Ground-Floor Medical Office
For Sale
$429,900
750 Central Avenue UNIT A & C, Dover, NH 03820
Professional ground-floor space near the hospital in a walkable, bikeable setting.
Property Size2,784 SF
Price / SF$154.42
Days on Market111
Property Features for 750 Central Avenue UNIT A & C
General Information
Standard status
Active
Size
2,784 SF
Zoning
Office
Additional Details
Floor
Ground Floor
Taxes and HOA fees
Annual Taxes
$6,756
Amenities
Fire System, Smoke/Heat Detectors
Accessible Common Area
Central Air
Forced Air
On Site, Paved
Building Details
Building Size
2,784 SF
Year Built
1985
Listing Agency:
Central Falls Realty
(603) 534-2121
Listed By:
Paula Forbes
(603) 534-2121
Source:
Evrealestate
Added: May 13
Changed: Aug 30
Last Checked: Aug 31 at 1:03PM
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 Central Falls Realty
Investment Insights
Based on property information with market context.
This 2,784-square-foot medical office suite occupies the ground floor of a commercial building constructed in 1985. Identified as Units A and C, the property is configured for medical or professional office use and offers a substantial footprint for an established practice or business.
The suite is located at 750 Central Ave in Dover, New Hampshire, steps from the hospital. Its surrounding setting records a Walk Score of 72, described as Very Walkable, and a Bike Score of 57, described as Bikeable. The combination of ground-level access, proximity to the hospital, and documented pedestrian and bicycle connectivity supports a range of professional office applications.
The suite is located at 750 Central Ave in Dover, New Hampshire, steps from the hospital. Its surrounding setting records a Walk Score of 72, described as Very Walkable, and a Bike Score of 57, described as Bikeable. The combination of ground-level access, proximity to the hospital, and documented pedestrian and bicycle connectivity supports a range of professional office applications.
Key Highlights
- 2,784 SF ground‑floor medical office suite
- Units A and C within a commercial building
- Steps from the hospital
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
$38,016
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
8.84%
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%
$760,320
$760.3K
Cap Rate 7%
$543,086
$543.1K
Cap Rate 9%
$422,400
$422.4K
Market Conditions
NOI Build-Up for 2,784 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
$58.5K $21.00/SF
− Vacancy
−$7.8K −$2.79/SF
EGI
$50.7K $18.21/SF
− OpEx
−$12.7K −$4.55/SF
NOI
$38.0K $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%
$760,320
Cap Rate 7%
$543,086
Cap Rate 9%
$422,400
Alternative Uses
Best Use
Office B
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 8.84%
Second Best
Healthcare Medical
$538.2K
$470.9K – $627.9K
NOI $37,674 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$744.8K
$651.7K – $869.0K
NOI $52,137 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
Under-served
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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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional ground-floor space near the hospital in a walkable, bikeable setting.
Where is this medical office space located?
The property is located at 750 Central Avenue UNIT A & C Dover, NH.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 2,784 SF ground‑floor medical office suite; Units A and C within a commercial building; Steps from the hospital
