Flex Space with Front and Rear
294 State Route 101 #3, Amherst, NH 03031
For Sale
$225,000
An open main area, enclosed rear rooms, and an in-unit bathroom support a range of commercial configurations.
Property Size2,016 SF
Price / SF$111.61
Days on Market151
Property Features for 294 State Route 101 #3
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Utilities to Site
Additional Details
Asking Price
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
In-unit bathroom
On-site parking
Building Details
Year Built
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Krissy Laporte · License #069071
(603) 232-8282
Source:
Appleisland
Added: Jun 12
Changed: Nov 4
Last Checked: Nov 8 at 3:47AM
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 Keller Williams Realty-Metropolitan
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Investment Insights
Based on property information with market context.
This 2,016± SF flex condominium unit at 294 State Route 101 in Amherst, New Hampshire, has an open main area and enclosed rooms at the rear. An in-unit bathroom and separate front and rear access add to the interior configuration. The property was built in 1987 and is zoned LC.
The unit is part of a mixed-use condominium complex along Route 101. On-site parking is available, and roof brackets are installed for two signs. The location provides access to Bedford, Milford, Merrimack, Nashua, and Manchester.
The unit is part of a mixed-use condominium complex along Route 101. On-site parking is available, and roof brackets are installed for two signs. The location provides access to Bedford, Milford, Merrimack, Nashua, and Manchester.
Key Highlights
- 2,016± SF flex condominium unit
- Open main area with enclosed rear rooms
- In‑unit bathroom and access at both the front and rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,283
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,660
$345.7K
Cap Rate 7%
$246,900
$246.9K
Cap Rate 9%
$192,033
$192.0K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$26.1K $12.96/SF
− Vacancy
−$1.4K −$0.71/SF
EGI
$24.7K $12.25/SF
− OpEx
−$7.4K −$3.67/SF
NOI
$17.3K $8.57/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,660
Cap Rate 7%
$246,900
Cap Rate 9%
$192,033
Alternative Uses
Best Use
Industrial
$246.9K
$216.0K – $288.1K
NOI $17,283 @ 7.0% cap · market cap 7.68%
Second Best
Flex RnD
$232.5K
$203.4K – $271.3K
NOI $16,275 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$640.0K
$560.0K – $746.7K
NOI $44,801 @ 7.0% cap · market cap 19.91%
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
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03031, NH
11,763
Population
4,558
Households
2.6
Avg Household Size
45
Median Age
64%
College-Educated
99%
High-School Grad
33.9 sq mi
ZIP Area
347
Density / Sq Mi
$155,125
Median Household Income
$68,313
Median Earnings
$1,447
Median Rent
$491,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Hillsborough County, NH
Properties on Market for Flex space in Hillsborough County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - An open main area, enclosed rear rooms, and an in-unit bathroom support a range of commercial configurations.
Where is this flex space located?
The property is located at 294 State Route 101 #3 Amherst, NH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,016± SF flex condominium unit; Open main area with enclosed rear rooms; In‑unit bathroom and access at both the front and rear
