Building Details

Year Built 1975

Buildings 1

Listing Agency: Keller Williams Realty Evolution Show Phone

Listed By: Stephen Cavanaugh · License #Stephen A Cavanaugh Show Phone

Source: Longviewcre

Added: Jul 17 Changed: Oct 28 Last Checked: Oct 28 at 4:22PM

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Investment Insights

Based on property information with market context.

This freestanding flex property combines warehouse and manufacturing space with a storefront retail component. The building offers high-clearance ceilings and bay doors, along with ample on-site parking. Its 3,800 square feet can be occupied as one contiguous space or divided. Built in 1975, the property is available for occupancy now.

The site sits on the Route 1 retail corridor in Seabrook, where NHDOT reports daily traffic of 20,012 vehicles. The storefront presence adds a retail-facing element to the building’s warehouse and manufacturing configuration.

Key Highlights

• 3,800 SF freestanding flex building with warehouse, manufacturing, and storefront retail components
• High‑clearance ceilings and bay doors
• Ample on‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,502

Suggested Prices Based on Cap Rates

Cap Rate 5%

$470,040 $470.0K

Cap Rate 7%

$335,743 $335.7K

Cap Rate 9%

$261,133 $261.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,800 SF

Gross rent

$36.0K $9.48/SF

− Vacancy

−$2.4K −$0.64/SF

EGI

$33.6K $8.84/SF

− OpEx

−$10.1K −$2.65/SF

NOI

$23.5K $6.18/SF

Area

Rockingham County, NH

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$470,040

Cap Rate 7%

$335,743

Cap Rate 9%

$261,133

Alternative Uses

Best Use

Retail

$767.4K

$671.5K – $895.4K (±1% cap)

NOI $53,721 @ 7.0% cap · market cap 358,140.00%

Second Best

Flex RnD

$622.2K

$544.4K – $725.9K (±1% cap)

NOI $43,553 @ 7.0% cap · market cap 290,353.33%

Theoretical Best

Office A

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,559 @ 7.0% cap · market cap 590,393.33%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Smoky Quartz Distillery Brewery & Distillery

Suggested Use

Top Pick HVAC Service Electrical Service Garden Center Bakery Locksmith Carpet & Flooring Store

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

20,012 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

358

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 03874, NH

8,542

Population

4,403

Households

1.9

Avg Household Size

51

Median Age

26%

College-Educated

91%

High-School Grad

8.9 sq mi

ZIP Area

960

Density / Sq Mi

$87,000

Median Household Income

$47,047

Median Earnings

$1,435

Median Rent

$435,100

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

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Frequently Asked Questions

What type of property is this?

Flex space - A storefront component accompanies the warehouse and manufacturing space, with the option to divide the property or lease it as one unit.

Where is this flex space located?

The property is located at 894 Lafayette Road Seabrook, NH.

What are key features of this property?

This property features: 3,800 SF freestanding flex building with warehouse, manufacturing, and storefront retail components; High‑clearance ceilings and bay doors; Ample on‑site parking