Flex Space with Private
288 Hounsell Avenue #305, Gilford, NH 03249
For Sale
$469,900
A dedicated office, restroom, and open bay support a range of business operations within a commercial condominium community.
Property Size1,425 SF
Price / SF$329.75
Days on Market70
Property Features for 288 Hounsell Avenue #305
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Drive-In Doors
Three-Phase Power
Additional Details
Utilities to Site
Property Use
Building Details
Year Built
Units
Construction
Listing Agency:
Kw Coastal And Lakes & Mountains Realty/Meredith
(603) 569-4663
Listed By:
Shannon Casey · License NH #072839
(603) 630-3343
Source:
Hammondwheeler
Added: Sep 2
Changed: Nov 9
Last Checked: Nov 9 at 1:53PM
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
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Investment Insights
Based on property information with market context.
This commercial condominium in Building 3 combines an office area, restroom, and open warehouse bay in approximately ±1,425 square feet. A 14' x 14' overhead door provides bay access. The steel building was constructed in 2026, and the unit is equipped with 3-phase power and propane heat. Campus infrastructure includes town water and sewer, underground utilities, and fiber optic connectivity.
Located at 288 Hounsell Avenue in Gilford, the property is within the town’s commercial district and minutes from Lake Winnipesaukee and Gunstock Mountain Resort. The unit’s office and bay configuration accommodates a mix of workspace, storage, and service-business functions.
Located at 288 Hounsell Avenue in Gilford, the property is within the town’s commercial district and minutes from Lake Winnipesaukee and Gunstock Mountain Resort. The unit’s office and bay configuration accommodates a mix of workspace, storage, and service-business functions.
Key Highlights
- Approximately ±1,425 sq ft in a commercial condominium
- Private office area, restroom, and open bay
- 14' x 14' overhead door
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
Who owns this building?
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Current Use
Lease Details
1
Drive-in doors
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
$388,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Belknap County, NH
Properties on Market for Flex space in Belknap County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A dedicated office, restroom, and open bay support a range of business operations within a commercial condominium community.
Where is this flex space located?
The property is located at 288 Hounsell Avenue #305 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 in a commercial condominium; Private office area, restroom, and open bay; 14' x 14' overhead door
