Income-Producing Mixed-Use
7 Wallace Street, Rochester, NH 03839
For Sale
$1,895,000
Occupied commercial and residential spaces are served by municipal water and sewer.
Property Size10,763 SF
Price / SF$176.07
Days on Market129
Property Features for 7 Wallace Street
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Nai Norwood Group
(603) 668-7000
Listed By:
Deana Arden · License #069047
(603) 431-3001
Source:
Appleisland
Added: Jul 2
Changed: Nov 4
Last Checked: Nov 7 at 4:16AM
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 Nai Norwood Group
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Investment Insights
Based on property information with market context.
This 2.11±-acre property comprises commercial and residential buildings, along with a barn-style outbuilding. The approximately 10,763± SF assemblage includes office, warehouse, and industrial/flex space. Existing occupancy provides an in-place income stream, and the property has off-street parking.
Located in Rochester’s downtown commercial district, the property is zoned DT and connected to municipal water and sewer.
Located in Rochester’s downtown commercial district, the property is zoned DT and connected to municipal water and sewer.
Key Highlights
- 2.11± acres in Rochester’s downtown commercial district
- Approximately 10,763± SF across commercial, residential, office, warehouse, and industrial/flex space
- Existing occupancy and an in‑place income stream
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,428
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,928,560
$2.9M
Cap Rate 7%
$2,091,829
$2.1M
Cap Rate 9%
$1,626,978
$1.6M
Market Conditions
NOI Build-Up for 10,763 SF
Gross rent
$245.4K $22.80/SF
− Vacancy
−$20.1K −$1.87/SF
EGI
$225.3K $20.93/SF
− OpEx
−$78.8K −$7.33/SF
NOI
$146.4K $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%
$2,928,560
Cap Rate 7%
$2,091,829
Cap Rate 9%
$1,626,978
Alternative Uses
Best Use
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,428 @ 7.0% cap · market cap 7.73%
Second Best
Industrial
$1.65M
$1.45M – $1.93M
NOI $115,706 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,561 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
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Business Placement
Demographics for 03839, NH
4,058
Population
1,729
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
514
Density / Sq Mi
$86,932
Median Household Income
$56,060
Median Earnings
$1,361
Median Rent
$299,800
Median Home Value
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Market
Properties on Market for Mixed-use properties in Strafford County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupied commercial and residential spaces are served by municipal water and sewer.
Where is this mixed-use property located?
The property is located at 7 Wallace Street Rochester, NH.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 2.11± acres in Rochester’s downtown commercial district; Approximately 10,763± SF across commercial, residential, office, warehouse, and industrial/flex space; Existing occupancy and an in‑place income stream
