Flex Building with Three-Phase
For Sale
$220,000
59 S Barnstead Road, Barnstead, NH 03225
Open work area includes a private office and on-site bathroom.
Property Size1,200 SF
Price / SF$183.33
Days on Market37
Property Features for 59 S Barnstead Road
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Warehouse & Industrial
Power
400 amps
Three-Phase Power
Yes
Building Details
Year Built
1960
Listing Agency:
REMAX Home Sweet Home
(603) 765-5325
Listed By:
Lynn Sweet · License #br909137
(802) 422-3600
Source:
Killingtonpicorealty
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 29 at 10:31AM
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 1960 flex space in Barnstead, NH, combines an open work area with a separate private office and on-site bathroom. The adaptable interior provides a straightforward foundation for configuring workspace around business operations and equipment needs.
Electrical infrastructure is a key property feature, with 400 amp, 3 phase power already installed. The building is located at 59 S Barnstead Rd and is rated Car-Dependent, with a bike score of 15 and a walk score of 0.
Electrical infrastructure is a key property feature, with 400 amp, 3 phase power already installed. The building is located at 59 S Barnstead Rd and is rated Car-Dependent, with a bike score of 15 and a walk score of 0.
Key Highlights
- 400 amp, 3 phase power installed
- Open work area suitable for customization
- Dedicated private office
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
$13,748
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
6.25%
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%
$274,960
$275.0K
Cap Rate 7%
$196,400
$196.4K
Cap Rate 9%
$152,756
$152.8K
Market Conditions
NOI Build-Up for 1,200 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
$23.0K $19.20/SF
− Vacancy
−$1.9K −$1.57/SF
EGI
$21.2K $17.63/SF
− OpEx
−$7.4K −$6.17/SF
NOI
$13.7K $11.46/SF
Area
Belknap County, NH
Vacancy
8.20%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
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%
$274,960
Cap Rate 7%
$196,400
Cap Rate 9%
$152,756
Alternative Uses
Best Use
Flex RnD
$196.4K
$171.9K – $229.1K
NOI $13,748 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$151.5K
$132.5K – $176.7K
NOI $10,603 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$285.4K
$249.7K – $332.9K
NOI $19,976 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03225, NH
3,799
Population
1,871
Households
2
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
27.8 sq mi
ZIP Area
137
Density / Sq Mi
$97,109
Median Household Income
$56,610
Median Earnings
$1,399
Median Rent
$308,600
Median Home Value
Market
Vacancy Rate% for Industrial 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 - Open work area includes a private office and on-site bathroom.
Where is this flex space located?
The property is located at 59 S Barnstead Road Barnstead, NH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 400 amp, 3 phase power installed; Open work area suitable for customization; Dedicated private office
