288 Hounsell Avenue #502, Gilford, NH 03249

Building Details

Year Built 2026 More

Units 1 More

Construction steel More

Listing Agency: Kw Coastal And Lakes & Mountains Realty/Meredith a***@kwclm.com Show Phone

Listed By: Shannon Casey · License NH #072839 Show Phone

Source: Hayesrealestate

Added: Sep 2 Changed: Nov 10 Last Checked: Nov 13 at 5:29AM

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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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This flex condominium in Building 5 at Granite Ridge Commercial Flex Space contains approximately 1,425 square feet. Its layout pairs a dedicated office and restroom with an open bay accessed through a 14-foot-by-14-foot overhead door. The steel building was constructed in 2026, and the property is zoned I.

Campus infrastructure includes town water and sewer, underground utilities, 3-phase power, propane heat, and fiber-optic connectivity. The property is located in Gilford’s commercial district, with access to Lake Winnipesaukee and Gunstock Mountain Resort described as minutes away.

Key Highlights

• Approximately 1,425 sq ft in Building 5
• Private entrance, dedicated office, 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

Is this asking price fair?

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 (±1% cap)

NOI $16,326 @ 7.0% cap · market cap 3.47%

Second Best

Warehouse

$208.6K

$182.5K – $243.3K (±1% cap)

NOI $14,599 @ 7.0% cap · market cap 3.11%

Theoretical Best

Office A

$338.9K

$296.5K – $395.4K (±1% cap)

NOI $23,721 @ 7.0% cap · market cap 5.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Restaurant Auto Parts Store Parking Lot & Garage Storage Facility

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

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

Average Price Trend$/SF for Flex space in Belknap County, NH

$277 Jul

$175 Aug

$161 Sep

$155 Oct

Properties on Market for Flex space in Belknap County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A private-entry commercial unit combines dedicated office space, a restroom, and an open bay with overhead-door access.

Where is this flex space located?

The property is located at 288 Hounsell Avenue #502 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 Building 5; Private entrance, dedicated office, restroom, and open bay; 14' x 14' overhead door