Building Details

Year Built 2024

Listing Agency: KW Coastal and Lakes & Mountains Realty/Wolfeboro

Listed By: Adam Dow · License #056660 Show Phone

Source: Megansellsnh

Added: Sep 4 Changed: Oct 14 Last Checked: Oct 7 at 2:17PM

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Investment Insights

Based on property information with market context.

Completed in 2024, this commercial flex property contains two separately configured units on 1.83 acres. Each unit includes a 12' x 12' high-bay garage door, its own water heater, and a full bathroom with shower. The layout supports distinct business operations while accommodating workspace, storage, or a combination of both.

The property is positioned near NH Route 106 and NH Route 104, with nearby commercial destinations including Meredith Village Savings Bank, NH Liquor Outlet, Ocean State Job Lot, and self-storage facilities. The site is car-dependent, with a Walk Score of 0 and a Bike Score of 31. Its two-unit configuration and independent building systems provide practical flexibility for an owner-user or multiple commercial occupants.

Key Highlights

• Two‑unit commercial flex building completed in 2024
• Situated on 1.83 acres
• Each unit has a 12' x 12' high‑bay garage door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,496

Cap Rate

3.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$549,920 $549.9K

Cap Rate 7%

$392,800 $392.8K

Cap Rate 9%

$305,511 $305.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$46.1K $19.20/SF

− Vacancy

−$3.8K −$1.57/SF

EGI

$42.3K $17.63/SF

− OpEx

−$14.8K −$6.17/SF

NOI

$27.5K $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%

$549,920

Cap Rate 7%

$392,800

Cap Rate 9%

$305,511

Alternative Uses

Best Use

Flex RnD

$392.8K

$343.7K – $458.3K (±1% cap)

NOI $27,496 @ 7.0% cap · market cap 3.67%

Second Best

Warehouse

$351.3K

$307.4K – $409.8K (±1% cap)

NOI $24,588 @ 7.0% cap · market cap 3.28%

Theoretical Best

Office A

$570.7K

$499.4K – $665.9K (±1% cap)

NOI $39,951 @ 7.0% cap · market cap 5.33%

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

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Hair Salon Law Firm Building Supply Nail Salon

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

117

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03253, NH

6,558

Population

5,111

Households

1.3

Avg Household Size

54

Median Age

44%

College-Educated

97%

High-School Grad

37.5 sq mi

ZIP Area

175

Density / Sq Mi

$69,808

Median Household Income

$40,587

Median Earnings

$1,230

Median Rent

$444,500

Median Home Value

Market

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 - Brand-new commercial flex space with separate work areas, high-bay access, bathrooms, and vehicle-oriented functionality.

Where is this flex space located?

The property is located at 3 Enterprise Ct Meredith, NH.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Two‑unit commercial flex building completed in 2024; Situated on 1.83 acres; Each unit has a 12' x 12' high‑bay garage door