Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Trophy Office Building in Manchester Title is generated by Realmo AI

    900 Elm St, Manchester, NH 03101

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Best-in-class office building in the heart of Manchester's CBD.

    Type:Office
    Property size:
    219,700 SF
    Added:
    Jan 7, 2019
    Days on Market:
    2707
    Last Refresh:
    May 12 at 10:34 pm

    Property Features for 900 Elm St

    General Information

    Standard status
    Active
    Size
    219,700 SF
    Property subtype
    Office

    Building Details

    Year Built
    1992

    Spaces For Lease

    at 900 Elm St Contact us

    We can help!

    Listing Contact
    Thomas Farrelly

    Listing agent Thomas Farrelly License #NH 008028

    Listing office Cushman & Wakefield - Manchester, New Hampshire

    Listing date Jan 7, 2019

    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 Cushman & Wakefield - Manchester, New Hampshire

    HighLights

    • Tallest building in Manchester, New Hampshire, and northern New England.
    • "Best‑in‑class" trophy‑quality office building in the heart of Manchester's Central Business District.
    • Newest large‑scale office development in the Manchester area (constructed in 1992).
    • Efficient design with easily sub‑dividable 14,500 SF floorplates and abundant natural light.
    • Sweeping views of the historic city and the Merrimack River.
    • Surrounded by a wealth of educational institutions and corporate neighbors.

    Overview

    City Hall Plaza is a 219,700 square foot office building located in Manchester's Central Business District. This 19-story building, standing 275 feet tall, is the tallest in Manchester, New Hampshire, and northern New England. Designed by Lavallee Brensinger Architects, it is a recognizable feature on the Manchester skyline and an AIA New Hampshire Excellence in Architecture Merit Award recipient. The lobby features cherry wood, etched bronze, and black, rose, and gray granite, with detailed columns leading to eight high-speed elevators. Floorplates average 14,500 square feet and are easily sub-dividable, offering natural light and views of the city and the Merrimack River. Constructed in 1992, City Hall Plaza is the newest large-scale office development in the Manchester area. It is located near educational institutions such as Southern New Hampshire University, University of New Hampshire at Manchester, Massachusetts College of Pharmacy and Health Sciences, and the New Hampshire Institute of Art. Corporate neighbors include Anthem/Blue Cross, Baker Newman Noyes, Dyn, Texas Instruments, Fairpoint Communications, and AutoDesk.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mark McCulloch - Citizens ... Loan Service Parent Jennifer L Law Firm Nixon Peabody LLP: ... Law Firm Primmer Piper Eggleston ... Law Firm Nixon Peabody LLP: ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office 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
    Manchester
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4634347
    Latitude
    42.9905523

    Nearby Similar for Lease

    • Contact for pricing

      Coworking Office Space in Manchester

      Coworking office space for lease in Manchester, New Hampshire.
      409 Elm Street, Manchester, NH 03101
      View Details
    • Contact for pricing

      Prime Office Space in Manchester

      Private office space with amenities in downtown Manchester's Arts District.
      66 Hanover Street, Manchester, NH 03101
      View Details
    • $14 SF/Yr
      11,900 SF

      Industrial Warehouse with Office

      Warehouse-plus-office layout with 18' clear height, two drive-in doors, and fenced yard for flexible industrial operations.
      10024 South Willow Street, Manchester, NH 03103
      View Details
    • $1,150/Mo
      1,400 SF

      Versatile Commercial Space for Rent

      Well-kept commercial space with versatile layout for retail or office.
      293 Amory St, Manchester, NH 03102
      View Details
    • Sponsored
      Contact for pricing

      NH, Manchester - 1087 Elm Street

      1087 Elm St, Manchester, NH 03101
      View Details
    • $1,049/Mo
      172 SF

      Manchester Coworking Office Suite

      Coworking office suite with included amenities in Manchester, NH.
      409 Elm St Suite 7, Manchester, NH 03101
      View Details
    • $1,209/Mo
      172 SF

      Furnished Corner Office Suite

      Furnished coworking office suite with amenities in Manchester, NH.
      409 Elm St Suite 8, Manchester, NH 03101
      View Details
    • $129-$2,736/Mo
      11-1,292 SF

      NH, Manchester - Elm Street

      1045 Manchester St, Manchester, NH 03101
      View Details
    • $2,200/Mo
      1,000 SF

      Versatile Commercial Space For Lease

      Adaptable commercial space suitable for restaurant, retail, or office use.
      521 Wilson St, Manchester, NH 03103
      View Details
    • $15 SF/Yr
      4,864 SF

      Turnkey Restaurant Space in Manchester

      Fully equipped restaurant space in a highly visible downtown location.
      944-950 Elm St, Manchester, NH 03101
      View Details
    • $17 SF/Yr
      11,700 SF

      Former Event Center For Lease

      Expansive event venue with commercial kitchen and flexible layouts.
      21 Front St, Manchester, NH 03102
      View Details
    • Contact for pricing

      Retail Storefront with Rear Alley Access

      Retail suite with large open area, private bathroom, and rear exit to an alley for convenient operations.
      1711 S Willow Street, Manchester, NH 03103
      View Details

    FAQs

    What type of property is this?
    Office building - Best-in-class office building in the heart of Manchester's CBD.
    Where is this office building located?
    The property is located at 900 Elm St Manchester, NH.
    What are key features of this property?
    This property features: Tallest building in Manchester, New Hampshire, and northern New England.; "Best‑in‑class" trophy‑quality office building in the heart of Manchester's Central Business District.; Newest large‑scale office development in the Manchester area (constructed in 1992).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Farrelly
    Real Estate License ID: NH 008028
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    900 Elm St, Manchester, NH 03101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!