Downtown Office
For Sale
$185,000
Pending
24 Stickney Ter Unit 5, Hampton, NH 03842
Flexible office condo with private offices, conference space, and showroom or production workspace in downtown Hampton.
Property Size1,975 SF
Days on Market127
Property Features for 24 Stickney Ter Unit 5
General Information
Standard status
Pending
Size
1,975 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
4
Building Details
Year Built
1985
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover
Listed By:
Gerry OConnell
(603) 610-8950
Source:
Elliman
Added: Jun 10
Changed: Oct 14
Last Checked: Oct 2 at 7:08PM
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 KW Coastal and Lakes & Mountains Realty/Dover
Investment Insights
Based on property information with market context.
This 1,975± SF commercial office condominium is designed for flexible, client-facing and back-of-house use. The interior layout includes four private offices, a conference room, a display/showroom area, production workspace, storage room, a kitchen, and both a half bath and three-quarter bath. The configuration supports day-to-day business operations while also providing dedicated spaces for meetings, presentations, and customer-facing work.
The property is located in the heart of downtown Hampton, with accessibility described as close to major highways and regional business corridors. This makes it well suited for tenants and owners who want a downtown setting with convenient connections to surrounding areas.
The space is a strong fit for a range of professional and service-oriented businesses, including consulting firms, creative agencies, wellness practices, technology companies, contractor offices, and real estate or mortgage services. It can also support boutique showroom activity or light assembly within the production/workspace areas already planned in the unit. This offering is appropriate for an owner-user seeking functional commercial space or an investor looking for an office condominium with a versatile interior plan.
The property is located in the heart of downtown Hampton, with accessibility described as close to major highways and regional business corridors. This makes it well suited for tenants and owners who want a downtown setting with convenient connections to surrounding areas.
The space is a strong fit for a range of professional and service-oriented businesses, including consulting firms, creative agencies, wellness practices, technology companies, contractor offices, and real estate or mortgage services. It can also support boutique showroom activity or light assembly within the production/workspace areas already planned in the unit. This offering is appropriate for an owner-user seeking functional commercial space or an investor looking for an office condominium with a versatile interior plan.
Key Highlights
- 1,975± SF commercial office condominium built in 1985 in downtown Hampton
- Layout includes four private offices, a conference room, and display/showroom area
- Also features a production workspace, storage room, kitchen, half bath, and 3/4 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,215
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,300
$244.3K
Cap Rate 7%
$174,500
$174.5K
Cap Rate 9%
$135,722
$135.7K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$18.7K $9.48/SF
− Vacancy
−$1.3K −$0.64/SF
EGI
$17.4K $8.84/SF
− OpEx
−$5.2K −$2.65/SF
NOI
$12.2K $6.18/SF
Area
Rockingham County, NH
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,300
Cap Rate 7%
$174,500
Cap Rate 9%
$135,722
Alternative Uses
Best Use
Office B
$484.3K
$423.8K – $565.1K
NOI $33,904 @ 7.0% cap · market cap 18.33%
Second Best
Flex RnD
$323.4K
$283.0K – $377.3K
NOI $22,636 @ 7.0% cap · market cap 12.24%
Theoretical Best
Office A
$657.5K
$575.3K – $767.1K
NOI $46,027 @ 7.0% cap · market cap 24.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible office condo with private offices, conference space, and showroom or production workspace in downtown Hampton.
Where is this flex space located?
The property is located at 24 Stickney Ter Unit 5 Hampton, NH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,975± SF commercial office condominium built in 1985 in downtown Hampton; Layout includes four private offices, a conference room, and display/showroom area; Also features a production workspace, storage room, kitchen, half bath, and 3/4 bath
