Building Details

Year Built 1950

Listing Agency: Four Seasons Sotheby's International Realty Show Phone

Listed By: Michelle Carter · License #Michelle R Carter

Source: Longviewcre

Added: Sep 9 Changed: Oct 28 Last Checked: Nov 1 at 1:33AM

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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 Four Seasons Sotheby's International Realty

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Investment Insights

Based on property information with market context.

This 4,957-square-foot office building, constructed in 1950, contains multiple office areas and a flexible interior layout. Paved parking and fast internet service are also available.

The property is in Deering, New Hampshire, minutes from Route 202 and Hillsborough village.

Key Highlights

• 4,957‑square‑foot office building
• Multiple office areas with a flexible interior layout
• Paved parking on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$87,029

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,740,580 $1.7M

Cap Rate 7%

$1,243,271 $1.2M

Cap Rate 9%

$966,989 $967.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,957 SF

Gross rent

$133.8K $27.00/SF

− Vacancy

−$17.8K −$3.59/SF

EGI

$116.0K $23.41/SF

− OpEx

−$29.0K −$5.85/SF

NOI

$87.0K $17.56/SF

Area

Hillsborough County, NH

Vacancy

13.30%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,740,580

Cap Rate 7%

$1,243,271

Cap Rate 9%

$966,989

Alternative Uses

Best Use

Office B

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $87,029 @ 7.0% cap · market cap 1,087,862.50%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$9.08M

$7.95M – $10.60M (±1% cap)

NOI $635,735 @ 7.0% cap · market cap 7,946,687.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Auto Repair Shop Food Market Farmer's Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 03244, NH

8,001

Population

3,667

Households

2.2

Avg Household Size

44

Median Age

25%

College-Educated

95%

High-School Grad

82.5 sq mi

ZIP Area

97

Density / Sq Mi

$93,886

Median Household Income

$51,022

Median Earnings

$1,112

Median Rent

$252,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office building - A 4,957-square-foot office property includes paved parking and fast internet service.

Where is this office building located?

The property is located at 2300 2nd nh Turnpike Deering, NH.

What are key features of this property?

This property features: 4,957‑square‑foot office building; Multiple office areas with a flexible interior layout; Paved parking on site