Property profile

45 Lyme Rd Hanover, NH 03755

OFF-MARKET
Office buildings
Property ID
US58-0023533
42,882 SF 1.45 ac lot Built 1990
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A corner executive office suite totaling 2,625 square feet within the Lyme Road Professional Center, featuring two private decks, a kitchenette, and abundant natural light. The interior layout is configured to support a reception area, a conference room, and private workspace(s), and the suite is designed to be adapted to a tenant’s floor plan. The decks and HVAC system have been scheduled for replacement/installation, and the space includes the infrastructure expected for ongoing professional use. The office center is located less than one mile from Dartmouth Campus and is positioned near a bus stop and walking trails. Building amenities include tenant showers, a central mail room, on-site parcel drop boxes, and on-site parking. The suite is suitable for medical practices and other professional services, including small to medium-sized businesses, and the building has historically housed medical, legal, financial, and related professional offices.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction STEEL FRAME
Total area 42,882 SF
Lot 1.45 ac (63,255 SF)
Zoning code B1
APN HNOV M:044 B:001 L:001
UPID US58-0023533

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Physician
  • Daycare Center
  • Logistics Company
  • Physician Medical Clinic

Location

45 Lyme Rd Hanover, NH 03755-1219
Hanover metro Census 961603 LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.49M
Blend (final) Blend
$5.26M

Owner & transaction history

since 2006
4 recorded transactions
2008
Price N/A
2007
Price N/A
2006
$6.9M
2006
Price N/A

Zoning & alternative use

B1 · Hanover, NH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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