Building Details

Year Built 1985

Construction exposed brick

Listing Agency: Century 21 Circa 72 Inc. Show Phone

Listed By: Floyd Graham · License #Floyd Graham Show Phone

Source: Longviewcre

Added: Oct 8 Changed: Oct 29 Last Checked: Oct 28 at 3:45PM

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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 Century 21 Circa 72 Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

A first-floor live-work space offers more than 1,200 square feet, with a broad open area and a separate room fitted with built-in cabinets. The interior and building systems have been renovated, including installation of Samsung mini-split units. A kitchen, two bathrooms, exposed brick, and natural light round out the space. Commercial/residential zoning supports both living and business use.

The property is on Route 4, approximately 1.5 miles east of the Epsom traffic circle. Signage and on-site parking are available.

Key Highlights

• More than 1,200 square feet on the first floor
• Commercial/residential zoning supports live‑work use
• Renovated interior and systems, including Samsung mini‑split units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,764

Suggested Prices Based on Cap Rates

Cap Rate 5%

$215,280 $215.3K

Cap Rate 7%

$153,771 $153.8K

Cap Rate 9%

$119,600 $119.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$18.7K $15.60/SF

− Vacancy

−$1.5K −$1.25/SF

EGI

$17.2K $14.35/SF

− OpEx

−$6.5K −$5.38/SF

NOI

$10.8K $8.97/SF

Area

Merrimack County, NH

Vacancy

8.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$215,280

Cap Rate 7%

$153,771

Cap Rate 9%

$119,600

Alternative Uses

Best Use

Office B

$239.7K

$209.7K – $279.6K (±1% cap)

NOI $16,777 @ 7.0% cap · market cap 621.37%

Second Best

Mixed Use

$153.8K

$134.6K – $179.4K (±1% cap)

NOI $10,764 @ 7.0% cap · market cap 398.67%

Theoretical Best

Office A

$312.5K

$273.4K – $364.5K (±1% cap)

NOI $21,872 @ 7.0% cap · market cap 810.07%

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

Live-work space

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Garden Center Auto Repair Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

42

Businesses Nearby

Explore this area Business Placement

Demographics for 03234, NH

4,817

Population

2,026

Households

2.4

Avg Household Size

48

Median Age

39%

College-Educated

92%

High-School Grad

34.4 sq mi

ZIP Area

140

Density / Sq Mi

$92,623

Median Household Income

$53,323

Median Earnings

$1,235

Median Rent

$298,100

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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$499,000

3,176 SF

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$3,000,000

29,700 SF

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Flex Property with Multiple Structures

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$725,000

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Frequently Asked Questions

What type of property is this?

Live-work space - The first-floor layout combines an open work area with a separate room, kitchen, and two bathrooms.

Where is this live-work space located?

The property is located at 1578 Dover Road Epsom, NH.

What are key features of this property?

This property features: More than 1,200 square feet on the first floor; Commercial/residential zoning supports live‑work use; Renovated interior and systems, including Samsung mini‑split units