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Flex Garage with Office Space

265 Mast Road Goffstown, NH 03045

265 Mast Road, Goffstown, NH, 03045
$475,000
For Sale
$475,000

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

Property Size2,674 SF
Lot Size0.75 Acres
Price / SF$177.64
Days on Market49

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
Listing Agency Granite Rose Real Estate, LLC
Listed by Rose Culver
Source Threehillsres
Added: Jun 3 Updated: Jul 10 at 3:59 pm Checked: Jul 20 at 4:43 am

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


Investment Insights

Based on property information with market context.

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.

Key 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

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $57.8k $21.60
− Vacancy −$4.3k −$1.62
EGI $53.4k $19.98
− OpEx −$16.0k −$5.99
NOI $37.4k $13.99
2,674 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$534.3K
$467.5K – $623.3K (±1% cap)
NOI $37,399 @ 7.0% cap · market cap 7.87%
Second Best
Industrial
$327.5K
$286.6K – $382.1K (±1% cap)
NOI $22,924 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$4.90M
$4.29M – $5.72M (±1% cap)
NOI $342,941 @ 7.0% cap · market cap 72.20%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

HVAC Service Law Firm Hair Salon Dental Office Pharmacy Nail Salon Grocery & Convenience Store Restaurant Storage Facility Tech Support Center

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

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
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