44 Newmarket RdDurham, NH 03824

Property Details for 44 Newmarket Rd

Year built

1985

Construction

FRAME

Lot size

1.75 AC

Property size (Sq ft)

5,250 SF

Zone code

RB

Property type

Office buildings

APN

DRHM M:114 L:43

APU

DRHMM114L43

Description

This exceptional 5,250 square foot office suite is ideally located near the University of New Hampshire in Durham, NH. Situated on a 1.75-acre lot, this second-floor space boasts a unique advantage: a private, ground-level entrance at the front of the building, creating a welcoming and professional atmosphere. The entrance features a convenient coat closet/storage area. Inside, you'll find two private offices, a spacious common area perfect for collaboration or client meetings, and a full bathroom. The property benefits from highly visible road signage, ensuring easy identification for clients and customers. Ample paved parking is available on the large lot, providing convenient access for both tenants and visitors, including delivery services. The building offers a diverse mix of professional tenants, including family counseling, financial advisory, and consulting services, creating a collaborative and supportive environment. This versatile space is well-suited for a variety of professional uses, such as service providers, insurance agencies, real estate firms, legal practices, architectural firms, and more. In addition to the monthly rent of $1100, a monthly escrow of approximately $6 per square foot will cover taxes and utilities. The property is readily available for immediate occupancy and easy to show.

• CAP approach

  CAP return

  Valuation

  6%

  $983,713

  6.5%

  $908,042

  7%

  $843,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $685,965

  Geo Method

  $685,965

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,787,730

  Retail / Commercial

  $916,738

  Mixed-Use / Specialty

  $913,469

  Hospitality / Lodging

  $670,183

  Institutional / Educational

  $949,640

  Residential Income

  $1,111,080

  Multifamily

  $1,332,570

  Automotive / Energy

  $813,977

  Parking / Income-Based Land

  $280,894

  Restaurant / Food Service

  $475,102

  Healthcare / Senior Housing

  $936,746

Location Insight

City

Durham

County

Strafford

State

New Hampshire

Latitude

43.1273

Longitude

-70.9189

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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