Building Details

Year Built 1880

Buildings 1

Listing Agency: Duston Leddy Real Estate

Listed By: Roger Howe Show Phone

Source: Lyvrealty

Added: Aug 5 Changed: Oct 13 Last Checked: Oct 7 at 1:43PM

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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 Duston Leddy Real Estate

Investment Insights

Based on property information with market context.

This standalone office building offers 2,034 square feet of workspace arranged with four private offices, a reception area, and additional office areas that support varied professional configurations. The property was built in 1880 and is being sold fully furnished. A dry basement and attached storage room provide additional utility for files, equipment, or supplies.

Located at 391 W Main St in Tilton, the property includes municipal water and sewer connections, heating, electrical service, and underground utilities. Wide curb cuts provide access to Route 3, while on-site parking accommodates staff and visitors. The property also offers direct connections to I-93 for regional travel.

Key Highlights

• 2,034 SF standalone office building in Tilton, NH
• Four dedicated private offices plus reception and additional office areas
• Built in 1880 and offered fully furnished

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,981

Cap Rate

3.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$539,620 $539.6K

Cap Rate 7%

$385,443 $385.4K

Cap Rate 9%

$299,789 $299.8K

Market Conditions

NOI Build-Up for 2,034 SF

Gross rent

$41.5K $20.40/SF

− Vacancy

−$5.5K −$2.71/SF

EGI

$36.0K $17.69/SF

− OpEx

−$9.0K −$4.42/SF

NOI

$27.0K $13.27/SF

Area

Belknap County, NH

Vacancy

13.30%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$539,620

Cap Rate 7%

$385,443

Cap Rate 9%

$299,789

Alternative Uses

Best Use

Office B

$385.4K

$337.3K – $449.7K (±1% cap)

NOI $26,981 @ 7.0% cap · market cap 3.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$483.7K

$423.2K – $564.3K (±1% cap)

NOI $33,859 @ 7.0% cap · market cap 4.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Foy Insurance, A Division ... Insurance Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Cafe & Coffee Shop Real Estate Agency Computer & Electronic Repair Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

224

Businesses Nearby

Explore this area Business Placement

Demographics for 03276, NH

8,766

Population

3,984

Households

2.2

Avg Household Size

44

Median Age

26%

College-Educated

91%

High-School Grad

39.3 sq mi

ZIP Area

223

Density / Sq Mi

$79,270

Median Household Income

$47,810

Median Earnings

$1,024

Median Rent

$245,500

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Furnished office property with private workrooms, reception space, on-site storage, parking, and municipal water and sewer.

Where is this office building located?

The property is located at 391 W Main St Tilton, NH.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: 2,034 SF standalone office building in Tilton, NH; Four dedicated private offices plus reception and additional office areas; Built in 1880 and offered fully furnished