Flex Space with Overhead
For Sale
$469,900
288 Hounsell Avenue, Gilford, NH 03249
Commercial Sale, Gilford, NH
Property Size1,425 SF
Price / SF$329.75
Days on Market49
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
2026
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
(603) 610-8500
Added: Sep 2
Changed: Oct 9
Last Checked: Oct 20 at 11:06AM
MLS# 5107866
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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Investment Insights
Based on property information with market context.
Located at 288 Hounsell Avenue, this flex condominium unit in Building 5 provides approximately 1,425 square feet for office, warehouse, and storage functions. The layout includes a private entrance, dedicated office area, restroom, and open bay served by a 14' x 14' overhead door. Steel-frame construction, a metal roof, propane heat, and 3-phase power support a durable, functional workspace.
The Granite Ridge campus has town water and sewer, underground utilities, and fiber optic connectivity. The property carries I zoning and is situated within Gilford's commercial district, with access to Lake Winnipesaukee and Gunstock Mountain Resort described as just minutes away. The unit is suited to contractor, trade, service, inventory, workshop, and similar commercial operations identified in the property information.
The Granite Ridge campus has town water and sewer, underground utilities, and fiber optic connectivity. The property carries I zoning and is situated within Gilford's commercial district, with access to Lake Winnipesaukee and Gunstock Mountain Resort described as just minutes away. The unit is suited to contractor, trade, service, inventory, workshop, and similar commercial operations identified in the property information.
Key Highlights
- Approximately 1,425 sq ft flex condominium unit in Building 5
- 14' x 14' overhead door serving the open bay
- Private entrance, dedicated office area, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,326
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,520
$326.5K
Cap Rate 7%
$233,229
$233.2K
Cap Rate 9%
$181,400
$181.4K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$27.4K $19.20/SF
− Vacancy
−$2.2K −$1.57/SF
EGI
$25.1K $17.63/SF
− OpEx
−$8.8K −$6.17/SF
NOI
$16.3K $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%
$326,520
Cap Rate 7%
$233,229
Cap Rate 9%
$181,400
Alternative Uses
Best Use
Flex RnD
$233.2K
$204.1K – $272.1K
NOI $16,326 @ 7.0% cap · market cap 3.47%
Second Best
Warehouse
$208.6K
$182.5K – $243.3K
NOI $14,599 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$338.9K
$296.5K – $395.4K
NOI $23,721 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Commercial condominium unit combining private office space, restroom facilities, and an open bay for business operations or storage.
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 $469,900.
What are key features of this property?
This property features: Approximately 1,425 sq ft flex condominium unit in Building 5; 14' x 14' overhead door serving the open bay; Private entrance, dedicated office area, and restroom
