Two-Story Mixed-Use
New
For Sale
$749,900
14 Church Street, Kingston, NH 03848
Commercial Sale, Kingston, NH
Property Size3,063 SF
Lot Size0.70 Acres
Price / SF$244.83
Days on Market2
Property Features for 14 Church Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HD1AQ
Rooms
Basement
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Lot features
In Town, Landscaped
Standard status
Active
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11105
Utilities
Utilities
Cable Available
Heating system
Forced Air, Electric (Heating), Oil
Water source
Private
Water front
1
Amenities
high-speed internet infrastructure
Building Details
Year built
1950
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
The Merrill Bartlett Group
(603) 642-5171
Listed By:
Karen Lumnah
(603) 583-2322
Added: Sep 4
Last Checked: Sep 5 at 12:06AM
MLS# 5108249
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 two-story mixed-use property combines commercial space with flexible supporting improvements. The upper level is configured as a converted one-bedroom apartment that can be used for live-work purposes or reworked into office or retail space. A 1,750 SF lower-level walkout garage and basement adds storage and operational capacity. The commercial facility includes three half-baths and one 3/4 bath, along with high-speed internet infrastructure and off-street parking.
The sale also includes an adjacent 1,998 SF single-family home with two bedrooms, an updated bathroom, and a historic barn. Capital improvements include an updated roof, vinyl siding, modern windows, an upgraded heating system, and lead mitigation. The property is zoned HD1AQ and includes an accessible approach with ramp.
The sale also includes an adjacent 1,998 SF single-family home with two bedrooms, an updated bathroom, and a historic barn. Capital improvements include an updated roof, vinyl siding, modern windows, an upgraded heating system, and lead mitigation. The property is zoned HD1AQ and includes an accessible approach with ramp.
Key Highlights
- 1,750 SF lower‑level walkout garage and basement
- Adjacent 1,998 SF single‑family home included
- Upper level configured as a converted one‑bedroom apartment
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
Mixed Use
$407.6K
$356.7K – $475.5K
NOI $28,532 @ 7.0% cap · market cap 3.80%
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 layout includes an upper-level apartment conversion and lower-level walkout garage/basement.
Where is this mixed-use property located?
The property is located at 14 Church Street 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: 1,750 SF lower‑level walkout garage and basement; Adjacent 1,998 SF single‑family home included; Upper level configured as a converted one‑bedroom apartment
