Technical
Financial
Distress signals
Property profile

650 Elm St Manchester, NH 03101

OFF-MARKET
Hotels
Property ID
US58-0323945
54,743 SF Built 1985
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This prestigious seven-story, Class A office building at 650 Elm Street in Manchester, New Hampshire, offers 98,845 square feet of desirable office space. The building boasts a polished corporate image with high-end finishes, an elegant lobby, and upscale common areas. State-of-the-art infrastructure and 24/7 on-site security ensure a safe and productive work environment. A significant 14,725 square feet of contiguous space is currently vacant, divisible into units as small as 1,924 square feet, offering flexibility for various business needs. Tenants benefit from an attached 1,000-vehicle parking garage, complete with a convenient amenity center including windshield washing, vacuuming, and tire inflation services. Enjoy dramatic views of downtown Manchester and Veterans Memorial Park. The building's central location at the intersection of Elm and Granite Streets provides easy access to downtown amenities, including the SNHU Arena, and is just two blocks from Interstate 293, Exit 5/Granite Street. This property is connected to the Hotel Manchester, offering added convenience and prestige. Located in Hillsborough County, this landmark property presents an unparalleled opportunity for businesses seeking a sophisticated and well-equipped office space in the heart of Manchester.

Property profile

Verified
Property type Hotels
Use group HOTEL-RESORT
Year built 1985
Construction STEEL FRAME
Total area 54,743 SF
APN MNCH M:0150 B:000 L:0005A
UPID US58-0323945

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
  • Insurance Agency
  • Insurance Agency
  • Insurance Agency
  • Television Studio Media Distribution
  • Real Estate Agency

Location

650 Elm St Manchester, NH 03101-2596
Manchester metro Census 200400 MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$627k
Blend (final) Blend
$820k

Owner & transaction history

since 2011
2 recorded transactions
2017
Price N/A
2011
$8.1M

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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