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    Property profile & analytics
    OFF-MARKET Estimated value $820,000
    Hotels

    650 Elm St, Manchester, NH 03101-2596

    54,743 SF Built 1985
    Entity Owned 14-yr Hold Free & Clear
    Property ID
    US58-0323945
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • North American Specialty Insurance Insurance Agency
    • MEMIC Indemnity Co Insurance Agency
    • Metropolitan Life Insurance Co: Barrett Kimberly Insurance Agency
    • WBZ TV Television Studio Media Distribution
    • CBRE Real Estate Agency
    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
    700 Elm LLC · 14 yrs held
    700 Elm LLC
    since 2011
    2 recorded transactions
    2017
    2011
    $8.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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