End Unit Flex
For Sale
$874,900
34 Route 125, Kingston, NH 03848
Flex industrial end unit includes a loading dock, 10x10 ground office, bathroom, and 14x14 overhead door.
Property Size4,000 SF
Price / SF$218.73
Days on Market420
Property Features for 34 Route 125
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
8
Property subtype
Commercial
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Building Details
Year Built
2023
Listing Agency:
Realty ONE Group NEST
Listed By:
Shamus Quirk
(802) 422-3600
Source:
Killingtonpicorealty
Added: Jul 24, 2025
Changed: Sep 15
Last Checked: Sep 15 at 7:59AM
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 Realty ONE Group NEST
Investment Insights
Based on property information with market context.
This end unit in Fieldstone Meadow Industrial Park includes a warehouse configuration with a ground level 10x10 office and a bathroom. The space features one 14' x 14' overhead door plus a loading dock for shipping and receiving. The property is currently set up as a combined unit, but it includes two deeded units that can be split back to two separate spaces. The combined arrangement also offers eight deeded parking spaces.
The sale includes both deeded units, with combined taxes reported for the two. Forklift and pallet racking are negotiable. Additional space options may include adding a mezzanine for more storage or office use, subject to the buyer’s plans.
Flexible in its layout, the unit is positioned for warehouse, light manufacturing, or trade use based on the existing configuration and available improvements.
The sale includes both deeded units, with combined taxes reported for the two. Forklift and pallet racking are negotiable. Additional space options may include adding a mezzanine for more storage or office use, subject to the buyer’s plans.
Flexible in its layout, the unit is positioned for warehouse, light manufacturing, or trade use based on the existing configuration and available improvements.
Key Highlights
- 2023‑built flex industrial end unit in Fieldstone Meadow Industrial Park with 4,000 SF of flexible space
- End unit is the only unit with a loading dock and includes one 14' x 14' overhead door for shipping and receiving
- Ground‑level 10x10 office space plus a bathroom included
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
$45,845
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
5.24%
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%
$916,900
$916.9K
Cap Rate 7%
$654,929
$654.9K
Cap Rate 9%
$509,389
$509.4K
Market Conditions
NOI Build-Up for 4,000 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
$75.8K $18.96/SF
− Vacancy
−$5.3K −$1.33/SF
EGI
$70.5K $17.63/SF
− OpEx
−$24.7K −$6.17/SF
NOI
$45.8K $11.46/SF
Area
Rockingham County, NH
Vacancy
7.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$916,900
Cap Rate 7%
$654,929
Cap Rate 9%
$509,389
Alternative Uses
Best Use
Flex RnD
$654.9K
$573.1K – $764.1K
NOI $45,845 @ 7.0% cap · market cap 5.24%
Second Best
Warehouse
$417.3K
$365.1K – $486.8K
NOI $29,210 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,220 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03848, NH
6,202
Population
2,796
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
313
Density / Sq Mi
$103,665
Median Household Income
$53,231
Median Earnings
$1,382
Median Rent
$442,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial end unit includes a loading dock, 10x10 ground office, bathroom, and 14x14 overhead door.
Where is this flex space located?
The property is located at 34 Route 125 Kingston, NH.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: 2023‑built flex industrial end unit in Fieldstone Meadow Industrial Park with 4,000 SF of flexible space; End unit is the only unit with a loading dock and includes one 14' x 14' overhead door for shipping and receiving; Ground‑level 10x10 office space plus a bathroom included
