Building Details

Year Built 1960

Listing Agency: REMAX Home Sweet Home

Listed By: Lynn Sweet · License #br909137 Show Phone

Source: Killingtonpicorealty

Added: Jun 4 Changed: Oct 16 Last Checked: Oct 16 at 9:31AM

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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

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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.

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 / Yr

$13,748

Cap Rate

6.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$274,960 $275.0K

Cap Rate 7%

$196,400 $196.4K

Cap Rate 9%

$152,756 $152.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

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 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 (±1% cap)

NOI $13,748 @ 7.0% cap · market cap 6.25%

Second Best

Industrial

$151.5K

$132.5K – $176.7K (±1% cap)

NOI $10,603 @ 7.0% cap · market cap 4.82%

Theoretical Best

Office A

$285.4K

$249.7K – $332.9K (±1% cap)

NOI $19,976 @ 7.0% cap · market cap 9.08%

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

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Pet Grooming Service Hair Salon

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

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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