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    Modern Office Space Sublease Available Title is generated by Realmo AI

    45 S Main St, Concord, NH 03301

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    Sublease opportunity in Concord, NH, near downtown amenities.

    Type:Office
    Property size:
    69,000 SF
    Added:
    Mar 23, 2024
    Days on Market:
    802
    Last Refresh:
    May 12 at 8:08 pm

    Property Features for 45 S Main St

    General Information

    Standard status
    Active
    Size
    69,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    2013

    Spaces For Lease

    at 45 S Main St Contact us

    We can help!

    Listing Contact
    Mike Tamposi
    Mike Tamposi

    Listing agent Mike Tamposi License #NH 061111

    Listing office Boulos Company

    Listing date Mar 23, 2024

    Source Crexi

    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 Boulos Company

    HighLights

    • Sublease of 13,516± SF office space available.
    • Up to 41 parking spaces included.
    • Located six blocks from the New Hampshire State House.
    • Easy highway access to Interstates 93, 293 & 89.
    • Features 27± offices, conference rooms, lab space, open areas, cafeteria and in‑suite restrooms.
    • Built in 2013 with state‑of‑the‑art infrastructure, fiber optics, and high‑speed internet.

    Overview

    Located six blocks from the New Hampshire State House, 45 South Main Street in Concord, New Hampshire, offers a sublease opportunity. The available space, situated on the lower level of this office building, encompasses 13,516± square feet. The layout includes 27± offices, conference rooms, lab space, open areas, a cafeteria, and in-suite restrooms. Up to 41 parking spaces are available as part of the sublease. Constructed in 2013, the building provides a polished image with state-of-the-art infrastructure, voice and data fiber optics, high-speed internet access, and elegant finishes in the lobby and common areas. The property is conveniently located near downtown amenities and state government offices, with easy highway access to points north and south, and proximity to Interstates 93, 293 & 89.
    Property Profile Location Intelligence

    Current Use by Public Records

    Matthew Lessard - RBC ... Financial Advisor Renrick Pesce - RBC ... Financial Advisor Buster's Service Center ... Auto Repair Shop The Losey Carleton Group Financial Advisor Doug Bohlman - RBC ... Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.5343817
    Latitude
    43.2021949

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    FAQs

    What type of property is this?
    Office building - Sublease opportunity in Concord, NH, near downtown amenities.
    Where is this office building located?
    The property is located at 45 S Main St Concord, NH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Sublease of 13,516± SF office space available.; Up to 41 parking spaces included.; Located six blocks from the New Hampshire State House.
    (603) 540-8315 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Tamposi
    Mike Tamposi
    Real Estate License ID: NH 061111
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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