Flex Building with Warehouse
For Sale
$1,450,000
141 Sanborn Road, Tilton, NH 03276
Single-story configuration combines light-industrial capacity with finished office accommodation.
Property Size9,955 SF
Lot Size2.98 Acres
Price / SF$145.66
Days on Market10
Property Features for 141 Sanborn Road
General Information
Standard status
Active
Size
9,955 SF
Lot size
2.98 Acres
Property subtype
Commercial
Zoning
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
5,900 SF
Office Build-Out
4,050 SF
Dock-High Doors
1
Drive-In Doors
1
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Amenities
Access to Parking
Access to Restroom(s)
Paved Parking
Building Details
Year Built
1989
Buildings
1
Stories
1
Building Size
9,955 SF
Listing Agency:
Downtown Realty
Listed By:
Matthew Lefebvre
(603) 352-5533
Source:
Hgjohnsonrealestate
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 2:43AM
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 Downtown Realty
Investment Insights
Based on property information with market context.
This single-story flex property contains ±9,955 SF within a private ±2.98 AC setting. The building includes approximately ±5,900 SF of flex and warehouse area alongside ±4,050 SF of finished office space. Warehouse improvements include 12' clear height, one 48" dock, one grade-level 12' x 12' roll-up door, four exterior man doors, heavy 3-phase power at 480/277V, 4-wire service, rigid ductwork, and minimal interior columns. The office area has carpet and hardwood flooring, drywall partitions, propane-fired forced-air heat, and complete air-conditioning coverage. Built in 1989, the property also offers paved on-site parking, a private well and septic system, and a driveway that places the building back from the main road.
The property is in Tilton's primary Industrial zone, directly beside an expanding business park and within an established industrial base. The surrounding commercial area includes Tanger Outlets, BJ's Wholesale Club, The Home Depot, Walmart, and Lowe's. Planned nearby development includes ±60,000 SF of self-storage and a ±125,000 SF manufacturing facility.
The property is in Tilton's primary Industrial zone, directly beside an expanding business park and within an established industrial base. The surrounding commercial area includes Tanger Outlets, BJ's Wholesale Club, The Home Depot, Walmart, and Lowe's. Planned nearby development includes ±60,000 SF of self-storage and a ±125,000 SF manufacturing facility.
Key Highlights
- ±9,955 SF flex building on a private ±2.98 AC lot
- ±5,900 SF of flex/warehouse space and ±4,050 SF of finished office space
- 12' clear height with one 48" dock and one grade‑level 12' x 12' roll‑up door
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
$132,054
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
9.11%
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%
$2,641,080
$2.6M
Cap Rate 7%
$1,886,486
$1.9M
Cap Rate 9%
$1,467,267
$1.5M
Market Conditions
NOI Build-Up for 9,955 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
$203.1K $20.40/SF
− Vacancy
−$27.0K −$2.71/SF
EGI
$176.1K $17.69/SF
− OpEx
−$44.0K −$4.42/SF
NOI
$132.1K $13.27/SF
Area
Belknap County, NH
Vacancy
13.30%
Lease Rate
$20.40 /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%
$2,641,080
Cap Rate 7%
$1,886,486
Cap Rate 9%
$1,467,267
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.20M
NOI $132,054 @ 7.0% cap · market cap 9.11%
Second Best
Flex RnD
$1.63M
$1.43M – $1.90M
NOI $114,051 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,715 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03276, NH
8,766
Population
3,984
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
91%
High-School Grad
39.3 sq mi
ZIP Area
223
Density / Sq Mi
$79,270
Median Household Income
$47,810
Median Earnings
$1,024
Median Rent
$245,500
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?
Flex space - Single-story configuration combines light-industrial capacity with finished office accommodation.
Where is this flex space located?
The property is located at 141 Sanborn Road Tilton, NH.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: ±9,955 SF flex building on a private ±2.98 AC lot; ±5,900 SF of flex/warehouse space and ±4,050 SF of finished office space; 12' clear height with one 48" dock and one grade‑level 12' x 12' roll‑up door
