Flex Property with Three
For Sale
$1,300,000
468 Mountain Ave, Northwood, NH 03261
Three-building commercial property combining industrial, office, and residential or retail space with dual access points.
Property Size2,592 SF
Lot Size2.98 Acres
Price / SF$501.54
Days on Market41
Property Features for 468 Mountain Ave
General Information
Standard status
Active
Size
2,592 SF
Lot size
2.98 Acres
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Three-Phase Power
Yes
Building Details
Year Built
1981
Buildings
3
Listing Agency:
REMAX Home Sweet Home
(603) 765-5325
Listed By:
Lynn Sweet · License #br909137
Source:
Sellsnhre
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 25 at 5:26AM
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 REMAX Home Sweet Home
Investment Insights
Based on property information with market context.
This 2.977-acre flex property includes three separate structures totaling 2,592 square feet, with a combination of industrial, office, and residential or retail areas. Built in 1981, the property supports a range of commercial configurations within one connected site.
Frontage on State Route 43 provides direct roadway exposure, while dual ingress and egress points support site access. Three-phase power is available at the street, and the property offers access to major trucking routes and regional airports. The layout may accommodate an owner-operator arrangement or multiple occupancy areas, subject to applicable approvals.
Frontage on State Route 43 provides direct roadway exposure, while dual ingress and egress points support site access. Three-phase power is available at the street, and the property offers access to major trucking routes and regional airports. The layout may accommodate an owner-operator arrangement or multiple occupancy areas, subject to applicable approvals.
Key Highlights
- 2.977‑acre flex property on State Route 43
- Three structures totaling 2,592 square feet
- Industrial, office, and residential or retail areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,496
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$889,920
$889.9K
Cap Rate 7%
$635,657
$635.7K
Cap Rate 9%
$494,400
$494.4K
Market Conditions
NOI Build-Up for 2,592 SF
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.
Gross rent
$68.4K $26.40/SF
− Vacancy
−$9.1K −$3.51/SF
EGI
$59.3K $22.89/SF
− OpEx
−$14.8K −$5.72/SF
NOI
$44.5K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$889,920
Cap Rate 7%
$635,657
Cap Rate 9%
$494,400
Alternative Uses
Best Use
Office B
$635.7K
$556.2K – $741.6K
NOI $44,496 @ 7.0% cap · market cap 3.42%
Second Best
Flex RnD
$424.4K
$371.4K – $495.1K
NOI $29,708 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$862.9K
$755.1K – $1.01M
NOI $60,406 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03261, NH
4,685
Population
2,191
Households
2.1
Avg Household Size
44
Median Age
42%
College-Educated
98%
High-School Grad
28.2 sq mi
ZIP Area
166
Density / Sq Mi
$117,841
Median Household Income
$49,409
Median Earnings
$1,183
Median Rent
$356,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Three-building commercial property combining industrial, office, and residential or retail space with dual access points.
Where is this flex space located?
The property is located at 468 Mountain Ave Northwood, NH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2.977‑acre flex property on State Route 43; Three structures totaling 2,592 square feet; Industrial, office, and residential or retail areas
