Oceanfront Three-Unit
For Sale
$3,750,000
203 Ocean Boulevard, Hampton, NH 03842
Oceanfront retail building with separate rental suites, individual utilities, and large display windows.
Property Size12,142 SF
Price / SF$308.85
Days on Market63
Property Features for 203 Ocean Boulevard
General Information
Standard status
Active
Size
12,142 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
large storefront windows
prominent signage exposure
flexible layouts
individual utilities
close proximity to parking
Building Details
Year Built
1955
Buildings
1
Tenancy
Multi
Listing Agency:
Carey Giampa, LLC/Rye
Listed By:
Lauren Stone
(603) 431-1111
Source:
Carolslocum
Added: Aug 13
Changed: Oct 10
Last Checked: Oct 7 at 2:19PM
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 Carey Giampa, LLC/Rye
Investment Insights
Based on property information with market context.
Built in 1955, 203 Ocean Boulevard is an oceanfront storefront property with three distinct retail rental units. Each suite includes its own utilities, while large storefront windows and dedicated signage exposure support customer-facing retail operations. The layouts are described as flexible, allowing each unit to function independently within the building.
The property is positioned along Ocean Boulevard in Hampton Beach, within a beachfront commercial district serving tourists, beachgoers, and local customers. Nearby parking adds convenience for visitors and tenants. The property is zoned BS1 and has a stable rental history.
The property is positioned along Ocean Boulevard in Hampton Beach, within a beachfront commercial district serving tourists, beachgoers, and local customers. Nearby parking adds convenience for visitors and tenants. The property is zoned BS1 and has a stable rental history.
Key Highlights
- Three separate retail rental units within one oceanfront building
- Individual utilities serve each retail unit
- Large storefront windows and prominent signage exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,654
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,433,080
$3.4M
Cap Rate 7%
$2,452,200
$2.5M
Cap Rate 9%
$1,907,267
$1.9M
Market Conditions
NOI Build-Up for 12,142 SF
Gross rent
$262.3K $21.60/SF
− Vacancy
−$17.0K −$1.40/SF
EGI
$245.2K $20.20/SF
− OpEx
−$73.6K −$6.06/SF
NOI
$171.7K $14.14/SF
Area
Rockingham County, NH
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,433,080
Cap Rate 7%
$2,452,200
Cap Rate 9%
$1,907,267
Alternative Uses
Best Use
Retail
$2.45M
$2.15M – $2.86M
NOI $171,654 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.04M
$3.54M – $4.72M
NOI $282,969 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
880
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Perkins Restaurant & Bakery
Dining
880 visits/mo
0.4 miles
Demographics for 03842, NH
16,048
Population
9,978
Households
1.6
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,254
Density / Sq Mi
$94,433
Median Household Income
$53,533
Median Earnings
$1,679
Median Rent
$491,600
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Oceanfront retail building with separate rental suites, individual utilities, and large display windows.
Where is this storefront property located?
The property is located at 203 Ocean Boulevard Hampton, NH.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Three separate retail rental units within one oceanfront building; Individual utilities serve each retail unit; Large storefront windows and prominent signage exposure
