Top-Floor Medical Office
New
For Sale
$850,000
51 WEBB PLACE, Dover, NH 03820
Commercial Sale, Dover, NH
Property Size2,367 SF
Price / SF$359.10
Days on Market2
Property Features for 51 WEBB PLACE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-Commercial
Accessibility
Accessible Approach with Ramp
Subdivision
Royal Commons
Directions
From Central Ave in Dover, turn onto Webb Place, which is in between Chase Bank & Eastern Bank. Turn left at the stop sign and 51 Webb Place (Royal Commons) will be on your right. Unit is top floor - Suite 310
Standard status
Active
Size
1 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9423
Utilities
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Listing Agency:
Duston Leddy Real Estate
(603) 610-8285
Listed By:
Peter Montesanto · License #52973
(603) 661-8127
Added: Sep 1
Last Checked: Sep 2 at 2:06PM
MLS# 5107749
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 2,367+/- square-foot, top-floor medical office condominium at 51 Webb Place was constructed in 2004 for professional use. The layout includes perimeter offices with natural light, a reception and waiting area, a rehab or exercise room, full kitchen, dedicated IT room, and central air conditioning. An accessible approach with ramp and elevator access support convenient entry.
The condominium is located in Dover near Route 16 and Wentworth-Douglass Hospital. Other suites in the property are occupied by medical and professional users, creating an established office setting. Public water service is available, and the property is zoned C-Commercial.
The condominium is located in Dover near Route 16 and Wentworth-Douglass Hospital. Other suites in the property are occupied by medical and professional users, creating an established office setting. Public water service is available, and the property is zoned C-Commercial.
Key Highlights
- 2,367+/- square feet of top‑floor medical office space
- Built in 2004 for professional use
- Perimeter offices, reception and waiting areas, and rehab/exercise space
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
$32,322
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
3.80%
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%
$646,440
$646.4K
Cap Rate 7%
$461,743
$461.7K
Cap Rate 9%
$359,133
$359.1K
Market Conditions
NOI Build-Up for 2,367 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
$49.7K $21.00/SF
− Vacancy
−$6.6K −$2.79/SF
EGI
$43.1K $18.21/SF
− OpEx
−$10.8K −$4.55/SF
NOI
$32.3K $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%
$646,440
Cap Rate 7%
$461,743
Cap Rate 9%
$359,133
Alternative Uses
Best Use
Office B
$461.7K
$404.0K – $538.7K
NOI $32,322 @ 7.0% cap · market cap 3.80%
Second Best
Healthcare Medical
$457.6K
$400.4K – $533.9K
NOI $32,031 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$633.2K
$554.1K – $738.8K
NOI $44,327 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03820, NH
32,800
Population
15,460
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
1,201
Density / Sq Mi
$92,793
Median Household Income
$53,890
Median Earnings
$1,540
Median Rent
$397,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- New England Equine Medical & Surgical center — 15 Members Way, Dover, NH 03820
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professionally built office condo with natural light, patient areas, kitchen, IT room, elevator access, and central air.
Where is this medical office space located?
The property is located at 51 WEBB PLACE Dover, NH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,367+/- square feet of top‑floor medical office space; Built in 2004 for professional use; Perimeter offices, reception and waiting areas, and rehab/exercise space
