Three-Story Office
New
For Sale
$1,495,000
6 School Street, Dover, NH 03820
Downtown offices offer space for occupancy or leasing alongside income from two existing tenants.
Property Size7,941 SF
Price / SF$188.26
Days on Market7
Property Features for 6 School Street
General Information
Standard status
Active
Size
7,941 SF
Total Parking Spaces
14
Property subtype
Commercial
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
The Boulos Company
Listed By:
Katherine Gemmecke · License #75327
(603) 570-2685
Source:
Aultcommercial
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 30 at 1:48PM
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 The Boulos Company
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Investment Insights
Based on property information with market context.
This three-story office property at 6 School Street contains 7,941± SF, including 3,100± SF in Unit 1 that can be leased or occupied by an owner. The available space may also be subdivided. Two existing tenants provide rental income within the building.
The property occupies a corner lot in downtown Dover and has 14 on-site parking spaces. Nearby lots and street parking provide additional parking options, while downtown shops and restaurants are accessible from the property.
The property occupies a corner lot in downtown Dover and has 14 on-site parking spaces. Nearby lots and street parking provide additional parking options, while downtown shops and restaurants are accessible from the property.
Key Highlights
- 3,100± SF in Unit 1 available for lease or owner occupancy, with subdivision potential
- 7,941± SF office building with three stories
- Two existing tenants provide rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,436
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,168,720
$2.2M
Cap Rate 7%
$1,549,086
$1.5M
Cap Rate 9%
$1,204,844
$1.2M
Market Conditions
NOI Build-Up for 7,941 SF
Gross rent
$166.8K $21.00/SF
− Vacancy
−$22.2K −$2.79/SF
EGI
$144.6K $18.21/SF
− OpEx
−$36.1K −$4.55/SF
NOI
$108.4K $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 Rate 5%
$2,168,720
Cap Rate 7%
$1,549,086
Cap Rate 9%
$1,204,844
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,436 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,713 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Downtown offices offer space for occupancy or leasing alongside income from two existing tenants.
Where is this office building located?
The property is located at 6 School Street Dover, NH.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3,100± SF in Unit 1 available for lease or owner occupancy, with subdivision potential; 7,941± SF office building with three stories; Two existing tenants provide rental income
