Flex Space with Overhead
For Sale
$499,900
288 Hounsell Avenue, Gilford, NH 03249
Commercial Sale, Gilford, NH
Property Size1,500 SF
Price / SF$333.27
Days on Market61
Property Features for 288 Hounsell Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
I
Subdivision
Granite Ridge
Lot features
Condo Development, Level, Neighbor Business
Directions
From Gilford Ave: turn onto Hounsell Ave across from Piche's and continue about half a mile - Granite Ridge will be on your right.
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Cable Available
Heating system
Propane (Heating)
Water source
Public
Building Details
Year built
2026
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Meredith · Keller Williams Realty
(603) 569-4663
Listed By:
Shannon Casey · License #072839
(603) 610-8500
Added: Sep 2
Changed: Oct 9
Last Checked: Nov 1 at 9:06AM
MLS# 5107858
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This under-construction flex condominium is configured for a combination of office, storage, and open-bay operations. The unit includes a private entrance, dedicated office area, restroom, and an overhead door measuring 14' x 14'. Steel-frame construction, a metal roof, and propane heating are planned for the building, with completion identified for 2026.
The Granite Ridge campus provides public water and sewer, underground utilities, 3-phase power, and fiber optic connectivity. The property is located in Gilford’s commercial district, with access to Lake Winnipesaukee and Gunstock Mountain Resort within minutes. I zoning supports its positioning as a commercial flex property for business operations, storage, or workshop use.
The Granite Ridge campus provides public water and sewer, underground utilities, 3-phase power, and fiber optic connectivity. The property is located in Gilford’s commercial district, with access to Lake Winnipesaukee and Gunstock Mountain Resort within minutes. I zoning supports its positioning as a commercial flex property for business operations, storage, or workshop use.
Key Highlights
- 14' x 14' overhead door provides access to the open bay
- Dedicated office area and private restroom
- Under construction with 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,185
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,700
$343.7K
Cap Rate 7%
$245,500
$245.5K
Cap Rate 9%
$190,944
$190.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$28.8K $19.20/SF
− Vacancy
−$2.4K −$1.57/SF
EGI
$26.4K $17.63/SF
− OpEx
−$9.3K −$6.17/SF
NOI
$17.2K $11.46/SF
Area
Belknap County, NH
Vacancy
8.20%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,700
Cap Rate 7%
$245,500
Cap Rate 9%
$190,944
Alternative Uses
Best Use
Flex RnD
$245.5K
$214.8K – $286.4K
NOI $17,185 @ 7.0% cap · market cap 3.44%
Second Best
Warehouse
$219.5K
$192.1K – $256.1K
NOI $15,367 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$356.7K
$312.1K – $416.2K
NOI $24,970 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03249, NH
7,698
Population
5,012
Households
1.5
Avg Household Size
52
Median Age
43%
College-Educated
96%
High-School Grad
38.8 sq mi
ZIP Area
198
Density / Sq Mi
$115,423
Median Household Income
$59,126
Median Earnings
$1,308
Median Rent
$388,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction commercial condominium with office, restroom, warehouse area, and business-oriented utility infrastructure.
Where is this flex space located?
The property is located at 288 Hounsell Avenue Gilford, NH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 14' x 14' overhead door provides access to the open bay; Dedicated office area and private restroom; Under construction with 2026 year built
