Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Space on Campus Title is generated by Realmo AI

    21 Whitehall Rd, Rochester, NH 03867

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Medical office space for lease on Frisbie Memorial Hospital campus.

    Type:Office
    Added:
    Oct 3, 2024
    Days on Market:
    609
    Last Refresh:
    May 12 at 10:20 pm

    Property Features for 21 Whitehall Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1799

    Spaces For Lease

    at 21 Whitehall Rd Contact us

    Unit 203 $22/Mo

    Size
    1,232 SF
    Type
    Office
    Contact us

    Unit 205 $22/Mo

    Size
    2,028 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Roger Dieker
    Roger Dieker

    Listing agent Roger Dieker License #NH 062614

    Listing office Boulos Company

    Listing date Oct 3, 2024

    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 Boulos Company

    HighLights

    • Located on the Frisbie Memorial Hospital campus.
    • Recently renovated in 2022.
    • Ample on‑site parking available.
    • Home to a diverse range of medical specialties.
    • Easy access to Spaulding Turnpike/Route 16, Routes 202 and 11.
    • Proximity to New Hampshire’s Seacoast, Lakes Region and White Mountains.

    Overview

    Located at 21 Whitehall Road in Rochester, New Hampshire, the Frisbie Medical Building offers leasing opportunities on the campus of Frisbie Memorial Hospital. The building houses tenants with various specialties, including cardiology, urology, nephrology, OBGYN, rheumatology, pulmonology, surgery, and infectious disease. The interior and common areas underwent a comprehensive renovation in 2022. Ample on-site parking is available for tenants and patients. Rochester is near New Hampshire’s Seacoast, Lakes Region, and White Mountains. Its proximity to the Spaulding Turnpike/Route 16, Routes 202 and 11 facilitates access to points North, South, East & West. The property is suitable for medical office space.
    Location Intelligence

    Current Use by Public Records

    Dr. Kyle Murray Pediatrician Coastal Cardiothoracic and Vascular ... Medical Clinic Pulmonary Associates - Rochester Physician Dr. Vinia Madonna ... Physician Ariel Fredrick Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.958736
    Latitude
    43.298209

    Nearby Similar for Lease

    • $18 SF/Yr
      5,000 SF

      Retail Suites at Lilac Plaza

      Retail spaces for lease with planned renovations and upgrades.
      181-193B Wakefield St 183, Rochester, NH 03867
      View Details
    • $2,700/Mo
      2,500 SF

      Rochester Industrial Unit For Lease

      2,500 SF industrial unit in Granite State Business Park.
      61 Airport Dr 6, Rochester, NH 03867
      View Details
    • $5 SF/Yr
      27,562 SF

      Rochester Office Space For Rent

      Flexible office space available in Rochester, New Hampshire.
      35 Industrial Way, Rochester, NH 03867
      View Details
    • $14 SF/Yr
      1,500 SF

      Professional Office Suites For Lease

      Three office suites available in a professional building.
      120 Washington St, Rochester, NH
      View Details
    • Contact for pricing
      1,972 SF

      Community Shopping Center For Rent

      Community shopping center in a busy retail district for lease.
      306 N Main St, Rochester, NH
      View Details
    • $18 SF/Yr

      Retail Suites at Lilac Plaza

      Retail spaces for lease with planned 2025 renovations.
      181-183B Wakefield St 201, Rochester, NH 03867
      View Details
    • $18 SF/Yr
      13,695 SF

      Retail Suites at Lilac Plaza

      Retail spaces for lease, renovations and upgrades planned for 2025.
      181-201 Wakefield St, Rochester, NH
      View Details
    • $25 SF/Yr
      15,696 SF

      Rochester Office/Medical Building For Lease

      15,696± SF office/medical building available for lease.
      13 Healthcare Dr, Rochester, NH
      View Details
    • $16 SF/Yr
      1,034 SF

      New Retail/Office Space Available

      New construction retail/office space on busy North Main Street.
      47-55 North Main Street, Rochester, NH
      View Details
    • $12 SF/Yr
      3,900 SF

      Rochester Warehouse and Office Spaces

      Warehouse and office spaces available for lease in Rochester, NH.
      25 Old Dover Rd, Rochester, NH
      View Details
    • Contact for pricing
      5,000 SF

      Historic Mill Commercial/Industrial Space

      Multi-unit commercial/industrial building in Rochester's historic Gonic Mill.
      73 Pickering Rd, Rochester, NH 03839
      View Details
    • $13 SF/Yr
      19,350 SF

      Prime Retail/Office Space Available

      Well-maintained commercial unit on Route 125 in Rochester, NH.
      323 Gonic Road 2B, Rochester, NH 03839
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space for lease on Frisbie Memorial Hospital campus.
    Where is this medical office space located?
    The property is located at 21 Whitehall Rd Rochester, NH.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Located on the Frisbie Memorial Hospital campus.; Recently renovated in 2022.; Ample on‑site parking available.
    (978) 239-8128 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Roger Dieker
    Roger Dieker
    Real Estate License ID: NH 062614
    Learn More
    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
    21 Whitehall Rd, Rochester, NH 03867
    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!