Two-Story Mixed-Use
New
For Sale
$749,900
14 Church St, Kingston, NH 03848
Flexible commercial building with upper-level residential configuration and lower-level walkout garage space.
Property Size3,063 SF
Price / SF$244.83
Days on Market2
Property Features for 14 Church St
General Information
Standard status
Active
Size
3,063 SF
Amenities
high-speed internet infrastructure
on-site parking
Building Details
Year Built
1950
Buildings
2
Stories
2
Listing Agency:
The Merrill Bartlett Group
Listed By:
Karen D Lumnah
(603) 583-2322
Source:
603luxury
Added: Sep 6
Last Checked: Sep 7 at 11:04AM
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 The Merrill Bartlett Group
Investment Insights
Based on property information with market context.
This 3,063 SF mixed-use building, constructed in 1950, combines commercial space with adaptable upper-level accommodations. The property includes a 1,750 SF lower-level walkout garage and basement, three half-baths, and one 3/4 bath. High-speed internet infrastructure and on-site parking support day-to-day operations, while the upper level can function as a one-bedroom apartment or be converted for additional commercial use.
The offering also includes an adjacent 1,998 SF single-family home with two bedrooms, an updated bathroom, and a historic barn. Building improvements include an updated roof, vinyl siding, modern windows, an upgraded heating system, and lead mitigation. The property is located at 14 Church St in Kingston, NH 03848.
The offering also includes an adjacent 1,998 SF single-family home with two bedrooms, an updated bathroom, and a historic barn. Building improvements include an updated roof, vinyl siding, modern windows, an upgraded heating system, and lead mitigation. The property is located at 14 Church St in Kingston, NH 03848.
Key Highlights
- 3,063 SF mixed‑use building constructed in 1950
- 1,750 SF lower‑level walkout garage and basement
- Upper level configured as a one‑bedroom apartment with potential commercial reconfiguration
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
$52,581
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
7.01%
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%
$1,051,620
$1.1M
Cap Rate 7%
$751,157
$751.2K
Cap Rate 9%
$584,233
$584.2K
Market Conditions
NOI Build-Up for 3,063 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
$80.9K $26.40/SF
− Vacancy
−$10.8K −$3.51/SF
EGI
$70.1K $22.89/SF
− OpEx
−$17.5K −$5.72/SF
NOI
$52.6K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,051,620
Cap Rate 7%
$751,157
Cap Rate 9%
$584,233
Alternative Uses
Best Use
Office B
$751.2K
$657.3K – $876.4K
NOI $52,581 @ 7.0% cap · market cap 7.01%
Second Best
Retail
$618.6K
$541.3K – $721.7K
NOI $43,302 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.02M
$892.3K – $1.19M
NOI $71,383 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with upper-level residential configuration and lower-level walkout garage space.
Where is this mixed-use property located?
The property is located at 14 Church St Kingston, NH.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 3,063 SF mixed‑use building constructed in 1950; 1,750 SF lower‑level walkout garage and basement; Upper level configured as a one‑bedroom apartment with potential commercial reconfiguration
