Insulated Metal Flex
For Sale
Under Contract
$417,000
23 Summit View Drive, Tamworth, NH 03886
Commercial Sale, Tamworth, NH
Property Size1,500 SF
Lot Size1.17 Acres
Price / SF$278
Days on Market122
Property Features for 23 Summit View Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
01 - TAMWORTH
Parking features
Paved or Surfaced
Lot features
Level, Major Road Frontage
Standard status
Active Under Contract
Lot size
1.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1611
Utilities
Utilities
Cable Available
Sewer type
Septic Needed
Water source
Well Needed
Building Details
Year built
2025
Building materials
Metal, Metal Siding
Roof type
Metal
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro · Keller Williams Realty
(603) 610-8500
Listed By:
Adam Dow · License #056660
(603) 610-8500
Added: Apr 23
Changed: Aug 20
Last Checked: Aug 22 at 11:06PM
MLS# 5085077
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.
Investment Insights
Based on property information with market context.
This flex-space property includes a 1,500-square-foot insulated metal garage on a 1.17-acre lot. The building has a 30-by-50-foot footprint, a covered pedestrian entrance, and three bay doors: two measuring 12 by 12 feet and one measuring 14 by 12 feet. Metal siding and a metal roof complement the under-construction building, which was built in 2025. The site is fenced and gated, with paved or surfaced parking.
Frontage along NH Route 25 provides exposure to an average of 4,500 vehicles per day. Club Motorsports is located less than 1 mile away. The property is zoned 01 - TAMWORTH, with cable available; a well and septic system are identified as needed in the property information. The 1.17-acre parcel also provides room for additional site development, subject to applicable approvals.
Frontage along NH Route 25 provides exposure to an average of 4,500 vehicles per day. Club Motorsports is located less than 1 mile away. The property is zoned 01 - TAMWORTH, with cable available; a well and septic system are identified as needed in the property information. The 1.17-acre parcel also provides room for additional site development, subject to applicable approvals.
Key Highlights
- 1.17‑acre lot with a 1,500‑square‑foot garage building
- Three bay doors: two 12'x12' doors and one 14'x12' door
- 30'x50' building footprint with covered pedestrian entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,252
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$245,040
$245.0K
Cap Rate 7%
$175,029
$175.0K
Cap Rate 9%
$136,133
$136.1K
Market Conditions
NOI Build-Up for 1,500 SF
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.
Gross rent
$18.7K $12.48/SF
− Vacancy
−$1.2K −$0.81/SF
EGI
$17.5K $11.67/SF
− OpEx
−$5.3K −$3.50/SF
NOI
$12.3K $8.17/SF
Area
Carroll County, NH
Vacancy
6.50%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$245,040
Cap Rate 7%
$175,029
Cap Rate 9%
$136,133
Alternative Uses
Best Use
Industrial
$175.0K
$153.2K – $204.2K
NOI $12,252 @ 7.0% cap · market cap 2.94%
Second Best
Flex RnD
$163.4K
$143.0K – $190.6K
NOI $11,437 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4,500 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03886, NH
1,977
Population
1,019
Households
1.9
Avg Household Size
50
Median Age
30%
College-Educated
98%
High-School Grad
34.4 sq mi
ZIP Area
57
Density / Sq Mi
$77,955
Median Household Income
$32,051
Median Earnings
$1,142
Median Rent
$360,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced, gated commercial property with paved access, flexible interior space, and NH Route 25 frontage.
Where is this flex space located?
The property is located at 23 Summit View Drive Tamworth, NH.
What is the asking price?
The asking price for this property is $417,000.
What are key features of this property?
This property features: 1.17‑acre lot with a 1,500‑square‑foot garage building; Three bay doors: two 12'x12' doors and one 14'x12' door; 30'x50' building footprint with covered pedestrian entrance
