Four-Building Office
For Sale
Contact for pricing
504-510 SOUTH STREET BOW NH 03304, Bow, NH 03304
Four office buildings and two garages occupy a substantial tract with BMM zoning and direct access to regional highways.
Property Size13,850 SF
Lot Size22.00 Acres
Price / SF$360.65
Days on Market12
Property Features for 504-510 SOUTH STREET BOW NH 03304
General Information
Standard status
Active
Size
13,850 SF
Lot size
22.00 Acres
Property subtype
Office
Zoning
Bow Mills Mixed (BMM)
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
office
Building Details
Buildings
4
Listing Agency:
Colliers - Manchester, New Hampshire
(603) 232-8282
Listed By:
Doug Martin · License #NH 065638
Source:
Crexi
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 10 at 12:56PM
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 - Manchester, New Hampshire
Investment Insights
Based on property information with market context.
This office property comprises four buildings and two garages totaling 13,850± SF on more than 22.0± acres. The sizeable configuration combines existing office improvements with land that may support future expansion or redevelopment, subject to applicable approvals. Bow Mills Mixed (BMM) zoning allows a range of uses identified in the source, including R&D, residential, medical, hotel, bank, and office applications.
The property fronts South Street at the Bow/Concord town line and offers immediate access to I-89 and I-93. Its location provides connectivity to Concord and surrounding regional business centers. The combination of multiple office buildings, accessory garages, extensive acreage, and flexible zoning creates a property with several potential repositioning paths for an owner-user, investor, or developer.
The property fronts South Street at the Bow/Concord town line and offers immediate access to I-89 and I-93. Its location provides connectivity to Concord and surrounding regional business centers. The combination of multiple office buildings, accessory garages, extensive acreage, and flexible zoning creates a property with several potential repositioning paths for an owner-user, investor, or developer.
Key Highlights
- Four office buildings and two garages totaling 13,850± SF
- More than 22.0± acres included with the office property
- Bow Mills Mixed (BMM) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$193,631
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,872,620
$3.9M
Cap Rate 7%
$2,766,157
$2.8M
Cap Rate 9%
$2,151,456
$2.2M
Market Conditions
NOI Build-Up for 13,850 SF
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.
Gross rent
$299.2K $21.60/SF
− Vacancy
−$41.0K −$2.96/SF
EGI
$258.2K $18.64/SF
− OpEx
−$64.5K −$4.66/SF
NOI
$193.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,872,620
Cap Rate 7%
$2,766,157
Cap Rate 9%
$2,151,456
Alternative Uses
Best Use
Office B
$2.77M
$2.42M – $3.23M
NOI $193,631 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,438 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 03304, NH
8,229
Population
2,906
Households
2.8
Avg Household Size
43
Median Age
61%
College-Educated
98%
High-School Grad
28.2 sq mi
ZIP Area
292
Density / Sq Mi
$161,482
Median Household Income
$72,356
Median Earnings
$1,465
Median Rent
$443,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Four office buildings and two garages occupy a substantial tract with BMM zoning and direct access to regional highways.
Where is this office building located?
The property is located at 504-510 SOUTH STREET BOW NH 03304 Bow, NH.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Four office buildings and two garages totaling 13,850± SF; More than 22.0± acres included with the office property; Bow Mills Mixed (BMM) zoning
