
Listing Agency:
Sperry - Commercial Realty Associates
(603) 289-1405
Listed By:
Joshua Solloway · License ##074414
(603) 289-1405
Source:
Moodyscre
Added: May 12
Changed: Aug 11
Last Checked: Aug 11 at 3:59PM
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 Sperry - Commercial Realty Associates
Investment Insights
Based on property information with market context.
26 Londonderry Turnpike is a three-story, ADA-compliant office building designed to support a range of professional office operations and corporate headquarters functions. The property contains approximately 12,207± finished square feet, including 1,878± SF in a partially finished lower level, 3,756± SF across the first and second floors, and 2,817± SF on the third floor.
Internally, the building is served by an elevator and two separate stairwells for efficient internal circulation. Space planning includes executive offices, collaborative workspace, and client-facing areas, complemented by a welcoming reception and waiting area, a large conference room, and a dedicated training room. Additional amenities include ample storage within the lower level, kitchenettes on each floor, a climate-controlled server room, and a Kohler backup generator.
The layout also includes approximately 19 private offices, with additional open areas suitable for cubicle workstation use and collaborative team environments.
Internally, the building is served by an elevator and two separate stairwells for efficient internal circulation. Space planning includes executive offices, collaborative workspace, and client-facing areas, complemented by a welcoming reception and waiting area, a large conference room, and a dedicated training room. Additional amenities include ample storage within the lower level, kitchenettes on each floor, a climate-controlled server room, and a Kohler backup generator.
The layout also includes approximately 19 private offices, with additional open areas suitable for cubicle workstation use and collaborative team environments.
Key Highlights
- Approximately 12,207± finished SF across three floors plus partially finished lower level
- ADA‑compliant with elevator service and two separate stairwells
- Climate‑controlled server room and Kohler backup generator
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
$170,661
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
8.75%
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%
$3,413,220
$3.4M
Cap Rate 7%
$2,438,014
$2.4M
Cap Rate 9%
$1,896,233
$1.9M
Market Conditions
NOI Build-Up for 12,207 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
$263.7K $21.60/SF
− Vacancy
−$36.1K −$2.96/SF
EGI
$227.5K $18.64/SF
− OpEx
−$56.9K −$4.66/SF
NOI
$170.7K $13.98/SF
Area
Merrimack County, NH
Vacancy
13.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,413,220
Cap Rate 7%
$2,438,014
Cap Rate 9%
$1,896,233
Alternative Uses
Best Use
Office B
$2.44M
$2.13M – $2.84M
NOI $170,661 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,492 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 03106, NH
14,799
Population
5,679
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
36.0 sq mi
ZIP Area
411
Density / Sq Mi
$107,137
Median Household Income
$49,950
Median Earnings
$1,638
Median Rent
$371,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story, ADA-compliant office building with elevator service, reception areas, and a climate-controlled server room.
Where is this office building located?
The property is located at 26 Londonderry Turnpike Hooksett, NH.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Approximately 12,207± finished SF across three floors plus partially finished lower level; ADA‑compliant with elevator service and two separate stairwells; Climate‑controlled server room and Kohler backup generator
