Building Details

Year Built 1965

Listing Agency: Maxfield Real Estate/Wolfeboro

Listed By: Martha J Trepanier Show Phone

Source: Megansellsnh

Added: Sep 2 Changed: Oct 4 Last Checked: Oct 7 at 3:46PM

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Investment Insights

Based on property information with market context.

Built in 1965, this two-unit flex property combines service, storage, and workspace improvements on an oversized lot. The front unit contains two bays with new epoxy flooring, two electric overhead drive-in doors, propane heat, a bathroom, and a small office with a propane heater. The rear unit adds two large garage bays, three storage or warehouse rooms, and an oil-heated bathroom. Two exterior metal storage containers supplement the building’s storage capacity, while the lot provides parking and room for vehicles, boats, trailers, and equipment. A new electrical panel has also been installed.

The property is located at 46 Suncook Valley Road in Alton, NH, just off the Alton Traffic Circle. The site offers visibility and access to major routes, with zoning identified as RC.

Key Highlights

• Two‑unit flex property with four garage bays and three storage or warehouse rooms
• Front unit includes two electric overhead drive‑in doors and new epoxy flooring
• Rear unit includes two large garage bays, three storage/warehouse rooms, and a bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,970

Cap Rate

6.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,400 $759.4K

Cap Rate 7%

$542,429 $542.4K

Cap Rate 9%

$421,889 $421.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,223 SF

Gross rent

$58.0K $18.00/SF

− Vacancy

−$3.8K −$1.17/SF

EGI

$54.2K $16.83/SF

− OpEx

−$16.3K −$5.05/SF

NOI

$38.0K $11.78/SF

Area

Belknap County, NH

Vacancy

6.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,400

Cap Rate 7%

$542,429

Cap Rate 9%

$421,889

Alternative Uses

Best Use

Retail

$542.4K

$474.6K – $632.8K (±1% cap)

NOI $37,970 @ 7.0% cap · market cap 6.34%

Second Best

Flex RnD

$527.5K

$461.6K – $615.4K (±1% cap)

NOI $36,925 @ 7.0% cap · market cap 6.16%

Theoretical Best

Office A

$766.4K

$670.6K – $894.2K (±1% cap)

NOI $53,651 @ 7.0% cap · market cap 8.96%

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

Property Analytics

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Current Use

Next Gen Surface ... Renovation Specialist Reds Mobile Detailing ... Car Wash Wilson's X-Treme Detailing ... Car Wash Pressure Wash That ... Landscaping

Suggested Use

Top Pick Plumbing Service Auto Parts Store Garden Center Bakery (Bike/Boat/Book/etc) Store Catering Service

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

Lease Details

2

Drive-in doors

4

Service bays

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

138

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03809, NH

3,644

Population

2,001

Households

1.8

Avg Household Size

50

Median Age

32%

College-Educated

94%

High-School Grad

40.1 sq mi

ZIP Area

91

Density / Sq Mi

$92,278

Median Household Income

$44,726

Median Earnings

$616

Median Rent

$331,900

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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Frequently Asked Questions

What type of property is this?

Flex space - Two commercial units combine garage bays, storage rooms, offices, bathrooms, and outdoor storage capacity.

Where is this flex space located?

The property is located at 46 Suncook Valley Rd Alton, NH.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Two‑unit flex property with four garage bays and three storage or warehouse rooms; Front unit includes two electric overhead drive‑in doors and new epoxy flooring; Rear unit includes two large garage bays, three storage/warehouse rooms, and a bathroom