173 Garvins Falls Road, Concord, NH 03301

Building Details

Year Built 2005 More

Listing Agency: BHG Masiello Concord

Listed By: Susan Roemer Show Phone

Source: Sugarbushrealestate

Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 6:07AM

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Investment Insights

Based on property information with market context.

Built in 2005, this mixed-use property combines a three-bay garage with an upper-level loft-style residence. The garage includes double-deep bays, with the end bay extending to triple depth, plus an office, full bathroom and slop sink. Insulated walls, a sealed floor and high ceilings supported by I-beams add practical features for workspace or storage. Two garage doors measure 9 by 8 feet, and the larger door measures 11.8 by 8 feet.

Above, an open living area and kitchen feature vaulted ceilings, oversized windows and a granite island. The kitchen also has a double oven, gas cooktop and extensive cabinetry. A tiled shower, laundry area and walk-in closet space complete the living level. The property is zoned Office Park Performance and is located minutes from downtown Concord, with nearby walking trails and access to the Soucook River.

Key Highlights

• Three‑bay garage with double‑deep bays and a triple‑deep end bay
• Garage doors measure 9’ x 8’ and 11.8’ x 8’
• Garage includes a separate office, full bath and slop sink

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,291

Cap Rate

7.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$885,820 $885.8K

Cap Rate 7%

$632,729 $632.7K

Cap Rate 9%

$492,122 $492.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,168 SF

Gross rent

$68.4K $21.60/SF

− Vacancy

−$9.4K −$2.96/SF

EGI

$59.1K $18.64/SF

− OpEx

−$14.8K −$4.66/SF

NOI

$44.3K $13.98/SF

Area

Merrimack County, NH

Vacancy

13.70%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$885,820

Cap Rate 7%

$632,729

Cap Rate 9%

$492,122

Alternative Uses

Best Use

Office B

$632.7K

$553.6K – $738.2K (±1% cap)

NOI $44,291 @ 7.0% cap · market cap 7.39%

Second Best

Mixed Use

$406.0K

$355.2K – $473.6K (±1% cap)

NOI $28,417 @ 7.0% cap · market cap 4.74%

Theoretical Best

Office A

$824.9K

$721.8K – $962.4K (±1% cap)

NOI $57,742 @ 7.0% cap · market cap 9.64%

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

Property Analytics

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Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Plumbing Service Big Box & Wholesale Store Grocery & Convenience Store Carpet & Flooring Store Building Supply Kitchen & Bath Showroom

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

3

Businesses Nearby

Explore this area Business Placement

Demographics for 03301, NH

33,352

Population

14,486

Households

2.3

Avg Household Size

43

Median Age

42%

College-Educated

92%

High-School Grad

49.2 sq mi

ZIP Area

678

Density / Sq Mi

$85,943

Median Household Income

$49,749

Median Earnings

$1,355

Median Rent

$344,300

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Office Park Performance zoning accompanies loft-style living space above flexible garage and office areas.

Where is this mixed-use property located?

The property is located at 173 Garvins Falls Road Concord, NH.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Three‑bay garage with double‑deep bays and a triple‑deep end bay; Garage doors measure 9’ x 8’ and 11.8’ x 8’; Garage includes a separate office, full bath and slop sink