Small Office Condo For
8 Patriot Dr 8 Dover, NH 03820
For Sale
$105,000
Office condominium in mixed-use building near downtown Dover, NH.
Property Size572 SF
Price / SF$183.57
Days on Market95
Property Features for 8 Patriot Dr 8
General Information
- Standard status
- Active
- Size
- 572 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2009
Listing Agency:
Colliers International
(724) 553-8720
Listed By:
Abby Bachman
(724) 553-8720
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:59PM
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 572± square foot office condominium is available for sale. Located on the first floor of a mixed-use building containing six units, the property features a large open area, a kitchenette, and a private bathroom. Two deeded parking spaces are included with the sale. The property is situated just off Exit 7 on Spaulding Turnpike/Route 16, providing convenient access to transportation. It is also located less than 10 minutes from downtown Dover, New Hampshire. The property is currently occupied by the business offices of Mezzanine Catering, which is relocating within Dover, NH.
Key Highlights
- Convenient location off Exit 7 on Spaulding Turnpike/Route 16, near downtown Dover, NH.
- Includes two deeded parking spaces.
- First‑floor location in a small, 6‑unit building.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.0k | $21.00 |
| − Vacancy | −$1.6k | −$2.79 |
| EGI | $10.4k | $18.21 |
| − OpEx | −$2.6k | −$4.55 |
| NOI | $7.8k | $13.66 |
572 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Escape Spa
Hair Salon
FAQs
What type of property is this?
Office units - Office condominium in mixed-use building near downtown Dover, NH.
Where is this office units located?
The property is located at 8 Patriot Dr 8 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: Convenient location off Exit 7 on Spaulding Turnpike/Route 16, near downtown Dover, NH.; Includes **two deeded parking spaces**.; First‑floor location in a small, 6‑unit building.
