Building Details

Year Built 2004

Listing Agency: Bill Mouflouze & Associates Real Estate

Listed By: Bill Mouflouze Show Phone

Source: Churchillprop

Added: Sep 30, 2024 Changed: Oct 4 Last Checked: Oct 5 at 3:27PM

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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 Bill Mouflouze & Associates Real Estate

Investment Insights

Based on property information with market context.

This 4,200 sq ft stand-alone industrial metal building is a condominium property located just off Route 33, offering quick access to I-95. The property features a wide-open layout with a small office and bathroom, complemented by ample parking space. It benefits from a shared road and septic system, with town sewer services available at the street. The commercial zoning of the property accommodates a variety of uses. Signage with good visibility is possible, facing Route 33.

Key Highlights

• 4,200 sq ft stand alone industrial metal building condominium.
• Quick access to Rte 33 and I‑95.
• Commercial zoning allows lots of uses.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,138

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$962,760 $962.8K

Cap Rate 7%

$687,686 $687.7K

Cap Rate 9%

$534,867 $534.9K

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$79.6K $18.96/SF

− Vacancy

−$5.6K −$1.33/SF

EGI

$74.1K $17.63/SF

− OpEx

−$25.9K −$6.17/SF

NOI

$48.1K $11.46/SF

Area

Rockingham County, NH

Vacancy

7.00%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$962,760

Cap Rate 7%

$687,686

Cap Rate 9%

$534,867

Alternative Uses

Best Use

Flex RnD

$687.7K

$601.7K – $802.3K (±1% cap)

NOI $48,138 @ 7.0% cap · market cap 8.09%

Second Best

Industrial

$371.1K

$324.7K – $432.9K (±1% cap)

NOI $25,976 @ 7.0% cap · market cap 4.37%

Theoretical Best

Office A

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,881 @ 7.0% cap · market cap 16.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Arens Stoneworks Construction Company

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Law Firm Furniture & Home Goods Grocery & Convenience Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

237

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03840, NH

4,076

Population

1,686

Households

2.4

Avg Household Size

47

Median Age

53%

College-Educated

98%

High-School Grad

10.5 sq mi

ZIP Area

388

Density / Sq Mi

$147,132

Median Household Income

$69,375

Median Earnings

$1,890

Median Rent

$595,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 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 flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - 4,200 sq ft industrial condominium with convenient highway access.

Where is this flex space located?

The property is located at 434 Portsmouth Avenue Greenland, NH.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: 4,200 sq ft stand alone industrial metal building condominium.; Quick access to Rte 33 and I‑95.; Commercial zoning allows lots of uses.