Flex Space with Office and
New
For Sale
$339,900
17 Route 125 11, Kingston, NH 03048
Commercial unit combines front office space with an open mezzanine and overhead-door access.
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
Property subtype
Commercial
Warehouse & Industrial
Power
200 amps
Three-Phase Power
Yes
Building Details
Building Size
2,100 SF
Year Built
2008
Units
9
Listing Agency:
Sue Padden Real Estate LLC
Listed By:
Susan Padden
(603) 887-2792
Source:
Elliman
Added: Sep 6
Last Checked: Sep 7 at 9:42AM
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 space with a front office and open mezzanine. The unit includes overhead doors measuring 14 feet, 200 amp 3 phase electrical service, dual-zone AC, and propane heat. Four parking spaces are provided per unit.
The property is located at 17 Route 125 in Kingston, NH, with access from Route 125. Association services include landscaping, snow removal, trash removal, water, and sewer. The building was constructed in 2008.
The property is located at 17 Route 125 in Kingston, NH, with access from Route 125. Association services include landscaping, snow removal, trash removal, water, and sewer. The building was constructed in 2008.
Key Highlights
- 2,100 square feet of flex space
- Front office and 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
Flex RnD
$343.8K
$300.9K – $401.2K
NOI $24,069 @ 7.0% cap · market cap 7.08%
Second Best
Warehouse
$219.1K
$191.7K – $255.6K
NOI $15,335 @ 7.0% cap · market cap 4.51%
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
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Balanced
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial unit combines front office space with an open mezzanine and overhead-door access.
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 feet of flex space; Front office and open mezzanine; 14‑foot overhead doors
