Live-Work Property with Heated
For Sale
$549,000
1 Ridgewood Circle, Epsom, NH 03234
Residential and workspace functions are combined with Route 4 frontage, a heated garage, and direct snowmobile trail access.
Property Size3,176 SF
Lot Size2.00 Acres
Price / SF$172.86
Days on Market9
Property Features for 1 Ridgewood Circle
General Information
Standard status
Active
Size
3,176 SF
Lot size
2.00 Acres
Property subtype
Commercial
Zoning
Residential/Light Industrial
Additional Details
Road Access
Yes
Amenities
heated garage
direct access to snowmobile trails
Building Details
Year Built
1800
Listing Agency:
Parker Legacy Real Estate
Listed By:
Casey Bolton
Source:
Sugarbushrealestate
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 26 at 6:54AM
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 Parker Legacy Real Estate
Investment Insights
Based on property information with market context.
This live-work property at 1 Ridgewood Circle combines a five-bedroom, two-bath residence with more than 3,100 square feet of finished living area. Built in 1800, the home offers a flexible interior suited to residential living, home offices, creative work, guest accommodations, or other multipurpose arrangements. A heated garage adds enclosed year-round workspace or storage, while the former greenhouse area provides additional outdoor room for equipment, hobbies, or recreational vehicles.
The property encompasses 2 acres with frontage on Route 4 and direct access to snowmobile trails. It is located in Epsom and carries Residential/Light Industrial zoning. Intended uses and zoning requirements should be verified with the Town of Epsom.
The property encompasses 2 acres with frontage on Route 4 and direct access to snowmobile trails. It is located in Epsom and carries Residential/Light Industrial zoning. Intended uses and zoning requirements should be verified with the Town of Epsom.
Key Highlights
- 2‑acre property with frontage along Route 4
- 3,176 SF of finished living space
- Five‑bedroom, two‑bath residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,402
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$888,040
$888.0K
Cap Rate 7%
$634,314
$634.3K
Cap Rate 9%
$493,356
$493.4K
Market Conditions
NOI Build-Up for 3,176 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$68.6K $21.60/SF
− Vacancy
−$9.4K −$2.96/SF
EGI
$59.2K $18.64/SF
− OpEx
−$14.8K −$4.66/SF
NOI
$44.4K $13.98/SF
Area
Merrimack County, NH
Vacancy
13.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$888,040
Cap Rate 7%
$634,314
Cap Rate 9%
$493,356
Alternative Uses
Best Use
Office B
$634.3K
$555.0K – $740.0K
NOI $44,402 @ 7.0% cap · market cap 8.09%
Second Best
Mixed Use
$407.0K
$356.1K – $474.8K
NOI $28,489 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$827.0K
$723.6K – $964.8K
NOI $57,888 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 03234, NH
4,817
Population
2,026
Households
2.4
Avg Household Size
48
Median Age
39%
College-Educated
92%
High-School Grad
34.4 sq mi
ZIP Area
140
Density / Sq Mi
$92,623
Median Household Income
$53,323
Median Earnings
$1,235
Median Rent
$298,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Residential and workspace functions are combined with Route 4 frontage, a heated garage, and direct snowmobile trail access.
Where is this live-work space located?
The property is located at 1 Ridgewood Circle Epsom, NH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2‑acre property with frontage along Route 4; 3,176 SF of finished living space; Five‑bedroom, two‑bath residence
