Turnkey Auto Dealership
For Sale
$399,995
Pending
187 Dover Rd, Chichester, NH 03258
High-visibility 0.92-acre commercial site on busy Route 4.
Property Size1,000 SF
Lot Size0.92 Acres
Days on Market253
Property Features for 187 Dover Rd
General Information
Standard status
Pending
Size
1,000 SF
Lot size
0.92 Acres
Property subtype
Commercial
Building Details
Building Size
1,000 SF
Year Built
1982
Units
1
Listing Agency:
(603) 848-9999
Listed By:
Connie Mullen
(603) 848-9999
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:51AM
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 Connie Mullen
Investment Insights
Based on property information with market context.
This 0.92-acre commercial site is located on busy Route 4 in Chichester, New Hampshire, offering a turnkey auto dealership opportunity. The property benefits from high traffic, with over 18,000 cars passing by daily. The existing commercial site layout may reduce development time and costs. The location in a core commercial district of Chichester potentially allows for a variety of uses including retail, service, and office. Route 4 provides a steady flow of potential customers and excellent drive-by exposure. The property includes 10k in security cameras. This location is suited for entrepreneurs looking to expand, relocate, or launch a new business where visibility is paramount.
Key Highlights
- High‑visibility location on busy Route 4 with over 18,000 cars per day.
- Turnkey auto dealership opportunity with existing commercial site layout.
- Located on .92 acres in a core commercial district.
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
$11,655
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
2.91%
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%
$233,100
$233.1K
Cap Rate 7%
$166,500
$166.5K
Cap Rate 9%
$129,500
$129.5K
Market Conditions
NOI Build-Up for 1,000 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
$18.0K $18.00/SF
− Vacancy
−$1.4K −$1.35/SF
EGI
$16.7K $16.65/SF
− OpEx
−$5.0K −$5.00/SF
NOI
$11.7K $11.66/SF
Area
Merrimack County, NH
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$233,100
Cap Rate 7%
$166,500
Cap Rate 9%
$129,500
Alternative Uses
Best Use
Retail
$166.5K
$145.7K – $194.3K
NOI $11,655 @ 7.0% cap · market cap 2.91%
Second Best
Industrial
$108.4K
$94.8K – $126.4K
NOI $7,586 @ 7.0% cap · market cap 1.90%
Theoretical Best
Office A
$260.4K
$227.8K – $303.8K
NOI $18,227 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 26%
Dunkin' Donuts
Dining
15,718 visits/mo
0.1 miles
Speedway
Shops & Services
5,658 visits/mo
0.1 miles
Domino's Pizza
Dining
583 visits/mo
0.3 miles
Demographics for 03258, NH
2,625
Population
1,097
Households
2.4
Avg Household Size
46
Median Age
37%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
124
Density / Sq Mi
$111,607
Median Household Income
$54,529
Median Earnings
$1,700
Median Rent
$360,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- NHOU Advanced, Rust Protection — 169 Dover Rd, Chichester, NH 03258
- NH Oil Undercoating inc — 169 Dover Rd, Chichester, NH 03258
- RPW Slicklift — 258 Dover Rd, Chichester, NH 03258
- Campers Inn RV of Chichester Service Center — 263 Dover Rd, Chichester, NH 03258
- New Hampshire Mobile Mechanics — 119 Dover Rd, Chichester, NH 03258
Frequently Asked Questions
What type of property is this?
Auto shop - High-visibility 0.92-acre commercial site on busy Route 4.
Where is this auto shop located?
The property is located at 187 Dover Rd Chichester, NH.
What is the asking price?
The asking price for this property is $399,995.
What are key features of this property?
This property features: High‑visibility location on busy Route 4 with over 18,000 cars per day.; Turnkey auto dealership opportunity with existing commercial site layout.; Located on .92 acres in a core commercial district.
