Flex Space with Open
For Sale
Contact for pricing
198 Londonderry Turnpike, Hooksett, NH 03106
Bright, adaptable interiors can accommodate a range of commercial configurations.
Property Size2,297 SF
Price / SF$1.44
Days on Market106
Property Features for 198 Londonderry Turnpike
General Information
Standard status
Active
Size
2,297 SF
Property subtype
Commercial
Additional Details
Property Use
Flex Space
Listing Agency:
Longview Commercial Real Estate
Listed By:
Andrew Paluch
(802) 772-5052
Source:
Longviewcre
Added: Jul 16
Changed: Oct 29
Last Checked: Oct 29 at 2:34PM
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 Longview Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 2,297-square-foot flex property in Hooksett features an open interior and abundant natural light. The adaptable layout can be customized for a business operation, with potential applications spanning professional, medical, wellness, fitness, educational, creative, retail, and service-oriented uses.
The property is situated on Londonderry Turnpike and includes on-site parking. Its location provides access along this commercial corridor.
The property is situated on Londonderry Turnpike and includes on-site parking. Its location provides access along this commercial corridor.
Key Highlights
- 2,297 SF of flex space
- Open layout with abundant natural light
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,319
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,380
$326.4K
Cap Rate 7%
$233,129
$233.1K
Cap Rate 9%
$181,322
$181.3K
Market Conditions
NOI Build-Up for 2,297 SF
Gross rent
$26.7K $11.64/SF
− Vacancy
−$1.6K −$0.71/SF
EGI
$25.1K $10.93/SF
− OpEx
−$8.8K −$3.83/SF
NOI
$16.3K $7.10/SF
Area
Merrimack County, NH
Vacancy
6.10%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,380
Cap Rate 7%
$233,129
Cap Rate 9%
$181,322
Alternative Uses
Best Use
Office B
$458.8K
$401.4K – $535.2K
NOI $32,113 @ 7.0% cap · market cap 973.12%
Second Best
Industrial
$248.9K
$217.8K – $290.4K
NOI $17,425 @ 7.0% cap · market cap 528.03%
Theoretical Best
Office A
$598.1K
$523.3K – $697.8K
NOI $41,866 @ 7.0% cap · market cap 1,268.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 03106, NH
14,799
Population
5,679
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
36.0 sq mi
ZIP Area
411
Density / Sq Mi
$107,137
Median Household Income
$49,950
Median Earnings
$1,638
Median Rent
$371,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Bright, adaptable interiors can accommodate a range of commercial configurations.
Where is this flex space located?
The property is located at 198 Londonderry Turnpike Hooksett, NH.
What are key features of this property?
This property features: 2,297 SF of flex space; Open layout with abundant natural light; On‑site parking
