Freestanding Medical Office
For Sale
$485,000
504 High Street, Somersworth, NH 03878
Freestanding medical or professional office building with finished reception, private rooms, and flexible workspace.
Property Size1,719 SF
Price / SF$282.14
Days on Market190
Property Features for 504 High Street
General Information
Standard status
Active
Size
1,719 SF
Property subtype
Commercial
Zoning
RC
Additional Details
Highway Access
Yes
Building Details
Year Built
1970
Listing Agency:
Commercial Realty Advisors, Inc.
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Mar 18
Changed: Sep 21
Last Checked: Sep 22 at 3:09PM
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 Commercial Realty Advisors, Inc.
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 arranged to support client-facing operations. The interior includes a welcoming reception area, multiple private exam rooms or offices, and flexible workspace that can be used for a range of administrative and professional functions.
Located at 504 High Street in Somersworth, the property provides strong street presence along a primary commercial corridor. It is also positioned near major national retailers including Walmart, Target, TJ Maxx, Market Basket, and New Hampshire Liquor & Wine Outlet, with convenient access to Route 16 (Spaulding Turnpike) for clients traveling from the surrounding area.
For a business seeking a stand-alone location with a practical, office-ready layout, 504 High Street offers an established commercial setting and direct accessibility for staff and clients.
Located at 504 High Street in Somersworth, the property provides strong street presence along a primary commercial corridor. It is also positioned near major national retailers including Walmart, Target, TJ Maxx, Market Basket, and New Hampshire Liquor & Wine Outlet, with convenient access to Route 16 (Spaulding Turnpike) for clients traveling from the surrounding area.
For a business seeking a stand-alone location with a practical, office-ready layout, 504 High Street offers an established commercial setting and direct accessibility for staff and clients.
Key Highlights
- Freestanding medical or professional office building at 504 High Street, Somersworth, NH
- Approx. 1,719 SF of finished space with a reception area and flexible workspace
- Includes multiple private exam rooms or offices for professional use
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
4.84%
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 4.84%
Second Best
Healthcare Medical
$332.3K
$290.8K – $387.7K
NOI $23,262 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$459.9K
$402.4K – $536.5K
NOI $32,192 @ 7.0% cap · market cap 6.64%
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical or professional office building with finished reception, private rooms, and flexible workspace.
Where is this medical office space located?
The property is located at 504 High Street Somersworth, NH.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Freestanding medical or professional office building at 504 High Street, Somersworth, NH; Approx. 1,719 SF of finished space with a reception area and flexible workspace; Includes multiple private exam rooms or offices for professional use
