First-Floor Retail
New
For Sale
$264,000
2c-819 Lafayette Rd, Hampton, NH 03842
Open-plan commercial space with a bathroom, dedicated parking, central air conditioning, and public utilities.
Property Size1,600 SF
Price / SF$165
Days on Market3
Property Features for 2c-819 Lafayette Rd
General Information
Standard status
Active
Size
1,600 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
1
Taxes and HOA fees
Annual Taxes
$2,198
Amenities
electric heat
central AC
public water & sewer
on-site parking
Building Details
Construction
stone
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover
(603) 610-8500
Listed By:
Gerry OConnell
(603) 610-8950
Source:
Exprealty
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 3:05PM
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/Dover
Investment Insights
Based on property information with market context.
This first-floor retail condominium provides approximately 1,600 square feet in a stone-façade building along Route 1. The interior includes an open floor plan and bathroom, supporting retail, office, or service-oriented use. Electric heat and central air conditioning are installed, with public water and sewer serving the unit.
The property has direct Route 1 exposure in Hampton within an established retail corridor surrounded by complementary local businesses. On-site parking supports customer and staff access, while the ground-level configuration provides convenient entry for commercial occupants and visitors.
The property has direct Route 1 exposure in Hampton within an established retail corridor surrounded by complementary local businesses. On-site parking supports customer and staff access, while the ground-level configuration provides convenient entry for commercial occupants and visitors.
Key Highlights
- Approximately 1,600 SF of first‑floor retail condominium space
- Direct exposure on Route 1 in Hampton
- Open floor plan with bathroom
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
$22,620
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
8.57%
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%
$452,400
$452.4K
Cap Rate 7%
$323,143
$323.1K
Cap Rate 9%
$251,333
$251.3K
Market Conditions
NOI Build-Up for 1,600 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
$34.6K $21.60/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$32.3K $20.20/SF
− OpEx
−$9.7K −$6.06/SF
NOI
$22.6K $14.14/SF
Area
Rockingham County, NH
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$452,400
Cap Rate 7%
$323,143
Cap Rate 9%
$251,333
Alternative Uses
Best Use
Retail
$323.1K
$282.8K – $377.0K
NOI $22,620 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.7K
$466.1K – $621.5K
NOI $37,288 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
118k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Groceries 20%
Apparel 20%
Home Improvements & Furnishings 17%
Marshalls
Apparel
23,358 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
19,858 visits/mo
0.4 miles
Shaw's Supermarket
Groceries
18,806 visits/mo
0.3 miles
Dollar Tree
Shops & Services
12,797 visits/mo
0.5 miles
The UPS Store
Shops & Services
11,142 visits/mo
0.2 miles
Demographics for 03842, NH
16,048
Population
9,978
Households
1.6
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,254
Density / Sq Mi
$94,433
Median Household Income
$53,533
Median Earnings
$1,679
Median Rent
$491,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open-plan commercial space with a bathroom, dedicated parking, central air conditioning, and public utilities.
Where is this retail space located?
The property is located at 2c-819 Lafayette Rd Hampton, NH.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: Approximately 1,600 SF of first‑floor retail condominium space; Direct exposure on Route 1 in Hampton; Open floor plan with bathroom
