Building Details

Year Built 1882

Listed By: Andy Show Phone

Added: Apr 14, 2025 Changed: May 22

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,966

Cap Rate

5.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$919,320 $919.3K

Cap Rate 7%

$656,657 $656.7K

Cap Rate 9%

$510,733 $510.7K

Market Conditions

NOI Build-Up for 4,528 SF

Gross rent

$67.9K $15.00/SF

− Vacancy

−$2.3K −$0.50/SF

EGI

$65.7K $14.50/SF

− OpEx

−$19.7K −$4.35/SF

NOI

$46.0K $10.15/SF

Area

Strafford County, NH

Vacancy

3.32%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$919,320

Cap Rate 7%

$656,657

Cap Rate 9%

$510,733

Alternative Uses

Best Use

Multifamily LT 5

$656.7K

$574.6K – $766.1K (±1% cap)

NOI $45,966 @ 7.0% cap · market cap 5.11%

Second Best

Apartment 5plus

$605.6K

$529.9K – $706.6K (±1% cap)

NOI $42,393 @ 7.0% cap · market cap 4.72%

Theoretical Best

Office A

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,797 @ 7.0% cap · market cap 9.43%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Parts Store Pharmacy Auto Repair Shop Grocery & Convenience Store

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

98

Businesses Nearby

Explore this area Business Placement

Demographics for 03867, NH

22,369

Population

10,458

Households

2.1

Avg Household Size

44

Median Age

25%

College-Educated

93%

High-School Grad

28.4 sq mi

ZIP Area

788

Density / Sq Mi

$74,397

Median Household Income

$42,613

Median Earnings

$1,217

Median Rent

$259,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Spacious waterfront quadplex with subdivision potential in East Rochester.

Where is this quadplex located?

The property is located at 32 Mill St Rochester, NH.

What is the asking price?

The asking price for this property is $899,000.