38B South Road North Hampton, NH 03862
Two industrial buildings on a combined 8.85-acre site with in-place income and three existing tenants.
- Added:
- Jun 9, 2025
- Days on Market:
- 398
- Last Refresh:
- Jul 9 at 2:16 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 office The Boulos Company
Listing date Jun 9, 2025
Source Mbgre
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
Investment Insights
Based on property information with market context.
The buildings are located just off Route 1 in New Hampshire’s Seacoast region, at 38B South Road in North Hampton.
The transaction is described as a sale-leaseback, with the existing tenant occupancy referenced in the public remarks.
Key Highlights
- Two industrial buildings on a combined 8.85± acre site in New Hampshire’s Seacoast region
- In‑place income with three existing tenants
- Long‑term potential for building expansion or new construction
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
Property Analytics
Current Use by Public Records
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