Two Buildings on 8.85
For Sale
$2,999,000
38B South Rd 38B South Road Rear & 38 South Road, North Hampton, NH 03862
Two buildings on 8.85 acres near Route 1.
Property Size23,688 SF
Days on Market312
Property Features for 38B South Rd 38B South Road Rear & 38 South Road
General Information
Standard status
Active
Size
23,688 SF
Property subtype
Commercial
Building Details
Building Size
23,688 SF
Listing Agency:
The Boulos Company
Listed By:
Caitlin Burke · License #071626
(603) 570-2680
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 23
Last Checked: Oct 5 at 6:40PM
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.
This is a rare chance to acquire two buildings on 8.85 acres in New Hampshire's Seacoast region, just off Route 1. The site offers potential for building expansion or new construction. There is some in-place income at the time of sale, including a sale-leaseback with Brown Bear Transportation at 38B South Road Rear, and an existing tenant in place at 38 South Road.
Key Highlights
- Rare opportunity to acquire two properties in New Hampshire's Seacoast region.
- Two buildings on 8.85 acres.
- Located just off Route 1.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,979
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,459,580
$3.5M
Cap Rate 7%
$2,471,129
$2.5M
Cap Rate 9%
$1,921,989
$1.9M
Market Conditions
NOI Build-Up for 23,688 SF
Gross rent
$216.0K $9.12/SF
− Vacancy
−$12.5K −$0.53/SF
EGI
$203.5K $8.59/SF
− OpEx
−$30.5K −$1.29/SF
NOI
$173.0K $7.30/SF
Area
Rockingham County, NH
Vacancy
5.80%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,459,580
Cap Rate 7%
$2,471,129
Cap Rate 9%
$1,921,989
Alternative Uses
Best Use
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,979 @ 7.0% cap · market cap 5.77%
Second Best
Industrial
$2.09M
$1.83M – $2.44M
NOI $146,504 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$7.89M
$6.90M – $9.20M
NOI $552,048 @ 7.0% cap · market cap 18.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 03862, NH
4,597
Population
2,311
Households
2
Avg Household Size
53
Median Age
52%
College-Educated
95%
High-School Grad
13.9 sq mi
ZIP Area
331
Density / Sq Mi
$136,170
Median Household Income
$73,261
Median Earnings
$1,950
Median Rent
$611,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Two buildings on 8.85 acres near Route 1.
Where is this truck terminal located?
The property is located at 38B South Rd 38B South Road Rear & 38 South Road North Hampton, NH.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Rare opportunity to acquire two properties in New Hampshire's Seacoast region.; Two buildings on 8.85 acres.; Located just off Route 1.
