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    21 Whitehall Rd Rochester, NH 03867
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    Property profile & analytics

    21 Whitehall Rd Rochester, NH 03867

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    • Office Spaces
    • 22,333 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 21 Whitehall Rd

    Year built
    1799
    Property size
    22,333 SF
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional medical office building at 21 Whitehall Rd, Rochester, NH 03867, offers multiple leasing opportunities. The 22,333 square foot building, renovated in 2022, features 2 suites, with spaces ranging from 1,232 to 2,028 contiguous square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9589
    Latitude
    43.2975

    Comparable in this City

    • Value Estimation
      $2,410,000
      20,000 SF

      40 Winter St

      MEDICAL BUILDING • 20,000 SF
      40 Winter St, Rochester, NH 03867-3153
      View Details
    • Value Estimation
      $920,000
      4,090 SF

      77 Main St

      MEDICAL BUILDING • 4,090 SF
      77 Main St, Rochester, NH 03867-2707
      View Details
    • Value Estimation by Request
      1,900 SF

      200 Main St

      MEDICAL BUILDING • 1,900 SF
      200 Main St, Rochester, NH 03867-3218
      View Details
    • Value Estimation
      $2,505,000
      21,404 SF

      30 Empire Ct

      MEDICAL BUILDING • 21,404 SF
      30 Empire Ct, Rochester, NH 03867-3574
      View Details
    • Value Estimation
      $1,170,000
      9,171 SF

      134 10th Rod Rd

      MEDICAL BUILDING • 9,171 SF
      134 10th Rod Rd, Rochester, NH 03867-4230
      View Details
    • Value Estimation by Request
      3,600 SF

      165 Charles St

      MEDICAL BUILDING • 3,600 SF
      165 Charles St, Rochester, NH 03867-3465
      View Details

    Similar Nearby for Sale

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      3,134 SF

      Rochester Medical/Office Condo For Sale

      3,134 SF medical/office condo near Frisbie Memorial Hospital.
      163 Rochester Hill Rd, Rochester, NH 03867
      View Details
    • New
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      Professional Office Condo For Sale

      Office condo ideal for medical or general sales. Renovated.
      60 Rochester Hill Rd, Rochester, NH 03867
      View Details

    Similar Nearby for Lease

    • $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 03867
      View Details
    • Contact for pricing

      Medical Office Space on Campus

      Medical office space for lease on Frisbie Memorial Hospital campus.
      21 Whitehall Rd, Rochester, NH 03867
      View Details
    • $9 SF/Yr
      210,000 SF

      Rochester Executive Office Suites

      Premium NH Office Space Available
      35 Industrial Way, Rochester, NH 03867
      View Details
    • $2,700 /Mo

      Rochester Industrial Unit For Lease

      2,500 SF industrial unit in Granite State Business Park.
      61 Airport Dr, Rochester, NH 03867
      View Details
    • Contact for pricing
      3,900 SF

      Rochester Warehouse and Office Spaces

      Warehouse and office spaces available for lease in Rochester, NH.
      25 Old Dover Rd, Rochester, NH 03867
      View Details
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    Rochester, NH 03867
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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.

    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
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