Building Details

Year Built 2008

Listing Agency: Sue Padden Real Estate LLC

Listed By: Susan Padden Show Phone

Source: Laerrealty

Added: Sep 6 Changed: Oct 13 Last Checked: Oct 23 at 4:18AM

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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 Sue Padden Real Estate LLC

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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.

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 / Yr

$22,752

Cap Rate

6.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$455,040 $455.0K

Cap Rate 7%

$325,029 $325.0K

Cap Rate 9%

$252,800 $252.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$28.5K $13.56/SF

− Vacancy

−$1.7K −$0.81/SF

EGI

$26.8K $12.75/SF

− OpEx

−$4.0K −$1.91/SF

NOI

$22.8K $10.83/SF

Area

Hillsborough County, NH

Vacancy

6.00%

Lease Rate

$13.56 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$455,040

Cap Rate 7%

$325,029

Cap Rate 9%

$252,800

Alternative Uses

Best Use

Office B

$526.7K

$460.9K – $614.5K (±1% cap)

NOI $36,869 @ 7.0% cap · market cap 10.85%

Second Best

Warehouse

$325.0K

$284.4K – $379.2K (±1% cap)

NOI $22,752 @ 7.0% cap · market cap 6.69%

Theoretical Best

Specialty Retail

$3.85M

$3.37M – $4.49M (±1% cap)

NOI $269,325 @ 7.0% cap · market cap 79.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Restaurant Electrical Service Real Estate Agency Grocery & Convenience Store Kitchen & Bath Showroom Auto Parts Store

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

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

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Flex Space with Mezzanine

11-17 Route 125, Kingston, NH 03848

$339,900

2,100 SF

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34 Route 125 Unit 15, Kingston, NH 03848

Contact for pricing

2,500 SF

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Two-Story Mixed-Use Property

14 Church Street, Kingston, NH 03848

$749,900

3,063 SF

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Anchored Shopping Center

53 Church St, Kingston, NH 03848

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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