Renovated Office Condo For
For Sale
Contact for pricing
29 Lafayette Road, North Hampton, NH
Move-in ready office condo with income potential in prime location.
Property Size864 SF
Lot Size2.87 Acres
Price / SF$462.96
Days on Market432
Property Features for 29 Lafayette Road
General Information
Standard status
Active
Size
864 SF
Lot size
2.87 Acres
Property subtype
OFFICE
Listing Agency:
Bell Tower Commercial Real Estate Group
(978) 375-7363
Listed By:
Gary Sidell · License #069071
Source:
Moodyscre
Added: Jun 5, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:59AM
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 Bell Tower Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This newly renovated office condominium is available for sale, offering a professional setting in a convenient Seacoast location. Situated on the second floor, the 864-square-foot unit is in excellent move-in condition and suited for various business uses. Two tenants-at-will are currently in place and willing to remain, providing income potential for an investor or a seamless transition for an owner-user. The flexible layout includes a reception area, multiple offices and conference rooms, storage, and a private restroom. Large windows provide natural light, and renovations have been made throughout, including updated flooring, windows, and HVAC. Located on Route 1, it offers easy access to restaurants, shopping, and major highways. Seacoast Village Center is a multi-tenant retail and office plaza positioned along the busy Route 1/Lafayette Road corridor. The property offers on-site parking and convenient access to Routes 101, 33, and I-95. Neighboring businesses include Home Depot, Shaw’s, Staples, Dollar Tree, Optima Bank, and Dunkin’ Donuts, creating traffic and visibility in this commercial hub.
Key Highlights
- Newly renovated office condominium in move‑in condition.
- Prime location on Route 1 with easy access to major highways.
- Income potential from existing tenants‑at‑will.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,832
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$296,640
$296.6K
Cap Rate 7%
$211,886
$211.9K
Cap Rate 9%
$164,800
$164.8K
Market Conditions
NOI Build-Up for 864 SF
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.
Gross rent
$22.8K $26.40/SF
− Vacancy
−$3.0K −$3.51/SF
EGI
$19.8K $22.89/SF
− OpEx
−$4.9K −$5.72/SF
NOI
$14.8K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$296,640
Cap Rate 7%
$211,886
Cap Rate 9%
$164,800
Alternative Uses
Best Use
Office B
$211.9K
$185.4K – $247.2K
NOI $14,832 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.6K
$251.7K – $335.6K
NOI $20,135 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office condo with income potential in prime location.
Where is this office units located?
The property is located at 29 Lafayette Road North Hampton, NH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Newly renovated office condominium in move‑in condition.; Prime location on Route 1 with easy access to major highways.; Income potential from existing tenants‑at‑will.
