First-Floor Office
For Sale
$105,000
8-8 Patriot Dr, Dover, NH
Open office configuration with a kitchenette, private bathroom, and deeded parking included.
Property Size572 SF
Price / SF$183.57
Days on Market256
Property Features for 8-8 Patriot Dr
General Information
Standard status
Active
Size
572 SF
Total Parking Spaces
2
Additional Details
Floor
1
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,617
Building Details
Buildings
1
Listing Agency:
Colliers International
(604) 681-4111
Listed By:
Abby Bachman
(603) 433-7100
Source:
Exprealty
Added: Dec 24, 2025
Changed: Sep 2
Last Checked: Sep 5 at 11:24AM
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 Colliers International
Investment Insights
Based on property information with market context.
This first-floor office condominium offers 572± SF within a mixed-use building containing six units. The interior is arranged around a substantial open workspace and includes a kitchenette and private bathroom. Two deeded parking spaces are included with the sale.
The property is located at 8-8 Patriot Dr in Dover, NH, just off Exit 7 on Spaulding Turnpike/Route 16. Downtown Dover is less than 10 minutes away. The space is currently used for business offices, with the existing occupant planning to relocate within Dover.
The property is located at 8-8 Patriot Dr in Dover, NH, just off Exit 7 on Spaulding Turnpike/Route 16. Downtown Dover is less than 10 minutes away. The space is currently used for business offices, with the existing occupant planning to relocate within Dover.
Key Highlights
- 572± SF first‑floor office condominium
- Large open workspace with kitchenette and private bathroom
- Two deeded parking spaces included
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
$7,811
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
7.44%
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%
$156,220
$156.2K
Cap Rate 7%
$111,586
$111.6K
Cap Rate 9%
$86,789
$86.8K
Market Conditions
NOI Build-Up for 572 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
$12.0K $21.00/SF
− Vacancy
−$1.6K −$2.79/SF
EGI
$10.4K $18.21/SF
− OpEx
−$2.6K −$4.55/SF
NOI
$7.8K $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%
$156,220
Cap Rate 7%
$111,586
Cap Rate 9%
$86,789
Alternative Uses
Best Use
Office B
$111.6K
$97.6K – $130.2K
NOI $7,811 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$153.0K
$133.9K – $178.5K
NOI $10,712 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Open office configuration with a kitchenette, private bathroom, and deeded parking included.
Where is this office units located?
The property is located at 8-8 Patriot Dr Dover, NH.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: 572± SF first‑floor office condominium; Large open workspace with kitchenette and private bathroom; Two deeded parking spaces included
