Raymond NH Commercial Property For
For Sale
$499,000
Pending
75 Route 27, Raymond, NH 03077
Commercial property with garage and storage in Raymond, New Hampshire.
Property Size2,400 SF
Lot Size3.25 Acres
Days on Market198
Property Features for 75 Route 27
General Information
Standard status
Pending
Size
2,400 SF
Lot size
3.25 Acres
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
NAI Norwood Group
Listed By:
Judy Niles-Simmons · License #126356
(603) 668-7000
Source:
Elliman
Added: Mar 11
Changed: Sep 21
Last Checked: Sep 24 at 1:35PM
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 NAI Norwood Group
Investment Insights
Based on property information with market context.
Located at 75 Route 27 in Raymond, New Hampshire, this commercial property encompasses approximately 3.25 acres. The improvements include a garage built around 1972, offering approximately 2,400 square feet of space. The garage is equipped with a 3,000-gallon underground holding tank for floor drains. Additionally, there is a detached open storage area of approximately 702 square feet. The property features an asphalt parking area of around 30,000 square feet. The site appears fairly level, suggesting limited site work may be needed for new development. The property is located within a Commercial Zone that allows for a fairly broad table of uses. The property is serviced by private septic and municipal water. The property is identified as Tax Map 28/002/0 12 and Legal Description known as Book 887, Page 222 and Book 890, Page 149, recorded the Rockingham County Registry of Deeds.
Key Highlights
- 3. 25 acre property in a Commercial Zone allowing for a broad range of uses.
- 2,400+\/- square foot garage with a 3,000 gallon underground holding tank.**
- Approximately 30,000 square feet of asphalt parking area.
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
$33,929
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
6.80%
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%
$678,580
$678.6K
Cap Rate 7%
$484,700
$484.7K
Cap Rate 9%
$376,989
$377.0K
Market Conditions
NOI Build-Up for 2,400 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
$51.8K $21.60/SF
− Vacancy
−$3.4K −$1.40/SF
EGI
$48.5K $20.20/SF
− OpEx
−$14.5K −$6.06/SF
NOI
$33.9K $14.14/SF
Area
Rockingham County, NH
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$678,580
Cap Rate 7%
$484,700
Cap Rate 9%
$376,989
Alternative Uses
Best Use
Retail
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 6.80%
Second Best
Industrial
$212.0K
$185.5K – $247.4K
NOI $14,843 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$799.0K
$699.2K – $932.2K
NOI $55,932 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Mobil
Shops & Services
5,500 visits/mo
0.4 miles
SUBWAY
Dining
1,701 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
619 visits/mo
0.5 miles
Demographics for 03077, NH
10,684
Population
4,521
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
371
Density / Sq Mi
$92,002
Median Household Income
$48,544
Median Earnings
$1,380
Median Rent
$342,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with garage and storage in Raymond, New Hampshire.
Where is this auto shop located?
The property is located at 75 Route 27 Raymond, 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: 3. 25 acre property in a Commercial Zone allowing for a broad range of uses.; 2,400+\/- square foot garage with a 3,000 gallon underground holding tank.**; Approximately 30,000 square feet of asphalt parking area.
