Flex Unit with
New
For Sale
$339,900
17 Route 125 #11, Kingston, NH 03048
Industrial-zoned unit combines front-office space, an open mezzanine, overhead doors, and three-phase electrical service.
Property Size2,100 SF
Price / SF$161.86
Days on Market2
Property Features for 17 Route 125 #11
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
4
Zoning
Industrial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Power
200 amps
Three-Phase Power
Yes
Additional Details
HOA Fee
$450
Building Details
Year Built
2008
Listing Agency:
Sue Padden Real Estate LLC
Listed By:
Susan Padden
(603) 887-2792
Source:
Laerrealty
Added: Sep 6
Last Checked: Sep 7 at 4:51AM
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 Sue Padden Real Estate LLC
Investment Insights
Based on property information with market context.
Unit 11 at Commerce Park is a 2,100-square-foot flex property with a front office and open mezzanine. The building, constructed in 2008, includes 14-foot overhead doors, 200-amp 3-phase electrical service, dual-zone air conditioning, and propane heat. Industrial zoning supports the property’s commercial and operational layout.
The unit is located at 17 Route 125 in Kingston, New Hampshire, with four parking spaces allocated per unit. Association services cover landscaping, snow removal, trash removal, water, and sewer, providing shared property maintenance and utility-related services for occupants.
The unit is located at 17 Route 125 in Kingston, New Hampshire, with four parking spaces allocated per unit. Association services cover landscaping, snow removal, trash removal, water, and sewer, providing shared property maintenance and utility-related services for occupants.
Key Highlights
- 2,100‑square‑foot flex unit at Commerce Park
- Front office plus open mezzanine
- 14‑foot overhead 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
$24,069
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
7.08%
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%
$481,380
$481.4K
Cap Rate 7%
$343,843
$343.8K
Cap Rate 9%
$267,433
$267.4K
Market Conditions
NOI Build-Up for 2,100 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
$39.8K $18.96/SF
− Vacancy
−$2.8K −$1.33/SF
EGI
$37.0K $17.63/SF
− OpEx
−$13.0K −$6.17/SF
NOI
$24.1K $11.46/SF
Area
Rockingham County, NH
Vacancy
7.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$481,380
Cap Rate 7%
$343,843
Cap Rate 9%
$267,433
Alternative Uses
Best Use
Office B
$515.0K
$450.6K – $600.8K
NOI $36,050 @ 7.0% cap · market cap 10.61%
Second Best
Flex RnD
$343.8K
$300.9K – $401.2K
NOI $24,069 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$699.1K
$611.8K – $815.7K
NOI $48,940 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03048, NH
3,353
Population
1,560
Households
2.1
Avg Household Size
46
Median Age
23%
College-Educated
86%
High-School Grad
28.3 sq mi
ZIP Area
118
Density / Sq Mi
$90,938
Median Household Income
$47,372
Median Earnings
$1,199
Median Rent
$275,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned unit combines front-office space, an open mezzanine, overhead doors, and three-phase electrical service.
Where is this flex space located?
The property is located at 17 Route 125 #11 Kingston, NH.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 2,100‑square‑foot flex unit at Commerce Park; Front office plus open mezzanine; 14‑foot overhead doors
