Flex Space with
New
For Sale
$339,900
17 Route 125, Kingston, NH 03048
Front office, open mezzanine, overhead access, and dedicated parking support flexible business use.
Property Size2,100 SF
Price / SF$161.86
Days on Market6
Property Features for 17 Route 125
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
Year Built
2008
Listing Agency:
Sue Padden Real Estate LLC
Listed By:
Susan Padden
(603) 642-5171
Source:
Mbgre
Added: Sep 2
Changed: Sep 6
Last Checked: Sep 6 at 2:17PM
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 is a 2,100-square-foot flex space in a 2008-built commercial property. The layout includes a front office and open mezzanine, with overhead doors measuring 14 feet. Building systems include 200 amp 3-phase electrical service, dual-zone air conditioning, and propane heat.
The property is located at 17 Route 125 in Kingston, New Hampshire. Four parking spaces are assigned per unit. Association services cover landscaping, snow removal, trash removal, water, and sewer, supporting straightforward day-to-day property operations.
The property is located at 17 Route 125 in Kingston, New Hampshire. Four parking spaces are assigned per unit. Association services cover landscaping, snow removal, trash removal, water, and sewer, supporting straightforward day-to-day property operations.
Key Highlights
- 2,100‑square‑foot Unit 11 in a 2008‑built commercial property
- Front office plus open mezzanine layout
- 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
Property Profile
Current Use
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 Industrial 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 - Front office, open mezzanine, overhead access, and dedicated parking support flexible business use.
Where is this flex space located?
The property is located at 17 Route 125 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 Unit 11 in a 2008‑built commercial property; Front office plus open mezzanine layout; 14‑foot overhead doors
