Building Details

Year Built 1979

Buildings 1

Building Size 8,000 SF

Listing Agency: Coldwell Banker Realty Gilford NH

Listed By: Reed Heath Show Phone

Source: Carolslocum

Added: Aug 3 Changed: Oct 8 Last Checked: Oct 7 at 1:40PM

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Investment Insights

Based on property information with market context.

This standalone office building was constructed in 1979 after being separated from a professional office condominium cluster. The property is not subject to association fees and offers flexible commercial space that can support an owner’s headquarters or leasing strategy. The building is available for lease in part or in its entirety, creating options for different occupancy plans.

Located in Allenstown, New Hampshire, the property sits near two major north-south corridors and is positioned for access within the state. Preliminary discussions with the town have included a possible residential use conversion, subject to formal plans and approvals. The existing business is offered separately.

Key Highlights

• Standalone office building separated from a former professional office condominium cluster
• No association fees
• Flexible office configuration for owner occupancy or lease space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,248

Cap Rate

8.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,984,960 $2.0M

Cap Rate 7%

$1,417,829 $1.4M

Cap Rate 9%

$1,102,756 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,099 SF

Gross rent

$153.3K $21.60/SF

− Vacancy

−$21.0K −$2.96/SF

EGI

$132.3K $18.64/SF

− OpEx

−$33.1K −$4.66/SF

NOI

$99.2K $13.98/SF

Area

Merrimack County, NH

Vacancy

13.70%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,984,960

Cap Rate 7%

$1,417,829

Cap Rate 9%

$1,102,756

Alternative Uses

Best Use

Office B

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,248 @ 7.0% cap · market cap 8.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.85M

$1.62M – $2.16M (±1% cap)

NOI $129,390 @ 7.0% cap · market cap 10.78%

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

Property Analytics

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Current Use

Gerard J. Hevern, ... Pediatrician Chandra Lee Anguiano Physician Chandra Anguiano Physician Elliot Family Health ... Medical Clinic Boyd Tamanaha, MD Pediatrician

Suggested Use

Top Pick Law Firm Auto Parts Store Building Supply Big Box & Wholesale Store HVAC Service Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

156

Businesses Nearby

Explore this area Business Placement

Demographics for 03275, NH

11,946

Population

4,739

Households

2.5

Avg Household Size

42

Median Age

25%

College-Educated

91%

High-School Grad

43.0 sq mi

ZIP Area

278

Density / Sq Mi

$84,776

Median Household Income

$43,850

Median Earnings

$1,258

Median Rent

$309,400

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

Frequently Asked Questions

What type of property is this?

Office building - Flexible commercial workspace available for owner occupancy or leasing in part or as a whole.

Where is this office building located?

The property is located at 50 Pinewood Rd Allenstown, NH.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Standalone office building separated from a former professional office condominium cluster; No association fees; Flexible office configuration for owner occupancy or lease space