9 East Main St, Warner, NH 03278

Building Details

Year Built 1880 More

Buildings 1 More

Listing Agency: Coldwell Banker LIFESTYLES - Concord

Listed By: Rachel Dethomas · License #061648 Show Phone

Source: 603propertygroup

Added: Aug 8 Changed: Oct 25 Last Checked: Oct 7 at 4:21PM

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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 Coldwell Banker LIFESTYLES - Concord

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Built in 1880, this historic office building occupies a level 0.20-acre parcel that is mostly lawn. The property was formerly used by Kearsarge Insurance and offers a traditional commercial setting in Warner village.

The building requires renovation, including exterior painting, updates, and a new bathroom. Its established presence and existing office classification provide a foundation for continued commercial use, subject to the needs of the next owner.

Key Highlights

• 1880 construction date
• 0.20‑acre level parcel, mostly lawn
• Former Kearsarge Insurance building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,145

Cap Rate

6.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$442,900 $442.9K

Cap Rate 7%

$316,357 $316.4K

Cap Rate 9%

$246,056 $246.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,584 SF

Gross rent

$34.2K $21.60/SF

− Vacancy

−$4.7K −$2.96/SF

EGI

$29.5K $18.64/SF

− OpEx

−$7.4K −$4.66/SF

NOI

$22.1K $13.98/SF

Area

Merrimack County, NH

Vacancy

13.70%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$442,900

Cap Rate 7%

$316,357

Cap Rate 9%

$246,056

Alternative Uses

Best Use

Office B

$316.4K

$276.8K – $369.1K (±1% cap)

NOI $22,145 @ 7.0% cap · market cap 6.73%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$412.4K

$360.9K – $481.2K (±1% cap)

NOI $28,871 @ 7.0% cap · market cap 8.78%

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

Kearsarge Insurance Agency, ... Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage Building Supply HVAC Service Cafe & Coffee Shop Real Estate Agency Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Explore this area Business Placement

Demographics for 03278, NH

3,126

Population

1,507

Households

2.1

Avg Household Size

47

Median Age

42%

College-Educated

94%

High-School Grad

63.5 sq mi

ZIP Area

49

Density / Sq Mi

$98,333

Median Household Income

$47,413

Median Earnings

$1,211

Median Rent

$322,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office building - Historic commercial building on a level, mostly lawned parcel with renovation needs.

Where is this office building located?

The property is located at 9 East Main St Warner, NH.

What is the asking price?

The asking price for this property is $329,000.

What are key features of this property?

This property features: 1880 construction date; 0.20‑acre level parcel, mostly lawn; Former Kearsarge Insurance building