Building Details

Year Built 1980

Year Renovated 2022

Tenancy Multi

Listing Agency: Badger Peabody & Smith Realty Show Phone

Listed By: Austin Hale · License #Austin S Hale Show Phone

Source: Longviewcre

Added: Jul 24 Changed: Oct 28 Last Checked: Oct 31 at 11:55PM

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Investment Insights

Based on property information with market context.

The 2,400-square-foot retail unit has an open interior and a 12-by-16-foot storage room at the back. Renovations were completed in 2022, and the space is at street level.

The property sits near the meeting of Rt. 302 and Rt. 16 in Bartlett, New Hampshire.

Key Highlights

• 2,400‑square‑foot retail unit
• Renovated in 2022
• 12‑by‑16‑foot storage area at the rear

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$181,818

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,636,360 $3.6M

Cap Rate 7%

$2,597,400 $2.6M

Cap Rate 9%

$2,020,200 $2.0M

What to ask about pricing

Market Conditions

NOI Build-Up for 18,000 SF

Gross rent

$280.8K $15.60/SF

− Vacancy

−$21.1K −$1.17/SF

EGI

$259.7K $14.43/SF

− OpEx

−$77.9K −$4.33/SF

NOI

$181.8K $10.10/SF

Area

Carroll County, NH

Vacancy

7.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,636,360

Cap Rate 7%

$2,597,400

Cap Rate 9%

$2,020,200

Alternative Uses

Best Use

Retail

$2.60M

$2.27M – $3.03M (±1% cap)

NOI $181,818 @ 7.0% cap · market cap 2,272,725.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.49M

$3.93M – $5.24M (±1% cap)

NOI $314,617 @ 7.0% cap · market cap 3,932,712.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Explore this area Business Placement

Demographics for 03838, NH

1,150

Population

1,677

Households

0.7

Avg Household Size

60

Median Age

33%

College-Educated

98%

High-School Grad

22.8 sq mi

ZIP Area

50

Density / Sq Mi

$68,050

Median Household Income

$1,409

Median Rent

$401,100

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

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Frequently Asked Questions

What type of property is this?

Retail space - Street-level space includes a separate rear storage area and an open interior layout.

Where is this retail space located?

The property is located at 15 US Route 302 Bartlett, NH.

What are key features of this property?

This property features: 2,400‑square‑foot retail unit; Renovated in 2022; 12‑by‑16‑foot storage area at the rear