Granite Ridge Flex Space Condominium
New
For Sale
$499,900
288 Hounsell Avenue #101, Gilford, NH 03249
Flex unit with private entrance, dedicated office and restroom, plus an overhead door for warehouse and storage access.
Property Size1,500 SF
Price / SF$333.27
Days on Market2
Property Features for 288 Hounsell Avenue #101
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Three-Phase Power
Yes
Office Units
1
Amenities
private entrance
dedicated office area
restroom
open bay with overhead door
town water and sewer
underground utilities
3-phase power
propane heat
fiber optic connectivity
Building Details
Year Built
2026
Construction
steel building systems
Listing Agency:
Kw Coastal And Lakes & Mountains Realty/Meredith
(603) 630-3343
Listed By:
Shannon Casey
(603) 630-3343
Source:
Startpoint
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 2:19AM
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 Kw Coastal And Lakes & Mountains Realty/Meredith
Investment Insights
Based on property information with market context.
Granite Ridge offers a flex space condominium unit designed to combine office functionality with warehouse and storage access. The unit includes a private entrance, dedicated office area, and a restroom, along with a spacious open bay served by a 14' overhead door. Built with modern steel building systems for durability, the space supports a range of operational needs where both workspace and storage are required.
The Granite Ridge campus is a professionally engineered commercial condominium community with town water and sewer, underground utilities, and 3-phase power. Heating is propane, and the site provides fiber optic connectivity. The unit is part of a planned development constructed in 2026.
For businesses that need efficient day-to-day access for staff and deliveries, the layout supports an office-and-bay workflow from a single unit configuration while keeping the flexibility to use the open bay for storage, workshop, or other operational purposes.
The Granite Ridge campus is a professionally engineered commercial condominium community with town water and sewer, underground utilities, and 3-phase power. Heating is propane, and the site provides fiber optic connectivity. The unit is part of a planned development constructed in 2026.
For businesses that need efficient day-to-day access for staff and deliveries, the layout supports an office-and-bay workflow from a single unit configuration while keeping the flexibility to use the open bay for storage, workshop, or other operational purposes.
Key Highlights
- About 1,500 sq ft flex unit in Granite Ridge commercial condominium community
- Private entrance with dedicated office area and restroom
- Spacious open bay served by a 14' overhead door
Financial Insights For Office B
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 | $30.6k | $20.40 |
| − Vacancy | −$4.1k | −$2.71 |
| EGI | $26.5k | $17.69 |
| − OpEx | −$6.6k | −$4.42 |
| NOI | $19.9k | $13.27 |
1,500 SF · lease $20.40/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$284.3K
$248.7K – $331.6K
NOI $19,898 @ 7.0% cap · market cap 3.98%
Second Best
Flex RnD
$245.5K
$214.8K – $286.4K
NOI $17,185 @ 7.0% cap · market cap 3.44%
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.
Property Analytics
Current Use
Lease Details
1
Office units
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex unit with private entrance, dedicated office and restroom, plus an overhead door for warehouse and storage access.
Where is this flex space located?
The property is located at 288 Hounsell Avenue #101 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: About 1,500 sq ft flex unit in Granite Ridge commercial condominium community; Private entrance with dedicated office area and restroom; Spacious open bay served by a 14' overhead door
