Building Details

Building Size 5,000 SF

Year Built 2013

Listing Agency: Sperry - Commercial Realty Associates a***@sperrycga.com Show Phone

Listed By: Alexander Berube · License #NH #078922

Source: Sperrycga

Added: Jul 25 Changed: Aug 26 Last Checked: Aug 28 at 8:12AM

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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 Sperry - Commercial Realty Associates

Investment Insights

Based on property information with market context.

Well-maintained commercial property totaling 5,000 square feet, combining 2,000 square feet of built-out office and showroom space with a kitchenette and 3,000 square feet of garage/warehouse space. The warehouse portion is served by three 12-foot drive-in doors, supporting efficient loading and storage needs.

The property is located on high-visibility Route 16 in the Lakes Region, with dedicated parking and a small yard area. Additional features include a backup generator and professional landscaping.

Designed for flexible day-to-day operations, the combination of office/showroom space and multi-door garage area provides a practical setup for businesses that want both customer-facing space and functional warehouse access.

Key Highlights

• 5,000 SF commercial property on high‑visibility Route 16 in New Hampshire
• Includes 2,000 SF built‑out office and showroom space with kitchenette
• 3,000 SF garage space with three 12‑foot drive‑in doors

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

$49,327

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

4.70%

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%

$986,540 $986.5K

Cap Rate 7%

$704,671 $704.7K

Cap Rate 9%

$548,078 $548.1K

Market Conditions

NOI Build-Up for 5,000 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

$62.4K $12.48/SF

− Vacancy

−$4.4K −$0.87/SF

EGI

$58.0K $11.61/SF

− OpEx

−$8.7K −$1.74/SF

NOI

$49.3K $9.87/SF

Area

Carroll County, NH

Vacancy

7.00%

Lease Rate

$12.48 /SF/Yr

Expense Ratio

15.00%

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%

$986,540

Cap Rate 7%

$704,671

Cap Rate 9%

$548,078

Alternative Uses

Best Use

Warehouse

$704.7K

$616.6K – $822.1K (±1% cap)

NOI $49,327 @ 7.0% cap · market cap 4.70%

Second Best

Industrial

$583.4K

$510.5K – $680.7K (±1% cap)

NOI $40,841 @ 7.0% cap · market cap 3.89%

Theoretical Best

Office A

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,394 @ 7.0% cap · market cap 8.33%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Broadband Access Services ... Telecommunications Service

Suggested Use

Top Pick HVAC Service Auto Parts Store Big Box & Wholesale Store Auto Repair Shop Plumbing Service Storage Facility

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

31

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03872, NH

3,981

Population

2,435

Households

1.6

Avg Household Size

51

Median Age

33%

College-Educated

97%

High-School Grad

52.0 sq mi

ZIP Area

77

Density / Sq Mi

$91,563

Median Household Income

$65,668

Median Earnings

$950

Median Rent

$319,900

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - 5,000 SF property includes built-out office/showroom space, 3 drive-in doors, and dedicated parking on high-visibility Route 16.

Where is this flex space located?

The property is located at 1667 White Mountain Highway Sanbornville, NH.

What is the asking price?

The asking price for this property is $1,049,000.

What are key features of this property?

This property features: 5,000 SF commercial property on high‑visibility Route 16 in New Hampshire; Includes 2,000 SF built‑out office and showroom space with kitchenette; 3,000 SF garage space with three 12‑foot drive‑in doors