Flex Space with Showroom and
2 Red Oak Drive, Plaistow, NH 03865
For Sale
New
$439,000
Commercial Sale, Plaistow, NH
Property Size2,655 SF
Lot Size3.89 Acres
Price / SF$165.35
Days on Market1
Property Features for 2 Red Oak Drive
General Information
Property type
Property subtype
Zoning
Zoning description
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Cooling system
Water source
Amenities
Central A/C
office
half baths
shared parking
kitchenette
Building Details
Year built
Building materials
Roof type
Listing Agency:
Century 21 North East · Century 21 Real Estate
(800) 844-7653
Listed By:
Judy Moynihan
(978) 360-9495
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 5117784
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Unit D is a flex condominium with approximately 1,600 square feet of main-level workshop space beneath an 18-foot ceiling. A 12' x 14' drive-in door serves the workshop. Enclosed showroom and office areas occupy the upper level, alongside open mezzanine workspace and storage. The upper-level finish includes tile flooring, granite countertops, and a kitchenette. The property also has central air conditioning, a first-floor office, two half baths, and assigned shared parking.
The combined commercial floor area is approximately 2,655 square feet according to owner-provided measurements; public tax records list 1,600 square feet. The building was constructed in 2004 and is zoned ICR. Cable is available, with private water and propane heat.
The combined commercial floor area is approximately 2,655 square feet according to owner-provided measurements; public tax records list 1,600 square feet. The building was constructed in 2004 and is zoned ICR. Cable is available, with private water and propane heat.
Key Highlights
- Approximately 1,600 square feet of main‑level workshop area; 18‑foot ceiling
- 12' x 14' drive‑in door
- Approximately 2,655 square feet of total commercial area per owner measurements; public records show 1,600 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,430
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,600
$608.6K
Cap Rate 7%
$434,714
$434.7K
Cap Rate 9%
$338,111
$338.1K
Market Conditions
NOI Build-Up for 2,655 SF
Gross rent
$50.3K $18.96/SF
− Vacancy
−$3.5K −$1.33/SF
EGI
$46.8K $17.63/SF
− OpEx
−$16.4K −$6.17/SF
NOI
$30.4K $11.46/SF
Area
Rockingham County, NH
Vacancy
7.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,600
Cap Rate 7%
$434,714
Cap Rate 9%
$338,111
Alternative Uses
Best Use
Flex RnD
$434.7K
$380.4K – $507.2K
NOI $30,430 @ 7.0% cap · market cap 6.93%
Second Best
Industrial
$234.6K
$205.3K – $273.7K
NOI $16,421 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$883.9K
$773.4K – $1.03M
NOI $61,875 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 03865, NH
7,830
Population
3,180
Households
2.5
Avg Household Size
44
Median Age
36%
College-Educated
97%
High-School Grad
10.6 sq mi
ZIP Area
739
Density / Sq Mi
$109,040
Median Household Income
$58,452
Median Earnings
$1,595
Median Rent
$382,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Rockingham County, NH
Properties on Market for Flex space in Rockingham County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - ICR-zoned commercial unit combines workshop, enclosed showroom and office areas, mezzanine workspace, and shared parking.
Where is this flex space located?
The property is located at 2 Red Oak Drive Plaistow, NH.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Approximately 1,600 square feet of main‑level workshop area; 18‑foot ceiling; 12' x 14' drive‑in door; Approximately 2,655 square feet of total commercial area per owner measurements; public records show 1,600 square feet
