Building Details

Building Size 1,784 SF

Year Built 1990

Listing Agency: Badger Peabody & Smith Realty

Listed By: Bernadette Donohue Show Phone

Source: Evrealestate

Added: Apr 25 Changed: Sep 29 Last Checked: Oct 5 at 6:01PM

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Investment Insights

Based on property information with market context.

This storefront property was built in 1990 and includes forced-air heating, a propane system, a pellet stove, and high-speed internet. The site has an on-site unpaved driveway and off-street access, with the driveway extending to a second circular drive.

Located along NH Route 16 in Albany, NH, the property offers approximately 600 feet of road frontage. Its roadside setting and existing access support a range of storefront-oriented commercial applications, subject to applicable approvals.

Key Highlights

• Approximately 600' of frontage along NH Route 16
• 1990 construction
• Forced‑air heating, propane, and pellet stove

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,020

Cap Rate

4.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,400 $360.4K

Cap Rate 7%

$257,429 $257.4K

Cap Rate 9%

$200,222 $200.2K

Market Conditions

NOI Build-Up for 1,784 SF

Gross rent

$27.8K $15.60/SF

− Vacancy

−$2.1K −$1.17/SF

EGI

$25.7K $14.43/SF

− OpEx

−$7.7K −$4.33/SF

NOI

$18.0K $10.10/SF

Area

Carroll County, NH

Vacancy

7.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,400

Cap Rate 7%

$257,429

Cap Rate 9%

$200,222

Alternative Uses

Best Use

Retail

$257.4K

$225.3K – $300.3K (±1% cap)

NOI $18,020 @ 7.0% cap · market cap 4.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$445.5K

$389.8K – $519.7K (±1% cap)

NOI $31,182 @ 7.0% cap · market cap 8.10%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Building Supply Storage Facility Big Box & Wholesale Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03818, NH

3,478

Population

2,174

Households

1.6

Avg Household Size

49

Median Age

43%

College-Educated

95%

High-School Grad

84.5 sq mi

ZIP Area

41

Density / Sq Mi

$73,346

Median Household Income

$38,714

Median Earnings

$941

Median Rent

$284,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Storefront property - Storefront property with on-site access, forced-air and supplemental heating, and high-speed internet service.

Where is this storefront property located?

The property is located at 2659 NH Route 16 Albany, NH.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Approximately 600' of frontage along NH Route 16; 1990 construction; Forced‑air heating, propane, and pellet stove