Renovated Office Condo
904 Hanover St 4 Manchester, NH 03110
For Sale
$150,000
Bright, newly renovated office condo includes updated A/C, smart thermostats, and keyless entry.
Property Size561 SF
Price / SF$267.38
Days on Market120
Property Features for 904 Hanover St 4
General Information
- Standard status
- Active
- Size
- 561 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency:
Coldwell Banker Realty Nashua
(603) 673-4000
Listed By:
Kathleen DeMello
(603) 673-4000
Source:
Elliman
Added: Mar 27
Changed: Jul 22
Last Checked: Jul 23 at 4:38AM
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 Realty Nashua
Investment Insights
Based on property information with market context.
This bright office condo provides a newly renovated interior and a compact, condo-style layout designed for day-to-day office use. Building upgrades include updated A/C, smart thermostats, keyless entry, and security cameras.
The property is located less than one mile from I-93 via exits 6 or 8 and is less than two miles from downtown Manchester. Documentation indicates one parking space per condo.
The suite is presented as an individual office condo for sale within a commercial building, with building-level security and HVAC updates already in place.
The property is located less than one mile from I-93 via exits 6 or 8 and is less than two miles from downtown Manchester. Documentation indicates one parking space per condo.
The suite is presented as an individual office condo for sale within a commercial building, with building-level security and HVAC updates already in place.
Key Highlights
- 561 SF office condo, built in 1984, newly renovated
- Updated A/C with smart thermostats
- Keyless entry plus security cameras
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $6.9k | $12.24 |
| − Vacancy | −$714 | −$1.27 |
| EGI | $6.2k | $10.97 |
| − OpEx | −$1.5k | −$2.74 |
| NOI | $4.6k | $8.23 |
561 SF · lease $12.24/SF/yr · vacancy 10.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$65.9K
$57.7K – $76.9K
NOI $4,614 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$137.8K
$120.6K – $160.7K
NOI $9,644 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Roger J Belanger ...
Insurance Agency
Save With CPR
Training Center
mahpba
Association Or Organization
Ofemz Home Healthcare ...
Home Health Care Service
Northeast Fireplace & Stove ...
Charitable Organization
FAQs
What type of property is this?
Office units - Bright, newly renovated office condo includes updated A/C, smart thermostats, and keyless entry.
Where is this office units located?
The property is located at 904 Hanover St 4 Manchester, NH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 561 SF office condo, built in 1984, newly renovated; Updated A/C with smart thermostats; Keyless entry plus security cameras
