Mixed-Use Property with 5-Bay
For Sale
$699,900
9 Zapora Drive, Hooksett, NH 03106
Residential space is paired with an approved, grandfathered automotive service use.
Property Size1,664 SF
Lot Size1.50 Acres
Price / SF$420.61
Days on Market10
Property Features for 9 Zapora Drive
General Information
Standard status
Active
Size
1,664 SF
Lot size
1.50 Acres
Property subtype
Commercial
Lease Term
[]
Additional Details
Service Bays
5
Building Details
Year Built
1982
Listing Agency:
Coldwell Banker Classic Realty
Listed By:
David Columb
(802) 457-2000
Source:
Williamson-group
Added: Sep 7
Changed: Sep 15
Last Checked: Sep 15 at 8:24AM
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 Coldwell Banker Classic Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a 2-bedroom, 1-bath residence with a separate 1,664-square-foot automotive building. The garage contains five bays and carries an approved, grandfathered auto body and service use, providing an established framework for automotive operations, trades, storage, or related service work. The home offers 1,353 square feet of living space.
Set on 1.5 acres at 9 Zapora Drive in Hooksett, the property was built in 1982. Its combination of residential accommodations and dedicated commercial space supports a live-work arrangement within a single property.
Set on 1.5 acres at 9 Zapora Drive in Hooksett, the property was built in 1982. Its combination of residential accommodations and dedicated commercial space supports a live-work arrangement within a single property.
Key Highlights
- Approved, grandfathered 5‑bay auto body and service garage
- 1,664‑square‑foot commercial garage building
- 2‑bedroom, 1‑bath home with 1,353 sq ft of living space
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
$23,264
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
3.32%
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%
$465,280
$465.3K
Cap Rate 7%
$332,343
$332.3K
Cap Rate 9%
$258,489
$258.5K
Market Conditions
NOI Build-Up for 1,664 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
$35.9K $21.60/SF
− Vacancy
−$4.9K −$2.96/SF
EGI
$31.0K $18.64/SF
− OpEx
−$7.8K −$4.66/SF
NOI
$23.3K $13.98/SF
Area
Merrimack County, NH
Vacancy
13.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$465,280
Cap Rate 7%
$332,343
Cap Rate 9%
$258,489
Alternative Uses
Best Use
Office B
$332.3K
$290.8K – $387.7K
NOI $23,264 @ 7.0% cap · market cap 3.32%
Second Best
Retail
$277.1K
$242.4K – $323.2K
NOI $19,394 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$433.3K
$379.1K – $505.5K
NOI $30,329 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 03106, NH
14,799
Population
5,679
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
36.0 sq mi
ZIP Area
411
Density / Sq Mi
$107,137
Median Household Income
$49,950
Median Earnings
$1,638
Median Rent
$371,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Mixed-use property - Residential space is paired with an approved, grandfathered automotive service use.
Where is this mixed-use property located?
The property is located at 9 Zapora Drive Hooksett, NH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approved, grandfathered 5‑bay auto body and service garage; 1,664‑square‑foot commercial garage building; 2‑bedroom, 1‑bath home with 1,353 sq ft of living space
