Building Details

Building Size 6,052 SF

Year Built 1985

Units 3

Listing Agency: d***@angelviewre.com Show Phone

Listed By: Doris Rollins Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 16 Last Checked: Aug 20 at 10:31AM

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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 Doris Rollins

Investment Insights

Based on property information with market context.

This property is a fully permitted auto salvage business with a transferrable and current auto salvage permit, renewed annually. The property includes a large garage with ample space, two vehicle lifts, a tire changing machine, and an air compressor. A golf cart is also included. There is a gated yard with an additional garage for parking, two storage sheds, and cleared flat land suitable for vehicle storage. The property features a spacious, bright office space with a half bath. The yard has been cleared of all vehicles.

Key Highlights

• Transferable and current auto salvage permit.
• Large garage equipped with two vehicle lifts, tire changing machine, and air compressor.
• Cleared, flat land suitable for vehicle storage.

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

$64,512

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

8.11%

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%

$1,290,240 $1.3M

Cap Rate 7%

$921,600 $921.6K

Cap Rate 9%

$716,800 $716.8K

Market Conditions

NOI Build-Up for 6,052 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

$98.0K $16.20/SF

− Vacancy

−$5.9K −$0.97/SF

EGI

$92.2K $15.23/SF

− OpEx

−$27.6K −$4.57/SF

NOI

$64.5K $10.66/SF

Area

Grafton County, NH

Vacancy

6.00%

Lease Rate

$16.20 /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%

$1,290,240

Cap Rate 7%

$921,600

Cap Rate 9%

$716,800

Alternative Uses

Best Use

Retail

$921.6K

$806.4K – $1.08M (±1% cap)

NOI $64,512 @ 7.0% cap · market cap 8.11%

Second Best

Industrial

$786.7K

$688.4K – $917.9K (±1% cap)

NOI $55,072 @ 7.0% cap · market cap 6.93%

Theoretical Best

Office A

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $93,188 @ 7.0% cap · market cap 11.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Auto shops

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03748, NH

4,626

Population

2,581

Households

1.8

Avg Household Size

48

Median Age

46%

College-Educated

97%

High-School Grad

46.8 sq mi

ZIP Area

99

Density / Sq Mi

$96,335

Median Household Income

$55,308

Median Earnings

$1,403

Median Rent

$338,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Auto shop - Auto salvage business with transferrable permit, garage, and office.

Where is this auto shop located?

The property is located at 1415 Route 4A Enfield, NH.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Transferable and current auto salvage permit.; Large garage equipped with two vehicle lifts, tire changing machine, and air compressor.; Cleared, flat land suitable for vehicle storage.