29 Lafayette Road, North Hampton, NH

Listing Agency: Bell Tower Commercial Real Estate Group Show Phone

Listed By: Gary Sidell Show Phone

Source: Moodyscre

Added: Jun 5, 2025 Changed: Aug 8 Last Checked: Jul 29 at 9:53AM

Report an Issue

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

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 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 / Yr

$14,832

Cap Rate

3.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$296,640 $296.6K

Cap Rate 7%

$211,886 $211.9K

Cap Rate 9%

$164,800 $164.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 864 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $20,135 @ 7.0% cap · market cap 5.03%

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

Tufts Medicine Care ... Home Health Care Service Seacoast Rug and Home Carpet Cleaning Service Indigo Haven Healing Gym & Fitness Center Seacoast Village Mall Business Service Center Badiee Behyar D ... Physician

Suggested Use

Top Pick Law Firm Dental Office Grocery & Convenience Store Auto Parts Store Storage Facility Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

168

Businesses Nearby

Explore this area Business Placement

Market

Average Price Trend$/SF for Office Units in Rockingham County, NH

$231 Jul

$249 Aug

$224 Sep

$177 Oct

Properties on Market for Office Units in Rockingham County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Move-in ready office condo with income potential in prime location.

Where is this office unit 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.