Mixed-Use Investment
For Sale
$2,175,000
93A Plaistow Rd, Plaistow, NH 03865
Fully occupied mixed-use property with seven apartments and four retail/office suites, plus owner garage/storage space.
Property Size12,119 SF
Days on Market40
Property Features for 93A Plaistow Rd
General Information
Standard status
Active
Size
12,119 SF
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
6 x 1BR, 1 x 2BR
Multifamily Units
7
Additional Details
Road Access
Yes
Building Details
Building Size
12,119 SF
Year Built
1987
Units
11
Tenancy
Multi
Listing Agency:
NAI Norwood Group
Listed By:
Deana Arden · License #069047
(603) 431-3001
Source:
Elliman
Added: Jul 28
Changed: Sep 4
Last Checked: Sep 4 at 8:57AM
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.
This fully occupied mixed-use property combines residential and commercial income in one investment. The building has seven residential apartments, including six one-bedroom units and one two-bedroom unit. In addition, there are four leased retail/office suites. An owner garage/storage space is also included and may offer additional rental income potential.
The property is located on Route 125 in Plaistow, New Hampshire, with access to both New Hampshire and Massachusetts. Public remarks note ample on-site parking and strong visibility along this highly traveled corridor.
For investors seeking in-place income, the current configuration provides multiple revenue streams through the residential apartments and the four retail/office suites, supported by the stated strong occupancy of the asset.
The property is located on Route 125 in Plaistow, New Hampshire, with access to both New Hampshire and Massachusetts. Public remarks note ample on-site parking and strong visibility along this highly traveled corridor.
For investors seeking in-place income, the current configuration provides multiple revenue streams through the residential apartments and the four retail/office suites, supported by the stated strong occupancy of the asset.
Key Highlights
- Year built 1987 mixed‑use property in Plaistow, NH with 7 fully occupied residential apartments.
- Apartment mix includes six 1‑bedroom units and one 2‑bedroom unit.
- Four fully leased retail/office suites on highly traveled Route 125.
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
$183,902
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
8.46%
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%
$3,678,040
$3.7M
Cap Rate 7%
$2,627,171
$2.6M
Cap Rate 9%
$2,043,356
$2.0M
Market Conditions
NOI Build-Up for 12,119 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
$349.0K $28.80/SF
− Vacancy
−$14.7K −$1.21/SF
EGI
$334.4K $27.59/SF
− OpEx
−$150.5K −$12.42/SF
NOI
$183.9K $15.17/SF
Area
Rockingham County, NH
Vacancy
4.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$3,678,040
Cap Rate 7%
$2,627,171
Cap Rate 9%
$2,043,356
Alternative Uses
Best Use
Apartment 5plus
$2.63M
$2.30M – $3.07M
NOI $183,902 @ 7.0% cap · market cap 8.46%
Second Best
Retail
$2.45M
$2.14M – $2.86M
NOI $171,329 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$4.03M
$3.53M – $4.71M
NOI $282,433 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 03865, NH
7,830
Population
3,180
Households
2.5
Avg Household Size
44
Median Age
36%
College-Educated
97%
High-School Grad
10.6 sq mi
ZIP Area
739
Density / Sq Mi
$109,040
Median Household Income
$58,452
Median Earnings
$1,595
Median Rent
$382,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied mixed-use property with seven apartments and four retail/office suites, plus owner garage/storage space.
Where is this apartment building located?
The property is located at 93A Plaistow Rd Plaistow, NH.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Year built 1987 mixed‑use property in Plaistow, NH with 7 fully occupied residential apartments.; Apartment mix includes six 1‑bedroom units and one 2‑bedroom unit.; Four fully leased retail/office suites on highly traveled Route 125.
