Building Details

Year Built 1958

Tenancy Multi

Listing Agency: RE/MAX Northern Edge Realty LLC

Listed By: Cassie M Lambertson Show Phone

Source: Carolslocum

Added: Oct 4 Last Checked: Oct 4 at 8:54AM

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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 RE/MAX Northern Edge Realty LLC

Investment Insights

Based on property information with market context.

This mixed-use property spans approximately 32 acres and includes side-by-side duplex apartments that are fully rented, along with a separate one-bedroom guest house equipped with a sauna. An in-ground pool is also on the property.

A recently completed farm store adds retail area, a commercial kitchen, and cold storage. The store can also be leased independently from the broader property. The offering combines residential, guest, and commercial structures on one parcel.

Key Highlights

• Approximately 32 acres
• Fully rented side‑by‑side duplex apartments
• One‑bedroom guest house with sauna

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$91,694

Cap Rate

3.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,833,880 $1.8M

Cap Rate 7%

$1,309,914 $1.3M

Cap Rate 9%

$1,018,822 $1.0M

Market Conditions

NOI Build-Up for 5,443 SF

Gross rent

$137.2K $25.20/SF

− Vacancy

−$6.2K −$1.13/SF

EGI

$131.0K $24.07/SF

− OpEx

−$39.3K −$7.22/SF

NOI

$91.7K $16.85/SF

Area

Rockingham County, NH

Vacancy

4.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,833,880

Cap Rate 7%

$1,309,914

Cap Rate 9%

$1,018,822

Alternative Uses

Best Use

Multifamily LT 5

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,694 @ 7.0% cap · market cap 3.16%

Second Best

Apartment 5plus

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,596 @ 7.0% cap · market cap 2.85%

Theoretical Best

Office A

$1.81M

$1.59M – $2.11M (±1% cap)

NOI $126,849 @ 7.0% cap · market cap 4.37%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Capricorn Rising (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Garden Center Real Estate Agency Computer & Electronic Repair Food Market Gym & Fitness Center Farmer's Market

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 03833, NH

22,662

Population

9,789

Households

2.3

Avg Household Size

47

Median Age

54%

College-Educated

98%

High-School Grad

48.5 sq mi

ZIP Area

467

Density / Sq Mi

$110,566

Median Household Income

$59,220

Median Earnings

$1,632

Median Rent

$456,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - A newly built commercial component offers retail space, food-preparation facilities, and cold storage.

Where is this mixed-use property located?

The property is located at 180 Drinkwater Rd Kensington, NH.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Approximately 32 acres; Fully rented side‑by‑side duplex apartments; One‑bedroom guest house with sauna