High-Traffic Auto Garage for
For Sale
Contact for pricing
254 White Mountain Hwy, Milton, NH 03851
Three-bay auto garage with equipment and high visibility.
Property Size1,878 SF
Price / SF$205.01
Days on Market923
Property Features for 254 White Mountain Hwy
General Information
Standard status
Active
Size
1,878 SF
Property subtype
Retail
Zoning
IND/COMM
Building Details
Year Built
1980
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
KW Commercial Portsmouth
(339) 224-0912
Listed By:
Peter Metsch · License #NH 070766
Source:
Crexi
Added: Feb 9, 2024
Changed: Aug 20
Last Checked: Aug 19 at 5:13PM
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 KW Commercial Portsmouth
Investment Insights
Based on property information with market context.
This high-visibility, high-traffic three-bay auto garage presents an opportunity for entrepreneurs seeking to establish a business or expand existing operations. The business is currently booked for state inspections, oil changes, and general repairs, with the seller willing to convey these booked jobs upon closing. The shop features three 12-foot garage doors, an office area, a bathroom, a storage room, a shed, and ample parking. Heating is provided by a clean-burn used-oil furnace. The garage is wired for both 220 and 110 volts and includes a twin motor compressor setup. Operational equipment includes three 2-ton scissor lifts, a Snapon tire mounting machine, a Snapon tire balancing machine, a Snapon AC machine R134, a tire inflator/bead blaster, an Alpha Tig 200x welder, and a gasless plasma cutter, among other shop tools and equipment which conveys. The property size is 1878 square feet. The property is located at 254 White Mountain Hwy, Milton, NH 03851. There could also be an option for the seller to stay on board for an agreed-upon duration of time, with potential for an employee to stay as well.
Key Highlights
- High visibility and traffic location ideal for an auto garage business
- Includes 3 bays with 12' garage doors and essential equipment like lifts and tire machines
- Business is currently booked for inspections and repairs, with the seller willing to convey booked jobs
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
$22,764
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
5.91%
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%
$455,280
$455.3K
Cap Rate 7%
$325,200
$325.2K
Cap Rate 9%
$252,933
$252.9K
Market Conditions
NOI Build-Up for 1,878 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
$33.8K $18.00/SF
− Vacancy
−$1.3K −$0.68/SF
EGI
$32.5K $17.32/SF
− OpEx
−$9.8K −$5.19/SF
NOI
$22.8K $12.12/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$455,280
Cap Rate 7%
$325,200
Cap Rate 9%
$252,933
Alternative Uses
Best Use
Retail
$325.2K
$284.6K – $379.4K
NOI $22,764 @ 7.0% cap · market cap 5.91%
Second Best
Industrial
$288.4K
$252.4K – $336.5K
NOI $20,189 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$502.4K
$439.6K – $586.2K
NOI $35,170 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03851, NH
3,891
Population
1,785
Households
2.2
Avg Household Size
47
Median Age
17%
College-Educated
91%
High-School Grad
26.3 sq mi
ZIP Area
148
Density / Sq Mi
$98,750
Median Household Income
$49,178
Median Earnings
$1,503
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Atkins Auto Repair & Performance — 14 Commerce Way, Milton, NH 03851
- Nihan Family Motor Works — 182 Elm St, Milton, NH 03851
- Three Ponds Automotive — 254 White Mountain Hwy, Milton, NH 03851
- Isinglass auto repair — Rt 75, Commerce Way, Milton, NH 03851
Frequently Asked Questions
What type of property is this?
Auto shop - Three-bay auto garage with equipment and high visibility.
Where is this auto shop located?
The property is located at 254 White Mountain Hwy Milton, NH.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: High visibility and traffic location ideal for an auto garage business; Includes 3 bays with 12' garage doors and essential equipment like lifts and tire machines; Business is currently booked for inspections and repairs, with the seller willing to convey booked jobs
