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    323 Gonic Rd #2B Rochester, NH 03839

    Sponsored
    For Lease
    $13 SF/Yr

    High-visibility, ±2,070 SF, prime location.

    Lot size:
    19,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This ±2,070 square foot commercial unit, located at 323 Gonic Road #2B in Rochester, New Hampshire (zip code 03839), is available for lease. Situated in a well-maintained strip center on busy Route 125, this space offers excellent road frontage and high visibility, ensuring optimal exposure to a significant volume of local traffic. The property, built in 1985 and zoned H, is part of a larger building totaling 19,350 square feet. This single-tenant space is ideal for a variety of uses, including retail showrooms or office setups. The layout features large, open rooms perfect for showcasing products or creating a collaborative workspace, complemented by a smaller private office, providing a balance of open and private areas. An ADA-compliant bathroom and shared kitchen are included, adding convenience and accessibility. The unit benefits from ample natural light and high ceilings, creating a bright and versatile environment. The property is conveniently located minutes from the Barrington line and Route 16, offering easy access to major transportation routes. Abundant parking is available for both customers and employees. This vibrant location makes it an excellent opportunity for businesses seeking to establish or expand their presence in the Rochester market.

    Property Features for 323 Gonic Rd #2B

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,350 SF
    Total Rate
    20962.5

    Building Details

    Year Built
    1985

    Unit(s) available at that property

    Space
    Size
    13 SF
    Rate per SF
    $13

    We can help!

    Listing Contact
    Matthew Lefebvre
    Matthew Lefebvre

    Learn more

    Property Insight Report

    HighLights

    • ±12,070 SF commercial unit available for lease at 323 Gonic Road #2B, Rochester, NH 03839.
    • Located in a well‑maintained strip center on Route 125 with excellent road frontage and high visibility.
    • Single‑tenant space in a 19,350 SF building, built in 1985, zoned H.
    • Features large open areas, a private office, ADA‑compliant bathroom, and shared kitchen.
    • Ample natural light, high ceilings, and abundant parking.
    • Conveniently located near Barrington and Route 16, offering easy access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Springs Gurus Garage ... Garage Door Supplier Gentle Harmonies Birth ... Doula All American Cards Sports Card Store LifeBalance Counseling, Coaching ... Wellness Program BP Electric LLC Electrician

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.979761
    Latitude
    43.261574

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    FAQs

    What type of property is this?
    Office space - High-visibility, ±2,070 SF, prime location.
    Where is this office space located?
    The property is located at 323 Gonic Rd #2B Rochester, NH.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: ±12,070 SF commercial unit available for lease at 323 Gonic Road #2B, Rochester, NH 03839.; Located in a well-maintained strip center on Route 125 with excellent road frontage and high visibility.; Single-tenant space in a 19,350 SF building, built in 1985, zoned H.
    Request Owner's contact information
    323 Gonic Rd #2B Rochester, NH 03839
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    Rochester, NH 03839
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    323 Gonic Rd #2B Rochester, NH 03839
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    We can help!
    Listing Contact
    Matthew Lefebvre
    Matthew Lefebvre
    Real Estate License ID: NH 070207
    Learn more
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