Multi-Building Industrial
38B South Road North Hampton, NH 03862
38B South Road, North Hampton, NH, 03862
$2,999,000
For Sale
$2,999,000
Two industrial buildings on a combined 8.85-acre site with in-place income and three existing tenants.
Property Size23,688 SF
Lot Size8.85 Acres
Price / SF$126.60
Days on Market403
Property Features for 38B South Road
General Information
- Standard status
- Active
- Size
- 23,688 SF
- Lot size
- 8.85 Acres
- Property subtype
- Commercial
Listing Agency
The Boulos Company
Listed by
Caitlin Burke
(603) 642-5171
Source
Mbgre
Added: Jun 9, 2025 Checked: Jul 15 at 8:49 pm
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 offering includes two industrial buildings situated on a combined 8.85± acre site. The property presents long-term potential for building expansion or new construction, while also benefiting from some in-place income through three existing tenants.
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.
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 |
23,688 SF · lease $9.12/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,979 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
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Similar Off Market Nearby
- Preferred Movers NH — 35 Cedar Rd, North Hampton, NH 03862
FAQs
What type of property is this?
Warehouse - Two industrial buildings on a combined 8.85-acre site with in-place income and three existing tenants.
Where is this warehouse located?
The property is located at 38B 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: 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
