Historic Office Building with
5 Warren St Concord, NH 03301
For Sale
Contact for pricing
Second-floor professional office space with a finished interior, plus a first-floor restaurant tenant abutting Bicentennial Square Park.
Property Size10,258 SF
Price / SF$258.04
Days on Market182
Property Features for 5 Warren St
General Information
Standard status
Active
Size
10,258 SF
Property subtype
OFFICE
Listing Agency:
Stebbins Commercial Properties LLC
(603) 661-4311
Listed By:
Michael F. Reed · License #001417
(603) 661-4311
Source:
Moodyscre
Added: Jan 29
Changed: Jul 26
Last Checked: Jul 29 at 2:51PM
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 Stebbins Commercial Properties LLC
Investment Insights
Based on property information with market context.
This historic landmark was formerly the City of Concord central police station and is now occupied by a regional tenant. The building includes a beautifully finished professional office space on the second floor.
The first-floor tenant is Uno Loco (Margaritas), and the property abuts Bicentennial Square Park. The current lease term runs through 12/31/31 and includes three (3) and five (5) year options. The owner prefers that the property be sold together with 17A Tatro Drive, Goffstown, NH.
The first-floor tenant is Uno Loco (Margaritas), and the property abuts Bicentennial Square Park. The current lease term runs through 12/31/31 and includes three (3) and five (5) year options. The owner prefers that the property be sold together with 17A Tatro Drive, Goffstown, NH.
Key Highlights
- Second‑floor professional office space with a finished interior
- First‑floor restaurant tenant (Tenant Uno Loco/Margaritas) abutting Bicentennial Square Park
- Occupied by a regional tenant since 1985
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 | $221.6k | $21.60 |
| − Vacancy | −$30.4k | −$2.96 |
| EGI | $191.2k | $18.64 |
| − OpEx | −$47.8k | −$4.66 |
| NOI | $143.4k | $13.98 |
10,258 SF · lease $21.60/SF/yr · vacancy 13.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,413 @ 7.0% cap · market cap 5.42%
Second Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,090 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $186,968 @ 7.0% cap · market cap 7.06%
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 building - Second-floor professional office space with a finished interior, plus a first-floor restaurant tenant abutting Bicentennial Square Park.
Where is this office building located?
The property is located at 5 Warren St Concord, NH.
What is the asking price?
The asking price for this property is $2,647,000.
What are key features of this property?
This property features: Second‑floor professional office space with a finished interior; First‑floor restaurant tenant (Tenant Uno Loco/Margaritas) abutting Bicentennial Square Park; Occupied by a regional tenant since 1985
