Building Details

Year Built 1999

Stories 2

Tenancy Multi

Listing Agency: Longview Commercial Real Estate

Listed By: Andrew Paluch Show Phone

Source: Longviewcre

Added: Aug 14 Changed: Oct 28 Last Checked: Oct 28 at 4:14PM

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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 Longview Commercial Real Estate

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Investment Insights

Based on property information with market context.

Office space is available in a two-story building constructed in 1999. The property has an elevator and a dry sprinkler system, with municipal water and sewer service. A large orthodontist practice is also in the building.

The property is in Pembroke’s business district, just off Route 106. Parking is described as adequate.

Key Highlights

• Two‑story office building constructed in 1999
• Elevator and dry sprinkler system
• Municipal water and sewer service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$227,660

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,553,200 $4.6M

Cap Rate 7%

$3,252,286 $3.3M

Cap Rate 9%

$2,529,556 $2.5M

What to ask about pricing

Market Conditions

NOI Build-Up for 16,284 SF

Gross rent

$351.7K $21.60/SF

− Vacancy

−$48.2K −$2.96/SF

EGI

$303.5K $18.64/SF

− OpEx

−$75.9K −$4.66/SF

NOI

$227.7K $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%

$4,553,200

Cap Rate 7%

$3,252,286

Cap Rate 9%

$2,529,556

Alternative Uses

Best Use

Office B

$3.25M

$2.85M – $3.79M (±1% cap)

NOI $227,660 @ 7.0% cap · market cap 9,161.37%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.24M

$3.71M – $4.95M (±1% cap)

NOI $296,801 @ 7.0% cap · market cap 11,943.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Electrical Service Plumbing Service Garden Center Furniture & Home Goods Grocery & Convenience Store Bakery

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

Lease Details

Multi-tenant

Tenancy

Yes

Sprinkler system

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

89

Businesses Nearby

Explore this area Business Placement

Demographics for 03275, NH

11,946

Population

4,739

Households

2.5

Avg Household Size

42

Median Age

25%

College-Educated

91%

High-School Grad

43.0 sq mi

ZIP Area

278

Density / Sq Mi

$84,776

Median Household Income

$43,850

Median Earnings

$1,258

Median Rent

$309,400

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

Similar For Sale Nearby

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Two-Story Office Building

5 Sheep Davis Road, Pembroke, NH 03275

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16,284 SF

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43 Broadway, Pembroke, NH 03275

$799,900

3,262 SF

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Frequently Asked Questions

What type of property is this?

Office unit - Elevator service, a dry sprinkler system, and municipal water and sewer serve the office building.

Where is this office unit located?

The property is located at 9 Sheep Davis Road Pembroke, NH.

What are key features of this property?

This property features: Two‑story office building constructed in 1999; Elevator and dry sprinkler system; Municipal water and sewer service