Multi-Unit Office
For Sale
Contact for pricing
827 Central Ave, Dover, NH 03820
Five office rental units totaling 7,511 SF on Central Ave near Hannaford's Plaza.
Property Size7,511 SF
Price / SF$219.68
Days on Market811
Property Features for 827 Central Ave
General Information
Standard status
Active
Size
7,511 SF
Property subtype
EXECUTIVE_SUITES
Additional Details
Office Units
5
Building Details
Tenancy
Multi
Listing Agency:
eXp Realty
(617) 259-0810
Listed By:
Bill Riffert
(617) 259-0810
Source:
Moodyscre
Added: Jun 7, 2024
Changed: Aug 8
Last Checked: Aug 25 at 10:11AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This for-sale commercial office building consists of five rental units designed to support a range of business needs. Unit sizes include approximately 700+/- square feet and 1,400+/- square feet, offering flexibility in configuration across the property.
Located at 827 Central Ave in Dover, NH, the building is positioned adjacent to Hannaford's Plaza. It is also situated at a signalized intersection, supporting straightforward access and prominent visibility for tenants and customers.
Located at 827 Central Ave in Dover, NH, the building is positioned adjacent to Hannaford's Plaza. It is also situated at a signalized intersection, supporting straightforward access and prominent visibility for tenants and customers.
Key Highlights
- Five office rental units totaling 7,511 SF on Central Ave in Dover
- Unit sizes range from 700+/- SF to 1,400+/- SF for tenant flexibility
- Located adjacent to Hannaford's Plaza shopping center
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
$102,565
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
6.22%
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%
$2,051,300
$2.1M
Cap Rate 7%
$1,465,214
$1.5M
Cap Rate 9%
$1,139,611
$1.1M
Market Conditions
NOI Build-Up for 7,511 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
$157.7K $21.00/SF
− Vacancy
−$21.0K −$2.79/SF
EGI
$136.8K $18.21/SF
− OpEx
−$34.2K −$4.55/SF
NOI
$102.6K $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%
$2,051,300
Cap Rate 7%
$1,465,214
Cap Rate 9%
$1,139,611
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,565 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,660 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
993
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Five office rental units totaling 7,511 SF on Central Ave near Hannaford's Plaza.
Where is this office building located?
The property is located at 827 Central Ave Dover, NH.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Five office rental units totaling 7,511 SF on Central Ave in Dover; Unit sizes range from 700+/- SF to 1,400+/- SF for tenant flexibility; Located adjacent to Hannaford's Plaza shopping center
