Flex Warehouse with 14-Foot Drive-Through
For Sale
$1,450,000
479 Us Route 4, Enfield, NH 03748
Super insulated flex/warehouse building with drive-in, drive-out access and multiple offices for a streamlined relocation or expansion.
Property Size7,488 SF
Price / SF$193.64
Days on Market518
Property Features for 479 Us Route 4
General Information
Standard status
Active
Size
7,488 SF
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
Vanessa Stone Real Estate
Listed By:
Leafie Casey Cantlin
(603) 763-4932
Source:
Harborlightrealty
Added: Mar 13, 2025
Changed: Aug 11
Last Checked: Aug 11 at 10:05AM
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 Vanessa Stone Real Estate
Investment Insights
Based on property information with market context.
This flex warehouse includes a super insulated building design and drive-in, drive-out flow through 14' doors. Interior clear height is 15', and the layout supports both operations and administration, with a receiving area and office on the first level plus two half baths. The second level is configured with four offices, providing dedicated space for management or staff needs.
The property includes land and building and features two driveway access points for convenient arrival and departures. There is driveway access off U.S. Route 4, along with additional driveway access off Lovejoy Brook Road. Total road frontage is listed at 668 feet, with ample parking available on site.
For tenants or buyers seeking a work-oriented building that can accommodate hands-on operations alongside office space, this configuration is well suited. The receiving area and 14' drive-through doors support efficient loading and unloading, while the second-level office setup allows day-to-day supervision without relocating to a separate facility. Municipal water and sewer are available, and the listing notes the option to rent or to lease purchase.
The property includes land and building and features two driveway access points for convenient arrival and departures. There is driveway access off U.S. Route 4, along with additional driveway access off Lovejoy Brook Road. Total road frontage is listed at 668 feet, with ample parking available on site.
For tenants or buyers seeking a work-oriented building that can accommodate hands-on operations alongside office space, this configuration is well suited. The receiving area and 14' drive-through doors support efficient loading and unloading, while the second-level office setup allows day-to-day supervision without relocating to a separate facility. Municipal water and sewer are available, and the listing notes the option to rent or to lease purchase.
Key Highlights
- 50' x 100' super‑insulated flex/warehouse building built in 1984, offered for $1,450,000 (land and building only)
- Drive‑in, drive‑out access with two 14' doors and 15' ceiling height for flexible loading and operations
- Road frontage and access: 287 ft off U.S. Rte. 4 and 381 ft off Lovejoy Brook Road (668 ft total frontage)
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
$82,740
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
5.71%
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%
$1,654,800
$1.7M
Cap Rate 7%
$1,182,000
$1.2M
Cap Rate 9%
$919,333
$919.3K
Market Conditions
NOI Build-Up for 7,488 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
$103.3K $13.80/SF
− Vacancy
−$6.0K −$0.80/SF
EGI
$97.3K $13.00/SF
− OpEx
−$14.6K −$1.95/SF
NOI
$82.7K $11.05/SF
Area
Grafton County, NH
Vacancy
5.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
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%
$1,654,800
Cap Rate 7%
$1,182,000
Cap Rate 9%
$919,333
Alternative Uses
Best Use
Warehouse
$1.18M
$1.03M – $1.38M
NOI $82,740 @ 7.0% cap · market cap 5.71%
Second Best
Flex RnD
$1.17M
$1.03M – $1.37M
NOI $82,236 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,300 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03748, NH
4,626
Population
2,581
Households
1.8
Avg Household Size
48
Median Age
46%
College-Educated
97%
High-School Grad
46.8 sq mi
ZIP Area
99
Density / Sq Mi
$96,335
Median Household Income
$55,308
Median Earnings
$1,403
Median Rent
$338,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Super insulated flex/warehouse building with drive-in, drive-out access and multiple offices for a streamlined relocation or expansion.
Where is this flex space located?
The property is located at 479 Us Route 4 Enfield, NH.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 50' x 100' super‑insulated flex/warehouse building built in 1984, offered for $1,450,000 (land and building only); Drive‑in, drive‑out access with two 14' doors and 15' ceiling height for flexible loading and operations; Road frontage and access: 287 ft off U.S. Rte. 4 and 381 ft off Lovejoy Brook Road (668 ft total frontage)
