Mixed-Use Property with
235 Towle Farm Road, Hampton, NH 03842
For Sale
$575,000
Two separate structures combine residential units with ground-level commercial space.
Property Size2,120 SF
Price / SF$271.23
Days on Market26
Property Features for 235 Towle Farm Road
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
New Space Real Estate, LLC
(603) 242-1498
Listed By:
Brooke Biolo · License #Brooke Biolo
(203) 525-7364
Source:
Amiconeassociates
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 7:32PM
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 New Space Real Estate, LLC
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Investment Insights
Based on property information with market context.
Two buildings on the 2,120-square-foot property provide a mix of residential and commercial space. One is a single-family home; the other contains two one-bedroom, one-bathroom apartments above a large commercial area. The property was built in 1988.
The Hampton property brings together three residential units and a commercial space in a two-structure configuration.
The Hampton property brings together three residential units and a commercial space in a two-structure configuration.
Key Highlights
- Two separate structures on a 2,120‑square‑foot property
- One single‑family home and two one‑bedroom, one‑bathroom apartments
- Large commercial space beneath the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,170
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,400
$643.4K
Cap Rate 7%
$459,571
$459.6K
Cap Rate 9%
$357,444
$357.4K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$61.1K $28.80/SF
− Vacancy
−$2.6K −$1.21/SF
EGI
$58.5K $27.59/SF
− OpEx
−$26.3K −$12.42/SF
NOI
$32.2K $15.17/SF
Area
Rockingham County, NH
Vacancy
4.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,400
Cap Rate 7%
$459,571
Cap Rate 9%
$357,444
Alternative Uses
Best Use
Apartment 5plus
$459.6K
$402.1K – $536.2K
NOI $32,170 @ 7.0% cap · market cap 5.59%
Second Best
Mixed Use
$282.1K
$246.9K – $329.1K
NOI $19,748 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$705.8K
$617.6K – $823.5K
NOI $49,407 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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Business Placement
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
Properties on Market for Mixed-use properties in Rockingham County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate structures combine residential units with ground-level commercial space.
Where is this mixed-use property located?
The property is located at 235 Towle Farm Road Hampton, NH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two separate structures on a 2,120‑square‑foot property; One single‑family home and two one‑bedroom, one‑bathroom apartments; Large commercial space beneath the apartments
