Residential Income Property with Central
For Sale
$525,000
449-451 New Zealand Road, Seabrook, NH 03874
Manufactured/mobile property with paved exterior areas, natural-gas forced-air heating, and an electric water heater.
Property Size2,084 SF
Price / SF$251.92
Days on Market187
Property Features for 449-451 New Zealand Road
General Information
Standard status
Active
Size
2,084 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
50
Taxes and HOA fees
Annual Taxes
$8,131
Amenities
Central Air
Natural Gas, Forced Air
Electric Water Heater
Paved
Manuf/Mobile
Building Details
Building Size
2,084 SF
Year Built
1990
Stories
1
Listed By:
Tina Tzortzis
(603) 459-9632
Source:
Evrealestate
Added: Apr 3
Changed: Oct 3
Last Checked: Oct 5 at 5:44PM
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 Tina Tzortzis
Investment Insights
Based on property information with market context.
This residential income property at 449-451 New Zealand Road includes 2,084 of reported property size and was built in 1990. Interior systems include central air, natural-gas forced-air heating, and an electric water heater. The exterior is paved and identified as manufactured/mobile construction.
The property is located in Seabrook, NH, in Rockingham County. Access is provided from Exit 1 off 95 via NH Route 107, with the site 0.2 miles along New Zealand Road on the left. Zoning is listed as 50.
The property is located in Seabrook, NH, in Rockingham County. Access is provided from Exit 1 off 95 via NH Route 107, with the site 0.2 miles along New Zealand Road on the left. Zoning is listed as 50.
Key Highlights
- 2,084 reported property size
- Built in 1990
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,624
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,480
$632.5K
Cap Rate 7%
$451,771
$451.8K
Cap Rate 9%
$351,378
$351.4K
Market Conditions
NOI Build-Up for 2,084 SF
Gross rent
$60.0K $28.80/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$57.5K $27.59/SF
− OpEx
−$25.9K −$12.42/SF
NOI
$31.6K $15.17/SF
Area
Rockingham County, NH
Vacancy
4.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,480
Cap Rate 7%
$451,771
Cap Rate 9%
$351,378
Alternative Uses
Best Use
Apartment 5plus
$451.8K
$395.3K – $527.1K
NOI $31,624 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$693.8K
$607.1K – $809.5K
NOI $48,568 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 03874, NH
8,542
Population
4,403
Households
1.9
Avg Household Size
51
Median Age
26%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
960
Density / Sq Mi
$87,000
Median Household Income
$47,047
Median Earnings
$1,435
Median Rent
$435,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Manufactured/mobile property with paved exterior areas, natural-gas forced-air heating, and an electric water heater.
Where is this residential income property located?
The property is located at 449-451 New Zealand Road Seabrook, NH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,084 reported property size; Built in 1990; Central air conditioning
