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    Free-Span Office Suite Title is generated by Realmo AI

    401 Gilford Ave 203, Gilford, NH 03249

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    For Lease
    $14 SF/Yr $1,775/Mo (calc)

    Move-in office suite with free-span open area that can be partitioned for your workflow.

    Type:Commercial
    Property size:
    1,522 SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 2:13 am

    Property Features for 401 Gilford Ave 203

    General Information

    Standard status
    Active
    Size
    1,522 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Ernest Millette
    Ernest Millette

    Listing agent Ernest Millette

    Listing office

    Listing date Jun 1, 2026

    Source Elliman

    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 Ernest Millette

    HighLights

    • Move‑in office suite featuring a 1,522 SF free‑span open area that can be utilized as‑is or reconfigured with cubicle partitions
    • Direct access off Rt. 11, with visibility from the by‑pass and from 2135 ft of frontage on Rt. 11A
    • High traffic exposure: Gilford Ave sees 6,500 cars per day, and the by‑pass sees 7,600 cars per day
    • Recently received a face lift and is described as a well maintained interior in move‑in condition
    • Built in 1988
    • BikeScore 39 (Somewhat Bikeable) and walkScore 54 (Somewhat Walkable)

    Overview

    Suite 203 at Gilford Professional Park offers approximately 1,522 sq. ft. of free-span, open office area. The space can be utilized as-is for an open layout or reconfigured with cubicle partitions depending on how you want to set up workstations. The unit is described as well maintained and in move-in condition, and the property recently received a facelift.

    Located at 401 Gilford Avenue in Gilford, NH, the building has direct access off Rt. 11 and visibility from the by-pass. The listing also notes direct exposure from 2,135 feet of frontage on Rt. 11A, supported by reported traffic of 6,500 cars per day on Gilford Ave and 7,600 cars per day on the by-pass. The park is already home to medical and professional service providers.

    This configuration is well suited for office users who value flexibility and a straightforward move-in process. The space can support both open-plan operations and partitioned office layouts, with no waiting called out in the listing. If you are looking to establish or expand a professional presence, this suite provides an adaptable interior within a maintained office environment that is actively serving business tenants.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Nail Salon Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilford
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.4388031
    Latitude
    43.5302752

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    FAQs

    What type of property is this?
    Office units - Move-in office suite with free-span open area that can be partitioned for your workflow.
    Where is this office units located?
    The property is located at 401 Gilford Ave 203 Gilford, NH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Move‑in office suite featuring a 1,522 SF free‑span open area that can be utilized as‑is or reconfigured with cubicle partitions; Direct access off Rt. 11, with visibility from the by‑pass and from 2135 ft of frontage on Rt. 11A; High traffic exposure: Gilford Ave sees 6,500 cars per day, and the by‑pass sees 7,600 cars per day
    (603) 527-1111
    We can help!
    Listing Contact
    Ernest Millette
    Ernest Millette
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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