Building Details

Year Built 2005

Building Size 2,400 SF

Listing Agency: Old Mill Properties REALTORS

Listed By: Lorna Platts Sirois · License #067572 Show Phone

Source: Laerrealty

Added: Oct 11 Last Checked: Oct 12 at 4:49PM

Report an Issue

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 Old Mill Properties REALTORS

Investment Insights

Based on property information with market context.

This 2,400-square-foot flex property sits on approximately 2.19 acres. The 40-by-60-foot building includes finished showroom and retail space, an office, a utility room, a shop, and a half bath. The shop has an overhead garage door wired for 3-phase power.

The property has 391 feet of frontage on NH Route 104, with reported traffic counts of 12,000–18,000 vehicles per day. It is approximately 10 minutes from Meredith. A paved parking lot provides 10+ spaces.

Key Highlights

• Approximately 2.19 acres with 391 feet of frontage on NH Route 104
• 2,400 square feet of finished space in a 40' x 60' building
• Shop has an overhead garage door wired for 3‑phase power

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,274

Cap Rate

5.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$565,480 $565.5K

Cap Rate 7%

$403,914 $403.9K

Cap Rate 9%

$314,156 $314.2K

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$43.2K $18.00/SF

− Vacancy

−$2.8K −$1.17/SF

EGI

$40.4K $16.83/SF

− OpEx

−$12.1K −$5.05/SF

NOI

$28.3K $11.78/SF

Area

Belknap County, NH

Vacancy

6.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$565,480

Cap Rate 7%

$403,914

Cap Rate 9%

$314,156

Alternative Uses

Best Use

Retail

$403.9K

$353.4K – $471.2K (±1% cap)

NOI $28,274 @ 7.0% cap · market cap 5.14%

Second Best

Flex RnD

$392.8K

$343.7K – $458.3K (±1% cap)

NOI $27,496 @ 7.0% cap · market cap 5.00%

Theoretical Best

Office A

$570.7K

$499.4K – $665.9K (±1% cap)

NOI $39,951 @ 7.0% cap · market cap 7.26%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Furniture & Home Goods Grocery & Convenience Store Restaurant Spa & Massage Center

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

Lease Details

18,000 VPD

Traffic count

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03256, NH

2,373

Population

1,032

Households

2.3

Avg Household Size

49

Median Age

34%

College-Educated

95%

High-School Grad

36.8 sq mi

ZIP Area

64

Density / Sq Mi

$83,804

Median Household Income

$37,274

Median Earnings

$1,125

Median Rent

$363,200

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - A shop with an overhead garage door and paved parking provides practical space for commercial operations.

Where is this flex space located?

The property is located at 730 NH Route 104 New Hampton, NH.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Approximately 2.19 acres with 391 feet of frontage on NH Route 104; 2,400 square feet of finished space in a 40' x 60' building; Shop has an overhead garage door wired for 3‑phase power