Flex Condominium With Drive-In
2 Red Oak Dr #D, Plaistow, NH 03865
For Sale
New
$439,000
Office, workshop, and storage areas are arranged across the first floor and mezzanine.
Property Size2,004 SF
Price / SF$166.79
Days on Market4
Property Features for 2 Red Oak Dr #D
General Information
Standard status
Size
Total Parking Spaces
Lease Term
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Highway Access
Currently Operating
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Century 21 North East
(603) 893-8230
Listed By:
Judy Moynihan
(978) 360-9495
Source:
Iverty
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 1:39PM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
Unit D at Red Oak Business Industrial Condominium contains approximately 2,632 square feet, configured for office, shop, and storage use. The first floor includes two offices and a half bath near the entry, with an 18-foot shop ceiling and a 12' x 14' drive-in door at the rear. A mezzanine provides further office area, a kitchenette, conference space, another half bath, and storage. Central A/C serves the unit, which was built in 2004.
Two dedicated parking spaces sit in front of the unit, with additional shared parking at either end of the building and behind it. The property is just off Route 108. The seller requests a two-month rent-back following closing to allow time to relocate the current business.
Two dedicated parking spaces sit in front of the unit, with additional shared parking at either end of the building and behind it. The property is just off Route 108. The seller requests a two-month rent-back following closing to allow time to relocate the current business.
Key Highlights
- Approximately 2,632 square feet of office, shop, and storage space
- Rear shop features an 18‑foot ceiling and a 12' x 14' drive‑in door
- Mezzanine includes office area, kitchenette, conference space, half bath, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,166
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,320
$603.3K
Cap Rate 7%
$430,943
$430.9K
Cap Rate 9%
$335,178
$335.2K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$49.9K $18.96/SF
− Vacancy
−$3.5K −$1.33/SF
EGI
$46.4K $17.63/SF
− OpEx
−$16.2K −$6.17/SF
NOI
$30.2K $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%
$603,320
Cap Rate 7%
$430,943
Cap Rate 9%
$335,178
Alternative Uses
Best Use
Flex RnD
$430.9K
$377.1K – $502.8K
NOI $30,166 @ 7.0% cap · market cap 6.87%
Second Best
Industrial
$232.5K
$203.5K – $271.3K
NOI $16,278 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$876.3K
$766.7K – $1.02M
NOI $61,339 @ 7.0% cap · market cap 13.97%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
$382,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Office, workshop, and storage areas are arranged across the first floor and mezzanine.
Where is this flex space located?
The property is located at 2 Red Oak Dr #D 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 2,632 square feet of office, shop, and storage space; Rear shop features an 18‑foot ceiling and a 12' x 14' drive‑in door; Mezzanine includes office area, kitchenette, conference space, half bath, and storage
