Office and Medical
87 Washington St Conway, NH 03818
For Sale
Contact for pricing
Well-maintained building with multiple offices and conference space, serviced by town water and sewer, suited for office or medical use.
Property Size4,600 SF
Price / SF$103.26
Days on Market87
Property Features for 87 Washington St
General Information
- Standard status
- Active
- Size
- 4,600 SF
- Property subtype
- OFFICE
Listing Agency:
Badger Peabody & Smith Realty
(603) 616-9443
Listed By:
Andrew Smith · License #73972
(603) 616-9443
Source:
Moodyscre
Added: Apr 30
Changed: Jul 10
Last Checked: Jul 21 at 3:57AM
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 Badger Peabody & Smith Realty
Investment Insights
Based on property information with market context.
This 4,600 sq ft commercial building is currently configured as an office administration space, featuring 15+ separate offices and several conference rooms for meetings and collaboration. The exterior has been well maintained over the years, including newer vinyl siding, and an approximately 8-year-old roof. Serviced by town water and sewer, the property supports a range of professional and service-oriented uses.
The building is located just off Main Street in Conway Village, with immediate access to Route 16. North Conway Village is minutes to the north, and the Saco River is just steps away.
With its established office layout, the property is a practical fit for organizations seeking continued office use or a medical office setup that benefits from multiple private rooms and dedicated meeting space. While the building’s current use is office-based, the services provided and the maintained exterior may also appeal to buyers evaluating potential repositioning options, subject to applicable requirements.
The building is located just off Main Street in Conway Village, with immediate access to Route 16. North Conway Village is minutes to the north, and the Saco River is just steps away.
With its established office layout, the property is a practical fit for organizations seeking continued office use or a medical office setup that benefits from multiple private rooms and dedicated meeting space. While the building’s current use is office-based, the services provided and the maintained exterior may also appeal to buyers evaluating potential repositioning options, subject to applicable requirements.
Key Highlights
- 4,600 SF commercial building off Main Street in Conway Village, currently used as an office administration building
- Includes 15+ separate offices and several conference spaces
- Serviced by town water and sewer
Financial Insights For Healthcare Medical
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 | $62.1k | $13.50 |
| − Vacancy | −$8.3k | −$1.80 |
| EGI | $53.8k | $11.70 |
| − OpEx | −$21.5k | −$4.68 |
| NOI | $32.3k | $7.02 |
4,600 SF · lease $13.50/SF/yr · vacancy 13.30% · expense 40.00%
Alternative Uses
Best Use
Office B
$904.9K
$791.8K – $1.06M
NOI $63,342 @ 7.0% cap · market cap 13.34%
Second Best
Healthcare Medical
$461.5K
$403.8K – $538.4K
NOI $32,304 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,402 @ 7.0% cap · market cap 16.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Well-maintained building with multiple offices and conference space, serviced by town water and sewer, suited for office or medical use.
Where is this office building located?
The property is located at 87 Washington St Conway, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 4,600 SF commercial building off Main Street in Conway Village, currently used as an office administration building; Includes 15+ separate offices and several conference spaces; Serviced by town water and sewer
