Flex Retail and Warehouse
For Sale
Contact for pricing
471 NH RTE 11, Farmington, NH 03835
Fully built-out restaurant with drive-thru, plus substantial garage and high-bay warehouse space and a second-floor office area.
Property Size6,514 SF
Price / SF$168.87
Days on Market165
Property Features for 471 NH RTE 11
General Information
Standard status
Active
Size
6,514 SF
Class
B
Property subtype
Retail
Zoning
CB
Investment Type
Owner/User
Building Details
Year Built
2004
Buildings
3
Stories
2
Listing Agency:
KW Commercial
Listed By:
ERIC LEVIN · License #068272
(603) 799-1190
Source:
Crexi
Added: May 12
Changed: Oct 11
Last Checked: Oct 23 at 7:16AM
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 KW Commercial
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Investment Insights
Based on property information with market context.
The property includes a fully built-out restaurant featuring expansive storefront windows, customer seating, a service counter, commercial kitchen infrastructure, walk-in refrigeration, prep areas, utility/storage, multiple restrooms, and drive-thru infrastructure. A large paved parking area supports customer access.
In addition to the restaurant component, the building offers substantial garage space with multiple overhead doors, high-bay access, flexible work/storage areas, and separate entrances. A finished second-floor office/lounge area includes a kitchenette and bathroom, creating options for office, conference, employee, training, or workspace use. The property also includes public water and existing signage potential, with flexible commercial/industrial zoning.
Positioned with easy access to Rte 11 and Route 16 in Farmington, NH, the site is approximately 3.5 miles from The Ridge Marketplace in Rochester, which includes Market Basket, Hobby Lobby, Ulta Beauty, Marshalls, Petco, Starbucks, NH Liquor & Wine Outlet, and other major national retailers.
In addition to the restaurant component, the building offers substantial garage space with multiple overhead doors, high-bay access, flexible work/storage areas, and separate entrances. A finished second-floor office/lounge area includes a kitchenette and bathroom, creating options for office, conference, employee, training, or workspace use. The property also includes public water and existing signage potential, with flexible commercial/industrial zoning.
Positioned with easy access to Rte 11 and Route 16 in Farmington, NH, the site is approximately 3.5 miles from The Ridge Marketplace in Rochester, which includes Market Basket, Hobby Lobby, Ulta Beauty, Marshalls, Petco, Starbucks, NH Liquor & Wine Outlet, and other major national retailers.
Key Highlights
- Fully built‑out restaurant with customer seating, service counter, and commercial kitchen infrastructure
- Includes walk‑in refrigeration, prep areas, utility/storage room, multiple restrooms, and drive‑thru
- Expansive storefront with large paved parking area, multiple entrances, and high visibility frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,621
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,772,420
$1.8M
Cap Rate 7%
$1,266,014
$1.3M
Cap Rate 9%
$984,678
$984.7K
Market Conditions
NOI Build-Up for 6,514 SF
Gross rent
$148.5K $22.80/SF
− Vacancy
−$12.2K −$1.87/SF
EGI
$136.3K $20.93/SF
− OpEx
−$47.7K −$7.33/SF
NOI
$88.6K $13.60/SF
Area
Strafford County, NH
Vacancy
8.20%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,772,420
Cap Rate 7%
$1,266,014
Cap Rate 9%
$984,678
Alternative Uses
Best Use
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,517 @ 7.0% cap · market cap 9.23%
Second Best
Flex RnD
$1.27M
$1.11M – $1.48M
NOI $88,621 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,989 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03835, NH
6,758
Population
2,994
Households
2.3
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
36.8 sq mi
ZIP Area
184
Density / Sq Mi
$63,704
Median Household Income
$33,333
Median Earnings
$963
Median Rent
$273,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Just Us Cardinals, LLC — 78 Main St, Farmington, NH 03835
Frequently Asked Questions
What type of property is this?
Flex space - Fully built-out restaurant with drive-thru, plus substantial garage and high-bay warehouse space and a second-floor office area.
Where is this flex space located?
The property is located at 471 NH RTE 11 Farmington, NH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully built‑out restaurant with customer seating, service counter, and commercial kitchen infrastructure; Includes walk‑in refrigeration, prep areas, utility/storage room, multiple restrooms, and drive‑thru; Expansive storefront with large paved parking area, multiple entrances, and high visibility frontage
