Mixed-Use Property with Farm
For Sale
$2,900,000
180 Drinkwater Rd, Kensington, NH 03833
A newly built commercial component offers retail space, food-preparation facilities, and cold storage.
Property Size5,443 SF
Lot Size32.00 Acres
Price / SF$532.79
Days on Market29
Property Features for 180 Drinkwater Rd
General Information
Standard status
Active
Size
5,443 SF
Lot size
32.00 Acres
Property subtype
Multi-Family
Amenities
in-ground pool
sauna
commercial kitchen
cold storage
Building Details
Year Built
1958
Tenancy
Multi
Listing Agency:
RE/MAX Northern Edge Realty LLC
Listed By:
Cassie M Lambertson
(603) 723-0972
Source:
Carolslocum
Added: Oct 4
Changed: Oct 25
Last Checked: Oct 7 at 3:53PM
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
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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.
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
NOI $91,694 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,596 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,849 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
