Small Office Condo For
For Sale
$105,000
8 Patriot Drive, Dover, NH 03820
Office condominium in mixed-use building near downtown Dover, NH.
Property Size572 SF
Price / SF$183.57
Days on Market451
Property Features for 8 Patriot Drive
General Information
Standard status
Active
Size
572 SF
Property subtype
Commercial
Building Details
Year Built
2009
Listing Agency:
Colliers International
Listed By:
Abby Bachman
(603) 206-9644
Source:
Killingtonpicorealty
Added: Aug 2, 2025
Changed: Oct 26
Last Checked: Oct 24 at 9:08PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$7,811
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
189
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office condominium in mixed-use building near downtown Dover, NH.
Where is this office unit located?
The property is located at 8 Patriot Drive 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.
