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11 King Ct

11,578 SF 100% Leased Office Building Keene, NH 03431 $975,000 ($84/SF) 6.10% Cap Rate

Investment Highlights

  • Existing rental rates kept low. Room to bump
  • Beautiful 4th floor office suite can be added.
  • Great Visibility
  • Free Parking (30 spaces)

Executive Summary

Welcome to 11 King Court, an exceptional commercial property that seamlessly combines charm with functionality. Located in a tranquil yet easily accessible area, it is perfect for businesses or investors seeking a unique property. With a rich history, this property is owned and has been operated by the same family business for over 34 years.

Property Highlights:
-Prime Location: Nestled in a strategic area in Keene, NH (at the intersection of Main Street and Route 101) with easy access to major roads and thoroughfares, ensuring convenience and visibility.
-Distinctive Architecture: Featuring a beautiful facade with large, arched windows, this historic building stands out with its unique and inviting design.
- Modern and Updated: Recently refreshed interiors ensure a comfortable and clean space for businesses, providing a professional and welcoming atmosphere and satisfied lease holders. (Two of the four businesses have occupied the same space for twenty-five years.)
-Ample Parking: Convenient parking for tenants.
-Lush Surroundings: Well-maintained landscaping adds to the property's appeal, creating a pleasant environment for everyone.
-Excellent Visibility: Located in an area with steady traffic, providing great exposure to potential clients and customers. (Approximately 23,000 vehicle count per day.)

Why 11 King Court?
This property offers not just a place of business, but a statement. Its unique, historic design and prime location make it a desirable choice for any business or investor looking to make a mark in Keene, NH. Don’t miss the opportunity to own a property that perfectly balances practicality with aesthetic appeal.

Features:
- LED Lighting
- Multiple large offices with significant potential
- Kitchenette
- Water fountain
- Fiber optic internet service
- 12-person, 2000-pound capacity, 3-story elevator
- 9 Separate HVAC units to ensure redundancy
- Emergency generator
- Two bathrooms on the main floor, each with two stalls, one bathroom on first floor with a shower
Exterior:
- Post and beam canopy at the front entrance
- Mature outdoor landscaping
- Standing Seam Metal Roof

Interior:
- Bright 4-story atrium with indoor plantings
- Skylight
Additional Space:
- Potential office, conference room, or storage space on the 4th floor
Within walking distance to Main Street, Keene State College, shopping, restaurants and coffee shops.
Contact me today to schedule a viewing and take the first step towards making 11 King Court your new business headquarters.
Ken Bakke
603-494-0599
bakkhome1@gmail.com

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,578 SF
Building Class
B
Year Built/Renovated
1900/2023
Price
$975,000
Price Per SF
$84
Cap Rate
6.10%
NOI
$59,442
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,900 SF
Slab To Slab
9’
Building FAR
0.34
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
mixed
Parking
30 Spaces (3.2 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Balcony

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • CHA- Engineering
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • -
  • -
  • Jan 0000
  • Sampson Architects
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • -
  • -
  • Jan 0000
  • Unoccupied Fourth Floor
  • -
  • 99,999 SF
  • -
  • -
  • -
  • World Wide Computer Solutions
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • -
  • -
  • Jan 0000
  • W-V Engineering
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
CHA- Engineering Professional, Scientific, and Technical Services 99,999 SF - - Jan 0000
Sampson Architects Professional, Scientific, and Technical Services 99,999 SF - - Jan 0000
Unoccupied Fourth Floor - 99,999 SF - - -
World Wide Computer Solutions Professional, Scientific, and Technical Services 99,999 SF - - Jan 0000
W-V Engineering Professional, Scientific, and Technical Services 99,999 SF - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
112/ / 021/000 000/000
Land Assessment
$108,700
Improvements Assessment
$482,000
Total Assessment
$590,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 32377849

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 11 King Ct, Keene, NH 03431

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