Building Details

Year Built 1980

Buildings 1

Stories 1

Tenancy Single

Listing Agency: KW Commercial Portsmouth

Listed By: Peter Metsch · License #NH 070766 Show Phone

Source: Crexi

Added: Feb 9, 2024 Changed: Sep 13 Last Checked: Oct 5 at 6:11PM

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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 / Yr

$22,764

Cap Rate

5.91%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $22,764 @ 7.0% cap · market cap 5.91%

Second Best

Industrial

$288.4K

$252.4K – $336.5K (±1% cap)

NOI $20,189 @ 7.0% cap · market cap 5.24%

Theoretical Best

Office A

$502.4K

$439.6K – $586.2K (±1% cap)

NOI $35,170 @ 7.0% cap · market cap 9.14%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Three Ponds Automotive Auto Repair Shop

Suggested Use

Top Pick Building Supply Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Hair Salon Storage Facility

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

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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

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Similar Off Market Nearby

• Three Ponds Automotive — 254 White Mountain Hwy, Milton, NH 03851
• Isinglass auto repair — Rt 75, Commerce Way, Milton, NH 03851
• Atkins Auto Repair & Performance — 14 Commerce Way, Milton, NH 03851
• Nihan Family Motor Works — 182 Elm St, 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