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Flex Space with Double Doors
For Sale
$725,000

275 Calef Highway, Epping, NH 03042

Free-standing flex building on Route 125 with flexible retail and workshop space plus a second-floor office and storage.

Property Size3,180 SF
Price / SF$227.99
Days on Market342

Property Features for 275 Calef Highway

General Information

Standard status Active
Size 3,180 SF
Property subtype Commercial
Zoning HC

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Additional Details

Business Included Yes

Building Details

Year Built 1950
Buildings 1
Stories 2
Tenancy Single
Listing Agency: NAI Norwood Group
Listed By: Deana Arden · License #069047
Source: Churchillprop
Added: Oct 30, 2025 Changed: Oct 1 Last Checked: Oct 5 at 4:30PM

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 NAI Norwood Group

Investment Insights

Based on property information with market context.

Free-standing flex space building totaling 3,180 SF, offering a flexible layout with retail and workshop areas and large double doors. The floor plan also includes second-floor office and storage space for administrative, operational, or creative use. The property is currently operating as a specialty retail store and can also be sold with the existing business and inventory, subject to the buyer’s preferences for a move-in-ready option.

The site is prominently positioned along Route 125 with approximately 275± feet of frontage. It provides convenient access to Route 101 (Exit 7) and I-95.

The property is served by private water and septic systems, with public utilities available at the street for future connection. HC (Highway Commercial) zoning supports a multitude of uses, providing flexibility for retail, office, light industrial, or mixed-use development, subject to local approvals.

Key Highlights

  • 3,180 SF free‑standing flex building with retail and workshop areas
  • Large double doors support flexible retail or workshop operations
  • Second‑floor office and storage space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$54,590
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,800 $1.1M
Cap Rate 7%
$779,857 $779.9K
Cap Rate 9%
$606,556 $606.6K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$84.0K $26.40/SF
− Vacancy
−$11.2K −$3.51/SF
EGI
$72.8K $22.89/SF
− OpEx
−$18.2K −$5.72/SF
NOI
$54.6K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,800
Cap Rate 7%
$779,857
Cap Rate 9%
$606,556

Alternative Uses

Best Use
Office B
$779.9K
$682.4K – $909.8K (±1% cap)
NOI $54,590 @ 7.0% cap · market cap 7.53%
Second Best
Retail
$642.2K
$562.0K – $749.3K (±1% cap)
NOI $44,956 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.06M
$926.4K – $1.24M (±1% cap)
NOI $74,110 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Just Beading Around (Bike/Boat/Book/etc) Store Santerre's Stones 'n ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Storage Facility Grocery & Convenience Store Big Box & Wholesale Store

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

Lease Details

Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

182
Businesses Nearby
Balanced
Demand for This Use

Demographics for 03042, NH

7,146
Population
3,170
Households
2.3
Avg Household Size
42
Median Age
34%
College-Educated
95%
High-School Grad
26.0 sq mi
ZIP Area
275
Density / Sq Mi
$101,354
Median Household Income
$58,115
Median Earnings
$2,019
Median Rent
$421,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Similar Off Market Nearby

  • Huntspoint Barbecue Catering — 114 Calef Hwy unit d, Epping, NH 03042

Frequently Asked Questions

What type of property is this?
Flex space - Free-standing flex building on Route 125 with flexible retail and workshop space plus a second-floor office and storage.
Where is this flex space located?
The property is located at 275 Calef Highway Epping, NH.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,180 SF free‑standing flex building with retail and workshop areas; Large double doors support flexible retail or workshop operations; Second‑floor office and storage space
More about this property
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