Garage Condominium Storage
2-1853 Ragged Mountain Hwy Alexandria, NH 03222
2-1853 Ragged Mountain Hwy, Alexandria, NH, 03222
$219,000
For Sale
$219,000
Newly constructed garage condo with a 14’ overhead door and 16’ ceiling height for vehicle and storage use.
Property Size1,188 SF
Price / SF$184.34
Days on Market76
Property Features for 2-1853 Ragged Mountain Hwy
General Information
- Standard status
- Active
- Size
- 1,188 SF
Listing agency
Old Mill Properties REALTORS
(603) 744-8526
Listed by
Lorna Platts Sirois
(603) 744-8526
Source
Exprealty
Added: May 8 Updated: Jul 21 at 5:13AM Checked: Jul 21 at 5:13AM
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 Old Mill Properties REALTORS
Investment Insights
Based on property information with market context.
Newfound Toy Vault presents a newly constructed garage condominium unit with a 22’ x 54’ footprint, a 14’ overhead door, and a 16’ ceiling height. The interior includes sheetrocked and primed walls and features 6” insulated exterior walls. An automatic garage door opener and 100 amp electrical service are provided. The unit is described as accommodating up to 6 cars and includes a 12’ x 21’ mezzanine for added storage.
The property is located at 2-1853 Ragged Mountain Hwy in Alexandria, NH, within the context of a gated facility. Public remarks also note gated entrance and video surveillance are coming soon.
Additional available upgrades include epoxy floors and a mini-split unit for heat and A/C. The unit is listed with a quarterly association fee of $380.25.
The property is located at 2-1853 Ragged Mountain Hwy in Alexandria, NH, within the context of a gated facility. Public remarks also note gated entrance and video surveillance are coming soon.
Additional available upgrades include epoxy floors and a mini-split unit for heat and A/C. The unit is listed with a quarterly association fee of $380.25.
Key Highlights
- Newly constructed garage condo unit measuring 22' x 54' in NH's Lakes Region
- 14' overhead door with 16' ceiling height designed for vehicle and high‑clearance storage
- Includes 100 amp electrical service, automatic garage door opener, and 6'' insulated exterior walls
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.4k | $13.80 |
| − Vacancy | −$951 | −$0.80 |
| EGI | $15.4k | $13.00 |
| − OpEx | −$2.3k | −$1.95 |
| NOI | $13.1k | $11.05 |
1,188 SF · lease $13.80/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$187.5K
$164.1K – $218.8K
NOI $13,127 @ 7.0% cap · market cap 5.99%
Second Best
Self Storage
$166.6K
$145.8K – $194.4K
NOI $11,663 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$261.3K
$228.7K – $304.9K
NOI $18,293 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Newly constructed garage condo with a 14’ overhead door and 16’ ceiling height for vehicle and storage use.
Where is this self storage facility located?
The property is located at 2-1853 Ragged Mountain Hwy Alexandria, NH.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Newly constructed garage condo unit measuring 22' x 54' in NH's Lakes Region; 14' overhead door with 16' ceiling height designed for vehicle and high‑clearance storage; Includes 100 amp electrical service, automatic garage door opener, and 6'' insulated exterior walls
