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Furnished Office Unit
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1 Park Avenue, Hampton, NH 03842

The three-office layout includes a private bathroom, kitchen, and central heating and air conditioning.

Property Size790 SF
Price / SF$3.16
Days on Market90

Property Features for 1 Park Avenue

General Information

Standard status Active
Size 790 SF
Property subtype Commercial

Space & Availability

Condition Move-in Ready
Furnished Yes

Additional Details

Property Use Office

Amenities

in-unit bathroom
kitchen
central heat/air conditioning
smart-lock security system
shared dumpsters

Building Details

Year Built 1986
Tenancy Multi
Listing Agency: KW Coastal and Lakes & Mountains Realty
Listed By: Joseph Citera · License #Joseph Citera III
Source: Longviewcre
Added: Aug 4 Changed: Oct 30 Last Checked: Oct 28 at 2:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Coastal and Lakes & Mountains Realty

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 790-square-foot office unit at 1 Park Avenue has three offices, an in-unit bathroom, and a kitchen. Central heating and air conditioning were recently installed. Furnishings and equipment include desks, chairs, a conference table, television, filing cabinets, microwave, refrigerator, toaster, and coffee machine. The unit has a smart-lock entry with a key override.

The building was constructed in 1986. The unit shares an entrance with two other units; parking is available on a first-come basis, and trash and recycling dumpsters are shared.

Key Highlights

  • 790‑square‑foot office unit with three offices
  • In‑unit bathroom and kitchen
  • Central heating and air conditioning recently installed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$13,562
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,240 $271.2K
Cap Rate 7%
$193,743 $193.7K
Cap Rate 9%
$150,689 $150.7K
Market Conditions
NOI Build-Up for 790 SF
Gross rent
$20.9K $26.40/SF
− Vacancy
−$2.8K −$3.51/SF
EGI
$18.1K $22.89/SF
− OpEx
−$4.5K −$5.72/SF
NOI
$13.6K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,240
Cap Rate 7%
$193,743
Cap Rate 9%
$150,689

Alternative Uses

Best Use
Office B
$193.7K
$169.5K – $226.0K (±1% cap)
NOI $13,562 @ 7.0% cap · market cap 542.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.0K
$230.1K – $306.9K (±1% cap)
NOI $18,411 @ 7.0% cap · market cap 736.44%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Building Supply Garden Center Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

527
Businesses Nearby

Demographics for 03842, NH

16,048
Population
9,978
Households
1.6
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,254
Density / Sq Mi
$94,433
Median Household Income
$53,533
Median Earnings
$1,679
Median Rent
$491,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - The three-office layout includes a private bathroom, kitchen, and central heating and air conditioning.
Where is this office unit located?
The property is located at 1 Park Avenue Hampton, NH.
What are key features of this property?
This property features: 790‑square‑foot office unit with three offices; In‑unit bathroom and kitchen; Central heating and air conditioning recently installed
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Includes: Price & PSF · Cap rate · Location · Zoning

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