Auto Shop with Garage
For Sale
$475,000
129 Route 16B, Ossipee, NH 03814
Commercial Sale, Ossipee, NH
Property Size3,800 SF
Lot Size0.37 Acres
Price / SF$125
Days on Market443
Property Features for 129 Route 16B
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Lot features
Country Setting, Neighbor Business
Directions
From junction Route 16 and Route 26 West, head east one block and take a right. Property is 1/4 mile on the left.
Standard status
Active
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3260
Utilities
Utilities
Cable Available
Heating system
Oil
Water source
Public
Building Details
Year built
1988
Building materials
Wood Frame, Aluminum Siding, Vinyl Siding
Roof type
Shingle
Listing Agency:
Coldwell Banker Realty Gilford NH · Coldwell Banker Real Estate
(603) 524-2255
Listed By:
Reed Heath
(603) 524-2255
Added: Jun 4, 2025
Changed: Aug 20
Last Checked: Aug 20 at 8:06PM
MLS# 5044842
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive property includes approximately 3,800 square feet of garage and office space serving auto body and mechanical repair functions. The building was constructed in 1988 and features wood-frame construction with aluminum and vinyl siding, an oil heating system, and a shingle roof. Equipment may be negotiated as part of the transaction.
The property occupies 0.37 acres at 129 Route 16B in Ossipee, New Hampshire. Public water serves the site, and cable is available. The operation has been in place for over 35 years, providing a physical setup suited to an established automotive business.
The property occupies 0.37 acres at 129 Route 16B in Ossipee, New Hampshire. Public water serves the site, and cable is available. The operation has been in place for over 35 years, providing a physical setup suited to an established automotive business.
Key Highlights
- Approximately 3,800 square feet of garage and office space
- 0.37‑acre automotive property at 129 Route 16B
- Auto body and mechanical repair operation established for over 35 years
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
$38,384
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
8.08%
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%
$767,680
$767.7K
Cap Rate 7%
$548,343
$548.3K
Cap Rate 9%
$426,489
$426.5K
Market Conditions
NOI Build-Up for 3,800 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
$59.3K $15.60/SF
− Vacancy
−$4.4K −$1.17/SF
EGI
$54.8K $14.43/SF
− OpEx
−$16.5K −$4.33/SF
NOI
$38.4K $10.10/SF
Area
Carroll County, NH
Vacancy
7.50%
Lease Rate
$15.60 /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%
$767,680
Cap Rate 7%
$548,343
Cap Rate 9%
$426,489
Alternative Uses
Best Use
Retail
$548.3K
$479.8K – $639.7K
NOI $38,384 @ 7.0% cap · market cap 8.08%
Second Best
Industrial
$443.4K
$388.0K – $517.3K
NOI $31,039 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$948.8K
$830.2K – $1.11M
NOI $66,419 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03814, NH
2,357
Population
1,886
Households
1.2
Avg Household Size
52
Median Age
37%
College-Educated
90%
High-School Grad
33.2 sq mi
ZIP Area
71
Density / Sq Mi
$74,475
Median Household Income
$42,286
Median Earnings
$1,350
Median Rent
$316,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- D & A Auto Body North — 38 Folsom Rd, Center Ossipee, NH 03814
- Ryan's Garage — 20 NH-16B, Center Ossipee, NH 03814
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with garage and office areas, public water, and Com zoning.
Where is this auto shop located?
The property is located at 129 Route 16B Ossipee, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 3,800 square feet of garage and office space; 0.37‑acre automotive property at 129 Route 16B; Auto body and mechanical repair operation established for over 35 years
