Turnkey Medical Office
For Sale
$220,000
F-42 Dover Point Rd, Dover, NH 03820
Professional office condo with a fully equipped sound room and hearing testing setup, furnished and ready to operate.
Property Size1,008 SF
Price / SF$218.25
Days on Market100
Property Features for F-42 Dover Point Rd
General Information
Standard status
Active
Size
1,008 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,152
Listing Agency:
KW Coastal and Lakes & Mountains Realty
(603) 610-8500
Listed By:
Purple Acorn Acorn
(603) 610-8500
Source:
Exprealty
Added: May 24
Changed: Aug 22
Last Checked: Aug 30 at 6:24PM
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 KW Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
Turnkey medical office condo established for a hearing aid practice, offered with a professionally designed, functional interior for immediate use. The space includes a fully equipped sound room and hearing testing equipment that was professionally installed, along with furnishings and supplies intended to support day-one operations. The offering also references existing practice website and digital presence, positioning the space for quick launch by a qualified operator.
The property is located in Dover, NH at F-42 Dover Point Rd and is described as being within a thriving corporate environment with a large parking lot suitable for both staff and clients. It is also noted to be conveniently situated near several senior and assisted living communities.
With approximately 1,008 square feet, this is a purpose-ready office setting for hearing aid services, audiology, hearing instrument specialty, or an ENT practice looking for a ready-to-operate footprint.
The property is located in Dover, NH at F-42 Dover Point Rd and is described as being within a thriving corporate environment with a large parking lot suitable for both staff and clients. It is also noted to be conveniently situated near several senior and assisted living communities.
With approximately 1,008 square feet, this is a purpose-ready office setting for hearing aid services, audiology, hearing instrument specialty, or an ENT practice looking for a ready-to-operate footprint.
Key Highlights
- Established hearing aid practice available in Dover, NH, with a professional office condo ready to operate.
- 1,008 sq ft professional office condo with a fully equipped sound room and professionally installed hearing testing equipment.
- Furnished with supplies needed to begin seeing patients immediately, plus a practice website and digital presence.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,764
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,280
$275.3K
Cap Rate 7%
$196,629
$196.6K
Cap Rate 9%
$152,933
$152.9K
Market Conditions
NOI Build-Up for 1,008 SF
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.
Gross rent
$21.2K $21.00/SF
− Vacancy
−$2.8K −$2.79/SF
EGI
$18.4K $18.21/SF
− OpEx
−$4.6K −$4.55/SF
NOI
$13.8K $13.66/SF
Area
Strafford County, NH
Vacancy
13.30%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,280
Cap Rate 7%
$196,629
Cap Rate 9%
$152,933
Alternative Uses
Best Use
Office B
$196.6K
$172.1K – $229.4K
NOI $13,764 @ 7.0% cap · market cap 6.26%
Second Best
Healthcare Medical
$194.9K
$170.5K – $227.4K
NOI $13,641 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$269.7K
$236.0K – $314.6K
NOI $18,877 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03820, NH
32,800
Population
15,460
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
1,201
Density / Sq Mi
$92,793
Median Household Income
$53,890
Median Earnings
$1,540
Median Rent
$397,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office condo with a fully equipped sound room and hearing testing setup, furnished and ready to operate.
Where is this medical office space located?
The property is located at F-42 Dover Point Rd Dover, NH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Established hearing aid practice available in Dover, NH, with a professional office condo ready to operate.; 1,008 sq ft professional office condo with a fully equipped sound room and professionally installed hearing testing equipment.; Furnished with supplies needed to begin seeing patients immediately, plus a practice website and digital presence.
