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    Industrial Flex Condos with Drive-In Doors Title is generated by Realmo AI

    32 London Lane, Seabrook, NH 03874

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    COMMERCIAL - Seabrook, NH

    Property size:
    10,000 SF
    Added:
    Feb 26, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 32 London Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    IND
    Standard status
    Active

    Utilities

    Utilities
    Cable Available
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Stephen Cavanaugh

    Listing agent Stephen Cavanaugh License #452001527

    Listing office Keller Williams Realty Evolution 500 Cummings Center, Beverly, NH

    Listing date Feb 26, 2026

    MLS# 5077666

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New commercial condo building (under construction) with Year built 2025
    • Industrial flex space available from 2,000 SF up to 10,000 SF, with option to combine for more space
    • Each unit includes a large overhead drive‑in door plus high‑bay ceilings for vertical storage
    • Heating: natural gas; water source: public water
    • Cable available
    • Ample on‑site parking; easy access to I‑95, Route 1, and Route 107 near the MA/NH border

    Overview

    A new construction commercial condo building at 32 London Lane in Seabrook offers industrial flex space suitable for a wide range of users. Units are available from 2,000 SF to 10,000 SF, with the option to combine spaces for larger requirements. Each unit includes a large overhead drive-in door and high-bay ceilings, supporting vertical storage and straightforward move-in for equipment and inventory.

    The property is located near the MA/NH border with immediate access to I-95, Route 1, and Route 107, supporting convenient regional connectivity. The site is also described as providing ample parking for customers, employees, and deliveries.

    This offering is a practical fit for businesses that need brand-new space with drive-in functionality and high-bay clearance within an industrial-flex configuration. The ability to combine units can also be helpful for tenants seeking more contiguous area while staying within the condo-style framework.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Pharmacy Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seabrook
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.8947882
    Latitude
    42.8959663

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    FAQs

    What type of property is this?
    Flex space - Brand-new industrial flex units with overhead drive-in access and high-bay ceilings, designed for flexible storage or light industrial use.
    Where is this flex space located?
    The property is located at 32 London Lane Seabrook, NH.
    What are key features of this property?
    This property features: New commercial condo building (under construction) with Year built 2025; Industrial flex space available from 2,000 SF up to 10,000 SF, with option to combine for more space; Each unit includes a large overhead drive‑in door plus high‑bay ceilings for vertical storage
    (978) 927-8700
    We can help!
    Listing Contact
    Stephen Cavanaugh
    Real Estate License ID: 452001527
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    32 London Lane, Seabrook, NH 03874
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