Building Details

Year Built 1930

Year Renovated 2016

Listing Agency: Longview Commercial Real Estate

Listed By: Andrew Paluch Show Phone

Source: Longviewcre

Added: Jul 2 Changed: Oct 28 Last Checked: Oct 28 at 4:06PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use property in Rye contains an open workspace, a kitchen with a refrigerator and sink, a half bath, and storage closets. The building dates to 1930 and was renovated in 2016. Furnishings can remain with the space or be removed. Heating is provided by a heat pump with a secondary Rinnai unit, and the property has air conditioning. There is currently no hot water service to the building.

Key Highlights

• Open workspace with kitchen, half bath, and storage closets
• Renovated in 2016; year built 1930
• Heat pump, secondary Rinnai heating unit, and air conditioning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,507

Suggested Prices Based on Cap Rates

Cap Rate 5%

$270,140 $270.1K

Cap Rate 7%

$192,957 $193.0K

Cap Rate 9%

$150,078 $150.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,450 SF

Gross rent

$23.5K $16.20/SF

− Vacancy

−$1.9K −$1.30/SF

EGI

$21.6K $14.90/SF

− OpEx

−$8.1K −$5.59/SF

NOI

$13.5K $9.32/SF

Area

Rockingham County, NH

Vacancy

8.00%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$270,140

Cap Rate 7%

$192,957

Cap Rate 9%

$150,078

Alternative Uses

Best Use

Office B

$355.6K

$311.2K – $414.9K (±1% cap)

NOI $24,892 @ 7.0% cap · market cap 1,310.11%

Second Best

Retail

$292.8K

$256.2K – $341.7K (±1% cap)

NOI $20,499 @ 7.0% cap · market cap 1,078.89%

Theoretical Best

Office A

$482.7K

$422.4K – $563.2K (±1% cap)

NOI $33,792 @ 7.0% cap · market cap 1,778.53%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Amber Roy, The Madden ... Real Estate Agency Madden Group | Re/Max ... Real Estate Agency Chelsea Conley Real Estate Agency Voyager Insurance Insurance Agency

Suggested Use

Top Pick Auto Repair Shop Electrical Service Restaurant Auto Parts Store Real Estate Agency Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Explore this area Business Placement

Demographics for 03870, NH

5,234

Population

2,653

Households

2

Avg Household Size

54

Median Age

58%

College-Educated

98%

High-School Grad

12.1 sq mi

ZIP Area

433

Density / Sq Mi

$127,772

Median Household Income

$72,398

Median Earnings

$1,521

Median Rent

$927,600

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The workspace has a kitchen, half bath, storage closets, and furnishings that may stay or be removed.

Where is this mixed-use property located?

The property is located at 371 Sagamore Road Rye, NH.

What are key features of this property?

This property features: Open workspace with kitchen, half bath, and storage closets; Renovated in 2016; year built 1930; Heat pump, secondary Rinnai heating unit, and air conditioning