Anchored Shopping
New
For Sale
$8,120,000
53 Church St, Kingston, NH 03848
Multi-tenant retail property with O'Reilly Auto Parts, Dunkin', US Post Office, and Partners Bank.
Property Size51,926 SF
Price / SF$156.38
Days on Market2
Property Features for 53 Church St
General Information
Standard status
Active
Size
51,926 SF
Property subtype
Shopping Neighborhood
Additional Details
Cap Rate
7.6%
Anchor Co-Tenants
O'Reilly Auto Parts, Dunkin', US Post Office, Partners Bank
Amenities
52,000 SF Shopping Center in Tax Free and Supply Constrained Kingston, NH
Brand New 10-year lease from O'Reilly Auto Parts
Meticulously Maintained by Ownership
Building Details
Building Size
51,926 SF
Year Built
1987
Tenancy
Multi
Listing Agency:
Marcus & Millichap | Boston
(617) 896-7231
Listed By:
Jim Koury · License #License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, CT: REB.0755412, NY: 10301206120
(617) 896-7231
Source:
Marcusmillichap
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 15 at 5:27AM
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 Marcus & Millichap | Boston
Investment Insights
Based on property information with market context.
This shopping center is a multi-tenant retail property completed in 1987. Its tenant roster includes O'Reilly Auto Parts, Dunkin', US Post Office, and Partners Bank, providing a mix of retail, food service, postal, and banking uses within the center.
The property is located at 53 Church St in Kingston, New Hampshire, with a 03848 ZIP code. The established anchor lineup and varied occupancy profile define the asset's commercial identity.
The property is located at 53 Church St in Kingston, New Hampshire, with a 03848 ZIP code. The established anchor lineup and varied occupancy profile define the asset's commercial identity.
Key Highlights
- Anchored by O'Reilly Auto Parts, Dunkin', US Post Office, and Partners Bank
- Shopping center at 53 Church St, Kingston, NH 03848
- Year built: 1987
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
$734,088
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
9.04%
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%
$14,681,760
$14.7M
Cap Rate 7%
$10,486,971
$10.5M
Cap Rate 9%
$8,156,533
$8.2M
Market Conditions
NOI Build-Up for 51,926 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
$1.12M $21.60/SF
− Vacancy
−$72.9K −$1.40/SF
EGI
$1.05M $20.20/SF
− OpEx
−$314.6K −$6.06/SF
NOI
$734.1K $14.14/SF
Area
Rockingham County, NH
Vacancy
6.50%
Lease Rate
$21.60 /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%
$14,681,760
Cap Rate 7%
$10,486,971
Cap Rate 9%
$8,156,533
Alternative Uses
Best Use
Retail
$10.49M
$9.18M – $12.23M
NOI $734,088 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.29M
$15.13M – $20.17M
NOI $1,210,133 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
5,564 visits/mo
0.1 miles
Demographics for 03848, NH
6,202
Population
2,796
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
313
Density / Sq Mi
$103,665
Median Household Income
$53,231
Median Earnings
$1,382
Median Rent
$442,400
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
- Carriage Towne Plaza — 53 Church St, Kingston, NH 03848
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail property with O'Reilly Auto Parts, Dunkin', US Post Office, and Partners Bank.
Where is this shopping center located?
The property is located at 53 Church St Kingston, NH.
What is the asking price?
The asking price for this property is $8,120,000.
What are key features of this property?
This property features: Anchored by O'Reilly Auto Parts, Dunkin', US Post Office, and Partners Bank; Shopping center at 53 Church St, Kingston, NH 03848; Year built: 1987
