Leased Office Condominium
4 Crescent St Concord, NH 03303
For Sale
Contact for pricing
Turnkey 4,273± SF office condominium unit is fully leased through December 31, 2033.
Property Size4,273 SF
Price / SF$269.13
Days on Market150
Property Features for 4 Crescent St
General Information
Standard status
Active
Size
4,273 SF
Property subtype
OFFICE
Listing Agency:
Harrington & Company
(603) 785-8601
Listed By:
Mike Harrington, CRE, CCIM · License #004130
(603) 785-8601
Source:
Moodyscre
Added: Mar 2
Changed: Jul 25
Last Checked: Jul 29 at 1:45PM
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 Harrington & Company
Investment Insights
Based on property information with market context.
4 Crescent Street, Unit 2 is a 4,273± square foot professional office condominium that is fully leased to Warren Street Architects through December 31, 2033. The suite was fully renovated in 2023 with a contemporary layout that includes a glass-walled conference room and private offices, along with modern finishes.
The property is located at 4 Crescent Street in Penacook, NH, with convenient access to Concord and surrounding markets.
Additional improvements include energy-efficient solar panels on the roof that service the unit and its HVAC systems. The offering is positioned as a low-maintenance, long-term leased investment opportunity.
The property is located at 4 Crescent Street in Penacook, NH, with convenient access to Concord and surrounding markets.
Additional improvements include energy-efficient solar panels on the roof that service the unit and its HVAC systems. The offering is positioned as a low-maintenance, long-term leased investment opportunity.
Key Highlights
- 4,273± SF professional office condominium (Unit 2) fully leased to Warren Street Architects
- Tenant lease runs through December 31, 2033
- Renovated in 2023 with contemporary glass‑walled conference room, private offices, modern finishes, and efficient open layout
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.3k | $21.60 |
| − Vacancy | −$12.6k | −$2.96 |
| EGI | $79.7k | $18.64 |
| − OpEx | −$19.9k | −$4.66 |
| NOI | $59.7k | $13.98 |
4,273 SF · lease $21.60/SF/yr · vacancy 13.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$853.4K
$746.7K – $995.7K
NOI $59,739 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$973.5K – $1.30M
NOI $77,882 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Turnkey 4,273± SF office condominium unit is fully leased through December 31, 2033.
Where is this office units located?
The property is located at 4 Crescent St Concord, NH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,273± SF professional office condominium (Unit 2) fully leased to Warren Street Architects; Tenant lease runs through December 31, 2033; Renovated in 2023 with contemporary glass‑walled conference room, private offices, modern finishes, and efficient open layout
