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    254 White Mountain Hwy Milton, NH 3851

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    For Sale
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    Three-bay auto garage with equipment and high visibility.

    Type:Retail
    Property size:
    1,878 SF
    Added:
    Feb 9, 2024
    Days on Market:
    787
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 254 White Mountain Hwy

    General Information

    Standard status
    Active
    Size
    1,878 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Peter Metsch

    Listing agent Peter Metsch License #NH 070766

    Listing office KW Commercial Portsmouth

    Listing date Feb 9, 2024

    Source Crexi

    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 Commercial Portsmouth

    Overview

    High-Traffic Auto Garage for Sale

    This high-visibility, high-traffic three-bay auto garage presents an opportunity for entrepreneurs seeking to establish a business or expand existing operations. The business is currently booked for state inspections, oil changes, and general repairs, with the seller willing to convey these booked jobs upon closing. The shop features three 12-foot garage doors, an office area, a bathroom, a storage room, a shed, and ample parking. Heating is provided by a clean-burn used-oil furnace. The garage is wired for both 220 and 110 volts and includes a twin motor compressor setup. Operational equipment includes three 2-ton scissor lifts, a Snapon tire mounting machine, a Snapon tire balancing machine, a Snapon AC machine R134, a tire inflator/bead blaster, an Alpha Tig 200x welder, and a gasless plasma cutter, among other shop tools and equipment which conveys. The property size is 1878 square feet. The property is located at 254 White Mountain Hwy, Milton, NH 03851. There could also be an option for the seller to stay on board for an agreed-upon duration of time, with potential for an employee to stay as well.
    Location Intelligence

    Current Use by Public Records

    Three Ponds Automotive Auto Repair Shop

    Suggested Use

    Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Auto Parts Store Bar & Pub Storage Facility Electrical Service Travel Agency Cosmetic Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Atkins Auto Repair & Performance — 14 Commerce Way, Milton, NH 03851
    • Nihan Family Motor Works — 182 Elm St, Milton, NH 03851
    • Three Ponds Automotive — 254 White Mountain Hwy, Milton, NH 03851
    • Isinglass auto repair — Rt 75, Commerce Way, Milton, NH 03851

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.990377
    Latitude
    43.394341

    Nearby Similar for Sale

    • $399,900
      2,970 SF

      Mixed-Use Triplex in Downtown Milton

      Charming mixed-use triplex with commercial space and residential units.
      6 Dawson Street, Milton, NH 03851
      View Details
    • $1,380,000
      236,095 SF

      Milton Mixed-Use Property For Sale

      Mixed-use and hospitality property available in Milton, New Hampshire.
      10 Saltbox Rd, Milton, NH 03851
      View Details

    FAQs

    What type of property is this?
    Auto shop - Three-bay auto garage with equipment and high visibility.
    Where is this auto shop located?
    The property is located at 254 White Mountain Hwy Milton, NH.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: High visibility and traffic location ideal for an auto garage business; Includes 3 bays with 12' garage doors and essential equipment like lifts and tire machines; Business is currently booked for inspections and repairs, with the seller willing to convey booked jobs
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Peter Metsch
    Real Estate License ID: NH 070766
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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