Freestanding Medical Office
For Sale
Contact for pricing
504 High St, Somersworth, NH 03878
Freestanding office building with a reception area, multiple private exam rooms or offices, and finished workspace on High Street.
Property Size1,719 SF
Price / SF$290.29
Days on Market178
Property Features for 504 High St
General Information
Standard status
Active
Size
1,719 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
KW Coastal Realty
(603) 610-8500
Listed By:
Darlene Colwell-Ellis · License #042783
(603) 969-6632
Source:
Moodyscre
Added: Mar 18
Changed: Sep 10
Last Checked: Sep 10 at 11:55AM
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 KW Coastal Realty
Investment Insights
Based on property information with market context.
This freestanding medical or professional office building offers approximately 1,719 square feet of finished space. The interior includes a welcoming reception area along with multiple private exam rooms or offices, plus additional flexible workspace that can support a range of administrative and professional uses.
The property is located at 504 High Street in Somersworth, New Hampshire, and benefits from strong street presence within an established retail and service corridor. It is positioned for convenient access to Route 16 (Spaulding Turnpike), connecting to nearby communities including Dover and Rochester.
Nearby retail includes major national tenants such as Walmart, Target, TJ Maxx, Market Basket, and New Hampshire Liquor & Wine Outlet, supporting the property’s day-to-day visibility and accessibility for staff and clients.
The property is located at 504 High Street in Somersworth, New Hampshire, and benefits from strong street presence within an established retail and service corridor. It is positioned for convenient access to Route 16 (Spaulding Turnpike), connecting to nearby communities including Dover and Rochester.
Nearby retail includes major national tenants such as Walmart, Target, TJ Maxx, Market Basket, and New Hampshire Liquor & Wine Outlet, supporting the property’s day-to-day visibility and accessibility for staff and clients.
Key Highlights
- Freestanding medical or professional office building at 504 High Street in Somersworth, NH
- Approximately 1,719 SF of finished space with a reception area
- Includes multiple private exam rooms or offices plus flexible workspace
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
$23,473
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
4.70%
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%
$469,460
$469.5K
Cap Rate 7%
$335,329
$335.3K
Cap Rate 9%
$260,811
$260.8K
Market Conditions
NOI Build-Up for 1,719 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
$36.1K $21.00/SF
− Vacancy
−$4.8K −$2.79/SF
EGI
$31.3K $18.21/SF
− OpEx
−$7.8K −$4.55/SF
NOI
$23.5K $13.66/SF
Area
Strafford County, NH
Vacancy
13.30%
Lease Rate
$21.00 /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%
$469,460
Cap Rate 7%
$335,329
Cap Rate 9%
$260,811
Alternative Uses
Best Use
Office B
$335.3K
$293.4K – $391.2K
NOI $23,473 @ 7.0% cap · market cap 4.70%
Second Best
Healthcare Medical
$332.3K
$290.8K – $387.7K
NOI $23,262 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$459.9K
$402.4K – $536.5K
NOI $32,192 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03878, NH
11,919
Population
5,722
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
95%
High-School Grad
9.8 sq mi
ZIP Area
1,216
Density / Sq Mi
$79,691
Median Household Income
$47,638
Median Earnings
$1,410
Median Rent
$295,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Petco Vaccination Clinic — 877 Central Ave, Dover, NH 03820
- PetWellClinic - Somersworth — 10 Andrews Rd, Somersworth, NH 03878
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding office building with a reception area, multiple private exam rooms or offices, and finished workspace on High Street.
Where is this medical office space located?
The property is located at 504 High St Somersworth, NH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Freestanding medical or professional office building at 504 High Street in Somersworth, NH; Approximately 1,719 SF of finished space with a reception area; Includes multiple private exam rooms or offices plus flexible workspace
