Veterinary Practice with Real
For Sale
$1,420,000
Pending
7A Hampton Road, Exeter, NH 03833
Profitable veterinary practice with real estate in desirable location.
Property Size2,700 SF
Lot Size0.50 Acres
Days on Market552
Property Features for 7A Hampton Road
General Information
Standard status
Pending
Size
2,700 SF
Lot size
0.50 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$10,384
Building Details
Year Built
1965
Listing Agency:
Ruffner Real Estate, LLC
(603) 686-1343
Listed By:
H Lewis Ruffner
(603) 686-1343
Source:
Exitrealty
Added: Feb 15, 2025
Changed: Aug 8
Last Checked: Jul 23 at 7:52AM
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 Ruffner Real Estate, LLC
Investment Insights
Based on property information with market context.
An established integrative small animal veterinary practice is available for purchase. The land and building are also available. The clinic grosses over $1 million annually and occupies a 2,700 sq ft two-story building. The facility is equipped with 3 exam rooms, a treatment room, surgical suite, recovery room, digital x-ray room, pharmacy, and lab. The files are completely paperless. The second floor includes a staff lunchroom and offices. The experienced staff includes 2 veterinarians, 3 vet techs, a practice manager and receptionist. The selling DVM owner is willing to remain for 1 year or more to ensure a smooth transition and provide mentorship. The building includes a new furnace and hot water heater. The property has ample dedicated parking and is located with easy access to beaches, Boston, the White Mountains and the Lakes region. This turnkey opportunity represents a chance to acquire a ready-made profitable practice with a dedicated team and clientele in a desirable area.
Key Highlights
- Established, profitable veterinary practice grossing over $1 million annually.
- Turnkey opportunity with experienced staff including 2 veterinarians, 3 vet techs, a practice manager and receptionist.
- Desirable Seacoast New Hampshire location with easy access to beaches, Boston, White Mountains, and Lakes Region.
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
$40,460
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
2.85%
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%
$809,200
$809.2K
Cap Rate 7%
$578,000
$578.0K
Cap Rate 9%
$449,556
$449.6K
Market Conditions
NOI Build-Up for 2,700 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
$72.9K $27.00/SF
− Vacancy
−$5.5K −$2.03/SF
EGI
$67.4K $24.98/SF
− OpEx
−$27.0K −$9.99/SF
NOI
$40.5K $14.99/SF
Area
Rockingham County, NH
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$809,200
Cap Rate 7%
$578,000
Cap Rate 9%
$449,556
Alternative Uses
Best Use
Healthcare Medical
$578.0K
$505.8K – $674.3K
NOI $40,460 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.9K
$786.5K – $1.05M
NOI $62,923 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 03833, NH
22,662
Population
9,789
Households
2.3
Avg Household Size
47
Median Age
54%
College-Educated
98%
High-School Grad
48.5 sq mi
ZIP Area
467
Density / Sq Mi
$110,566
Median Household Income
$59,220
Median Earnings
$1,632
Median Rent
$456,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Profitable veterinary practice with real estate in desirable location.
Where is this medical center located?
The property is located at 7A Hampton Road Exeter, NH.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: Established, profitable veterinary practice grossing over $1 million annually.; Turnkey opportunity with experienced staff including 2 veterinarians, 3 vet techs, a practice manager and receptionist.; Desirable Seacoast New Hampshire location with easy access to beaches, Boston, White Mountains, and Lakes Region.
