Medical Office Building with
438 Gonic Road Rochester, NH 03839
438 Gonic Road, Rochester, NH, 03839
Contact for pricing
For Sale
Contact for pricing
Lighted intersection visibility and existing veterinary/medical fit-up make this property suitable for healthcare or redevelopment.
Property Size2,264 SF
Lot Size1.58 Acres
Price / SF$408.57
Days on Market55
Property Features for 438 Gonic Road
General Information
- Standard status
- Active
- Size
- 2,264 SF
- Lot size
- 1.58 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1970
Listing agency
Colliers - Portsmouth, New Hampshire
Listed by
Andrew Ward · License #NH 067085
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 8:46AM
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 Colliers - Portsmouth, New Hampshire
Investment Insights
Based on property information with market context.
This highly visible medical/office building offers approximately 2,264± SF of space on 1.58± acres. The property is currently fit-up as a veterinary clinic with two waiting areas, lab/tech space, exam rooms, a surgery room, radiology area, office/library, and two restrooms. The existing layout supports a healthcare services user that needs a mix of patient and support spaces.
The building is situated at a lighted intersection with excellent frontage and curb cuts on Route 125/Gonic Road and Rochester Neck Road. The site benefits from straightforward access to the Lakes Region, White Mountains, and the Seacoast. Municipal water and sewer are available along Rochester Neck Road, and municipal water is also available on the west side of Gonic Road.
In addition to its current healthcare use, the property is described as prime for redevelopment. The Highway Commercial District supports retail, quick-service restaurant, car wash, and light industrial uses, which may appeal to buyers evaluating alternative commercial redevelopment options at a high-visibility location with established curb-cut access.
The building is situated at a lighted intersection with excellent frontage and curb cuts on Route 125/Gonic Road and Rochester Neck Road. The site benefits from straightforward access to the Lakes Region, White Mountains, and the Seacoast. Municipal water and sewer are available along Rochester Neck Road, and municipal water is also available on the west side of Gonic Road.
In addition to its current healthcare use, the property is described as prime for redevelopment. The Highway Commercial District supports retail, quick-service restaurant, car wash, and light industrial uses, which may appeal to buyers evaluating alternative commercial redevelopment options at a high-visibility location with established curb-cut access.
Key Highlights
- 2,264± SF medical/office building built in 1970 on 1.58± acres at a lighted intersection
- Excellent frontage with curb cuts on Route 125/Gonic Road and Rochester Neck Road
- Currently fit‑up as a veterinary clinic: 2 waiting areas, lab/tech space, exam rooms, surgery room, radiology, office/library
Local 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 | $47.5k | $21.00 |
| − Vacancy | −$6.3k | −$2.79 |
| EGI | $41.2k | $18.21 |
| − OpEx | −$10.3k | −$4.55 |
| NOI | $30.9k | $13.66 |
2,264 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$441.6K
$386.4K – $515.3K
NOI $30,915 @ 7.0% cap · market cap 3.34%
Second Best
Healthcare Medical
$437.7K
$383.0K – $510.6K
NOI $30,637 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$605.7K
$530.0K – $706.6K
NOI $42,398 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical centers
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Lighted intersection visibility and existing veterinary/medical fit-up make this property suitable for healthcare or redevelopment.
Where is this medical center located?
The property is located at 438 Gonic Road Rochester, NH.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 2,264± SF medical/office building built in 1970 on 1.58± acres at a lighted intersection; Excellent frontage with curb cuts on Route 125/Gonic Road and Rochester Neck Road; Currently fit‑up as a veterinary clinic: 2 waiting areas, lab/tech space, exam rooms, surgery room, radiology, office/library
