38B South Road, North Hampton, NH 03862
Warehouses
- Added:
- Jul 7, 2025
- Days on Market:
- 344
- Last Refresh:
- Jun 10 at 2:09 am
Property Features for 38B South Road
General Information
- Standard status
- Active
- Size
- 23,688 SF
- Lot size
- 8.85 Acres
- Property subtype
- Commercial
Listing agent Caitlin Burke
Listing office The Boulos Company
Listing date Jul 7, 2025
Source Aultcommercial
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 The Boulos Company
HighLights
- Two‑building property on a combined 8.85± acre site just off Route 1 in New Hampshire’s Seacoast region
- Includes in‑place income with 3 existing tenants
- Potential for building expansion or new construction
- Includes a sale‑leaseback with 3 existing tenants
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $9.12 |
| − Vacancy | −$12.5k | −$0.53 |
| EGI | $203.5k | $8.59 |
| − OpEx | −$30.5k | −$1.29 |
| NOI | $173.0k | $7.30 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Preferred Movers NH — 35 Cedar Rd, North Hampton, NH 03862
Location Insight
- Map
- Local Demand
- City
- North Hampton
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -70.839413
- Latitude
- 42.962852
