450 US Route 4, Canaan, NH 03741

Building Details

Buildings 1 More

Stories 2 More

Building Size 8,000 SF More

Construction Quonset Hut More

Listing Agency: Vanessa Stone Real Estate Show Phone

Listed By: Leafie Casey Cantlin · License #Leafie Casey Cantlin Show Phone

Source: Anotchaboverealestate

Added: Sep 16 Changed: Nov 6 Last Checked: Nov 6 at 2:39PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This flex space is housed in an 80' x 100' Quonset hut, with an air-conditioned office on the second floor. A 14-foot door and three-phase power serve the building, and ample parking is available.

Key Highlights

• 80' x 100' Quonset hut
• Air‑conditioned office on the second floor
• 14' door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,798

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,455,960 $1.5M

Cap Rate 7%

$1,039,971 $1.0M

Cap Rate 9%

$808,867 $808.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$110.4K $13.80/SF

− Vacancy

−$6.4K −$0.80/SF

EGI

$104.0K $13.00/SF

− OpEx

−$31.2K −$3.90/SF

NOI

$72.8K $9.10/SF

Area

Grafton County, NH

Vacancy

5.80%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,455,960

Cap Rate 7%

$1,039,971

Cap Rate 9%

$808,867

Alternative Uses

Best Use

Warehouse

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,397 @ 7.0% cap · market cap 2,525.63%

Second Best

Flex RnD

$1.26M

$1.10M – $1.46M (±1% cap)

NOI $87,859 @ 7.0% cap · market cap 2,510.26%

Theoretical Best

Office A

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $123,183 @ 7.0% cap · market cap 3,519.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Skin Care Clinic Spa & Massage Center Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03741, NH

4,071

Population

2,171

Households

1.9

Avg Household Size

47

Median Age

27%

College-Educated

91%

High-School Grad

76.4 sq mi

ZIP Area

53

Density / Sq Mi

$78,523

Median Household Income

$47,628

Median Earnings

$1,108

Median Rent

$241,000

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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6,733 SF

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Frequently Asked Questions

What type of property is this?

Flex space - The property includes an air-conditioned second-floor office, a 14-foot door, and three-phase power.

Where is this flex space located?

The property is located at 450 US Route 4 Canaan, NH.

What are key features of this property?

This property features: 80' x 100' Quonset hut; Air‑conditioned office on the second floor; 14' door