Flexible Office Building with Conference
For Sale
$795,000
572 Tenney Mountain Hwy, Plymouth, NH 03264
Updated systems, dedicated conference rooms, and flexible space that can be used as one unit or divided into two.
Property Size3,500 SF
Lot Size0.59 Acres
Price / SF$227.14
Days on Market180
Property Features for 572 Tenney Mountain Hwy
General Information
Standard status
Active
Size
3,500 SF
Total Parking Spaces
12
Lot size
0.59 Acres
Site & Location
Traffic Count
18,000 vehicles/day
Road Access
Yes
Additional Details
Office Units
8
Building Details
Year Built
1870
Year Renovated
2020
Listing Agency:
Old Mill Properties REALTORS
Listed By:
Lorna Platts Sirois · License #067572
(603) 630-6481
Source:
Lyvrealty
Added: Apr 27
Changed: Oct 12
Last Checked: Oct 7 at 3:35PM
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 Old Mill Properties REALTORS
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Investment Insights
Based on property information with market context.
This meticulously maintained office building offers a flexible layout with a reception area, waiting room, work area, break room, eight offices, and two conference rooms. The building includes three bathrooms and is supported by updated systems, including roof, boiler, and air conditioning within the last five years. A new addition completed in 2020 adds office space, a conference room, and handicap bath and accessibility features.
The property is located on a major East/West corridor with excellent visibility and access from two roads. It sits on 0.59 acres and includes 12 permitted paved parking spaces. The offering includes functional office furnishings and some office equipment, with fiber optic internet and a phone system throughout, along with an alarm and surveillance system.
The space is configured to operate as a single unit or be divided into two spaces, supporting adaptable tenant or user needs.
The property is located on a major East/West corridor with excellent visibility and access from two roads. It sits on 0.59 acres and includes 12 permitted paved parking spaces. The offering includes functional office furnishings and some office equipment, with fiber optic internet and a phone system throughout, along with an alarm and surveillance system.
The space is configured to operate as a single unit or be divided into two spaces, supporting adaptable tenant or user needs.
Key Highlights
- Office building built in 1870 on 0.59 acres with access from two roads and traffic count of 18,000+ cars per day.
- 12 permitted paved parking spaces for office use.
- Updated roof, boiler, and air conditioning within the last 5 years.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,331
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,620
$846.6K
Cap Rate 7%
$604,729
$604.7K
Cap Rate 9%
$470,344
$470.3K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$65.1K $18.60/SF
− Vacancy
−$8.7K −$2.47/SF
EGI
$56.4K $16.13/SF
− OpEx
−$14.1K −$4.03/SF
NOI
$42.3K $12.09/SF
Area
Grafton County, NH
Vacancy
13.30%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,620
Cap Rate 7%
$604,729
Cap Rate 9%
$470,344
Alternative Uses
Best Use
Office B
$604.7K
$529.1K – $705.5K
NOI $42,331 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.9K
$673.7K – $898.2K
NOI $53,893 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Office units
18,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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Business Placement
Demographics for 03264, NH
7,054
Population
2,720
Households
2.6
Avg Household Size
28
Median Age
50%
College-Educated
97%
High-School Grad
36.5 sq mi
ZIP Area
193
Density / Sq Mi
$75,600
Median Household Income
$28,856
Median Earnings
$1,178
Median Rent
$273,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Updated systems, dedicated conference rooms, and flexible space that can be used as one unit or divided into two.
Where is this office building located?
The property is located at 572 Tenney Mountain Hwy Plymouth, NH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Office building built in 1870 on 0.59 acres with access from two roads and traffic count of 18,000+ cars per day.; 12 permitted paved parking spaces for office use.; Updated roof, boiler, and air conditioning within the last 5 years.
