Located at 1045 Elm St, Manchester, NH 03101, this Hillsborough County property offers a diverse range of office solutions. The space caters to various business needs, from individual entrepreneurs to large corporations. Options include traditional private offices, fully furnished and equipped to suit individual requirements, ranging from single-person setups to large-scale corporate spaces. Customizable office spaces are available, along with disaster recovery options and day offices providing flexible access. A comprehensive benefits program, including exclusive discounts and procurement support, enhances the value proposition for tenants. Beyond private offices, the location provides coworking spaces, offering shared office or open-plan areas for those seeking a collaborative environment. Hot desking and daily reservations are available. Meeting rooms are also available, ranging from informal chat spaces with Wi-Fi to larger venues suitable for presentations, training sessions, interviews, board meetings, or conferences, bookable by the hour or for extended periods. Virtual office options are also available, providing prestigious business addresses, mail handling, and professional virtual assistant services. Virtual Office Plus packages include extended lounge access and office space for up to five days per month. Flexible working plans offer global access to a network of business lounges, private offices, and coworking spaces, with various day-pass options. The facility is part of a global network with thousands of locations and tens of thousands of offices available, ranging in size from 5 square meters to over 1000 square meters. The property type is classified as Traditional Office, Executive Office, Coworking, Medical Office, and Creative Office, accommodating a wide array of businesses. The tenancy is multiple.
Property Features for 1045 Elm St
General Information
Property type
Office space
Lease Type
Gross Lease
RSF (Rentable sq. ft)
6,033 SF
Unit(s) available at that property
Space
Open plan office space for + 15 people
Size
1,292 SF
Rate per SF
$25
Space
Open plan office space for + 10 people
Size
1,184 SF
Rate per SF
$19
Space
Private office for 5 people
Size
807 SF
Rate per SF
$17
Space
Private office for 4 people
Size
646 SF
Rate per SF
$10
Space
Private office for 3 people
Size
646 SF
Rate per SF
$8
Space
Private office for 2 people
Size
538 SF
Rate per SF
$7
Space
Private office for 1 person
Size
538 SF
Rate per SF
$5
Space
Coworking space
Size
328 SF
Rate per SF
$5
Space
Virtual Office
Size
54 SF
Rate per SF
$41
HighLights
Fully furnished, private offices available, ranging from single‑person suites to large corporate spaces, including serviced, custom, disaster recovery, and day office options.
Coworking spaces offering dedicated desks and hot‑desking, fostering collaboration.
State‑of‑the‑art meeting rooms equipped with advanced technology and catering options available.
Virtual office solutions with global reach, including mail forwarding and call answering services.
Flexible membership options providing access to offices, coworking spaces, and lounges across a global network.
Office space - Flexible Workspace Solutions in Manchester
Where is this office space located?
The property is located at 1045 Elm St Manchester, NH.
What is the lease rate?
The lease rate is $5-$41 SF/Yr.
What are key features of this property?
This property features: Fully furnished, private offices available, ranging from single-person suites to large corporate spaces, including serviced, custom, disaster recovery, and day office options.; Coworking spaces offering dedicated desks and hot-desking, fostering collaboration.; State-of-the-art meeting rooms equipped with advanced technology and catering options available.
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1045 Elm St Manchester, NH 03101
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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.
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
1045 Elm St Manchester, NH 03101
More about this listing
1045 Elm St, Manchester, NH
Massachusetts New Hampshire Regus US
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1045 Elm St, Manchester, NH
Massachusetts New Hampshire Regus US
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1045 Elm St, Manchester, NH
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1045 Elm St, Manchester, NH
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1045 Elm St, Manchester, NH
Massachusetts New Hampshire Regus US
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