Freestanding Medical Office
For Sale
$499,000
504 High Street, Somersworth, NH 03878
Commercial Sale, Somersworth, NH
Property Size1,719 SF
Lot Size0.20 Acres
Price / SF$290.29
Days on Market158
Property Features for 504 High Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
Rooms
Basement
Parking features
Off Street, Driveway
Standard status
Active
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7259
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Oil
Water source
Public
Building Details
Year built
1970
Building materials
Wood Frame, Aluminum Siding
Roof type
Shingle
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover · Keller Williams Realty
(603) 969-6632
Listed By:
Darlene Colwell-Ellis · License #042783
(603) 610-8500
Added: Mar 18
Changed: Aug 20
Last Checked: Aug 22 at 4:06PM
MLS# 5079710
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 1,719 square feet of finished space within a 1970 wood-frame building with aluminum siding. The interior includes a reception area, multiple private rooms suitable for exam or office use, flexible workspace, and a basement. Forced-air oil heat, a shingle roof, public water, public sewer, and cable availability are documented. Parking is provided through an off-street area and driveway, while the 0.2-acre parcel supports the existing improvement.
Located at 504 High Street in Somersworth, the property is positioned near Walmart, Target, TJ Maxx, Market Basket, and New Hampshire Liquor & Wine Outlet. Route 16, also known as the Spaulding Turnpike, provides access toward Dover, Rochester, and the broader Seacoast area. The RC zoning designation and existing professional-office configuration support consideration by medical, administrative, and other office users identified for the property.
Located at 504 High Street in Somersworth, the property is positioned near Walmart, Target, TJ Maxx, Market Basket, and New Hampshire Liquor & Wine Outlet. Route 16, also known as the Spaulding Turnpike, provides access toward Dover, Rochester, and the broader Seacoast area. The RC zoning designation and existing professional-office configuration support consideration by medical, administrative, and other office users identified for the property.
Key Highlights
- Approximately 1,719 square feet of finished space on a 0.2‑acre parcel
- 1970 wood‑frame building with aluminum siding and a shingle roof
- Reception area, multiple private rooms, flexible workspace, and basement
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
Property Profile
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - RC-zoned property with reception, private rooms, and off-street parking near Route 16.
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 $499,000.
What are key features of this property?
This property features: Approximately 1,719 square feet of finished space on a 0.2‑acre parcel; 1970 wood‑frame building with aluminum siding and a shingle roof; Reception area, multiple private rooms, flexible workspace, and basement
