Mixed-Use Building with Detached
For Sale
$549,900
180 Main Street, Kingston, NH 03848
Two-level property combines commercial space with a residential unit and separate building services.
Property Size2,761 SF
Price / SF$199.17
Days on Market146
Property Features for 180 Main Street
General Information
Standard status
Active
Size
2,761 SF
Property subtype
Multi Family
Zoning
HD1AQ
Units
Multifamily Units
1
Office Units
1
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,341
Amenities
detached two-car garage
Propane, Oil, Hot Water
Yes
2
1
Interior
Unfinished
Asphalt Shingle
Wood Frame, Vinyl Siding
Building Details
Year Built
1815
Buildings
1
Stories
2
Tenancy
Single
Owner Occupied
No
Listing Agency:
Great Island Realty LLC
(603) 433-3350
Listed By:
Emil Uliano
(603) 433-3350
Source:
Compass
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 3:22AM
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 Great Island Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property at 180 Main Street includes 2,761 square feet arranged across a commercial first floor and a residential second-floor unit. Both spaces are vacant, and each has separate heat and electric service. A detached two-car garage adds storage or workspace, while the site provides 9+ dedicated parking spaces. The building has a wood-frame and vinyl-sided exterior with asphalt-shingle roofing and dates to 1815.
The property is zoned HD1AQ and lies within the Historic and Aquifer protection district. Any proposed use remains subject to municipal regulations, applicable approvals, and purchaser due diligence with the Town of Kingston. Showings are available by appointment.
The property is zoned HD1AQ and lies within the Historic and Aquifer protection district. Any proposed use remains subject to municipal regulations, applicable approvals, and purchaser due diligence with the Town of Kingston. Showings are available by appointment.
Key Highlights
- 2,761‑square‑foot mixed‑use building with commercial and residential components
- Commercial first floor and residential unit on the second floor
- 9+ dedicated on‑site parking spaces
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
$47,397
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
8.62%
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%
$947,940
$947.9K
Cap Rate 7%
$677,100
$677.1K
Cap Rate 9%
$526,633
$526.6K
Market Conditions
NOI Build-Up for 2,761 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
$72.9K $26.40/SF
− Vacancy
−$9.7K −$3.51/SF
EGI
$63.2K $22.89/SF
− OpEx
−$15.8K −$5.72/SF
NOI
$47.4K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$947,940
Cap Rate 7%
$677,100
Cap Rate 9%
$526,633
Alternative Uses
Best Use
Office B
$677.1K
$592.5K – $790.0K
NOI $47,397 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$598.5K
$523.7K – $698.3K
NOI $41,897 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$919.2K
$804.3K – $1.07M
NOI $64,345 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
1
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 03848, NH
6,202
Population
2,796
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
313
Density / Sq Mi
$103,665
Median Household Income
$53,231
Median Earnings
$1,382
Median Rent
$442,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines commercial space with a residential unit and separate building services.
Where is this mixed-use property located?
The property is located at 180 Main Street Kingston, NH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2,761‑square‑foot mixed‑use building with commercial and residential components; Commercial first floor and residential unit on the second floor; 9+ dedicated on‑site parking spaces
