U.S. Route 4 Commercial
For Sale
$1,450,000
479 US Route 4, Enfield, NH 03748
Flex space building with ample parking and easy access.
Property Size7,488 SF
Lot Size2.59 Acres
Price / SF$290
Days on Market152
Property Features for 479 US Route 4
General Information
Standard status
Active
Size
7,488 SF
Lot size
2.59 Acres
Property subtype
Commercial
Building Details
Building Size
7,488 SF
Year Built
1984
Units
1
Listing Agency:
(603) 632-5757
Listed By:
Leafie Casey Cantlin
(603) 632-5757
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
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 Leafie Casey Cantlin
Investment Insights
Based on property information with market context.
This commercial building is available for sale or lease purchase. The super-insulated building measures 50' x 100' and features drive-in and drive-out access through 14' doors, along with a 15' ceiling height. The second level includes four offices, while the first level offers a receiving area and an additional office. There are also two half baths. The property benefits from driveway access off U.S. Route 4, with 287 feet of road frontage, and driveway access off Lovejoy Brook Road, providing 381 feet of road frontage, totaling 668 feet of road frontage. Ample parking is available. The property is connected to municipal water and sewer services and is located within 5 miles of I-89. The building is suitable for starting or relocating a business.
Key Highlights
- U.S. Rte. 4 Location with 668 Feet of Total Road Frontage (287 Feet on U.S. Rte. 4 and 381 Feet on Lovejoy Brook Road)
- Super Insulated Building with Drive In, Drive Out Through 14' Doors**
- 15' Ceiling Height
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
$54,912
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
3.79%
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%
$1,098,240
$1.1M
Cap Rate 7%
$784,457
$784.5K
Cap Rate 9%
$610,133
$610.1K
Market Conditions
NOI Build-Up for 5,000 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
$96.0K $19.20/SF
− Vacancy
−$11.5K −$2.30/SF
EGI
$84.5K $16.90/SF
− OpEx
−$29.6K −$5.91/SF
NOI
$54.9K $10.98/SF
Area
Grafton County, NH
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
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%
$1,098,240
Cap Rate 7%
$784,457
Cap Rate 9%
$610,133
Alternative Uses
Best Use
Flex RnD
$784.5K
$686.4K – $915.2K
NOI $54,912 @ 7.0% cap · market cap 3.79%
Second Best
Industrial
$650.0K
$568.7K – $758.3K
NOI $45,499 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.10M
$962.4K – $1.28M
NOI $76,990 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03748, NH
4,626
Population
2,581
Households
1.8
Avg Household Size
48
Median Age
46%
College-Educated
97%
High-School Grad
46.8 sq mi
ZIP Area
99
Density / Sq Mi
$96,335
Median Household Income
$55,308
Median Earnings
$1,403
Median Rent
$338,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space building with ample parking and easy access.
Where is this flex space located?
The property is located at 479 US Route 4 Enfield, NH.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: U.S. Rte. 4 Location with **668 Feet of Total Road Frontage** (287 Feet on U.S. Rte. 4 and 381 Feet on Lovejoy Brook Road); Super Insulated Building with Drive In, Drive Out Through 14' Doors**; 15' Ceiling Height
