Building Details

Year Built 1800

Listing Agency: Parker Legacy Real Estate

Listed By: Casey Bolton Show Phone

Source: Sugarbushrealestate

Added: Aug 9 Changed: Oct 13 Last Checked: Oct 12 at 9:12PM

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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.

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 / Yr

$44,402

Cap Rate

8.90%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $44,402 @ 7.0% cap · market cap 8.90%

Second Best

Mixed Use

$407.0K

$356.1K – $474.8K (±1% cap)

NOI $28,489 @ 7.0% cap · market cap 5.71%

Theoretical Best

Office A

$827.0K

$723.6K – $964.8K (±1% cap)

NOI $57,888 @ 7.0% cap · market cap 11.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) 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

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this live-work space located? What is the asking price? Find similar properties What are key features of this property?

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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 $499,000.

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