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    Flex Garage with Office Space Title is generated by Realmo AI

    265 Mast Road, Goffstown, NH 03045

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    Claim this Listing
    New
    For Sale
    $475,000

    Freestanding flex property with a garage sized for a lift, plus office and production-ready power.

    Type:Commercial
    Property size:
    2,674 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $177/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:32 am

    Property Features for 265 Mast Road

    General Information

    Standard status
    Active
    Size
    2,674 SF
    Lot size
    0.75 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1936

    We can help!

    Listing Contact
    Rose Culver

    Listing agent Rose Culver

    Listing office Granite Rose Real Estate, LLC

    Listing date Jun 3, 2026

    Source Threehillsres

    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 Granite Rose Real Estate, LLC

    HighLights

    • Commercial Industrial Flex Zone District (CIFZ) with many uses permitted by right, including office, retail, motor vehicle sales/service, restaurant, and more
    • Building totals 2,168 SF plus a 22' x 23' garage with roof elevated to accommodate a lift
    • Garage includes dedicated 50‑amp service used for welder, electric heater, and lights, plus a 30‑amp electric line in the backyard for camper
    • Interior layout includes first‑floor kitchen and half bath, large street‑facing room, and back office; upstairs has four rooms and a full bath with storage
    • 0.75‑acre level lot with fenced backyard and access via breezeway connecting the garage to the main building
    • On‑site utilities: along sewer line but presently serviced by private septic; ample parking and less than 15 minutes to I‑293 and 10 minutes to Route 101

    Overview

    This freestanding flex property includes approximately 2,168 square feet in the main building and a 22' x 23' garage. The garage roof has been elevated to accommodate a lift, and the garage includes a dedicated 50 amp service currently used for welder, electric heater, and lights. Access to the building is via a breezeway that connects the garage to the main structure. Inside, the first floor features a kitchen and half bath, a large room facing the street along the width of the building, and an additional smaller office in the back. Upstairs provides four separate rooms, a full bath, and ample storage space.

    The property sits along Mast Road with approximately 17,000 vehicles per day and is located in the Commercial Industrial Flex Zone District (CIFZ). The zoning allows a range of uses by right, including office/business/professional/financial, retail, motor vehicle sales and/or service, landscaping contractor, and restaurant, among others. The lot is level, approximately 0.75 acres, with ample on-site parking and a fully fenced backyard. The backyard is bounded by the Goffstown Rail Trail and includes an additional 30 amp electric line currently used for a camper. The property is along the sewer line but is presently serviced by a private septic system. Less than 15 minutes to I-293 and about 10 minutes to Route 101.

    Configured for businesses that need both work space and customer-facing areas, the property supports a practical mix of garage operations, offices, and flexible interior rooms. With lift-ready garage infrastructure, dedicated electrical service, and a street-facing main room, it may suit motor vehicle or general service operations, as well as office or retail uses permitted within the CIFZ.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Goffstown
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.5450818
    Latitude
    43.0110487

    Nearby Similar for Sale

    • $510,000

      Goffstown Commercial Property on Mast Road

      Commercial property in Goffstown, NH, with high traffic and flexible zoning.
      265 Mast Road, Goffstown, NH 03045
      View Details
    • $510,000
      2,168 SF

      Commercial Property on Mast Road

      Commercial property with high traffic and flexible zoning.
      265 Mast Rd, Goffstown, NH 03045
      View Details

    FAQs

    What type of property is this?
    Flex space - Freestanding flex property with a garage sized for a lift, plus office and production-ready power.
    Where is this flex space located?
    The property is located at 265 Mast Road Goffstown, NH.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Commercial Industrial Flex Zone District (CIFZ) with many uses permitted by right, including office, retail, motor vehicle sales/service, restaurant, and more; Building totals 2,168 SF plus a 22' x 23' garage with roof elevated to accommodate a lift; Garage includes dedicated 50‑amp service used for welder, electric heater, and lights, plus a 30‑amp electric line in the backyard for camper
    (603) 496-0034
    We can help!
    Listing Contact
    Rose Culver
    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.

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