10 Watson Rd, Barnstead, NH 03218-3707
- Showrooms
- 3,247 SF
- 1.75 lot acres
Current Use by Public Records
- Tesla Self Storage / Storage Facility
Property Details for 10 Watson Rd
- Year built
- 1986
- Lot size
- 1.75 lot acres
- Zone code
- 301 CO
- Property type
- Showrooms
- APN
- BRND M:00002 L:000065 S:000001
- APU
- BRNDM00002L000065S000001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 22, 2021 | $600,000 | Tesla Properties LLC | Dollena F Card | Warranty Deed | $460k · Franklin Savings Bank |
Description
This exceptional investment opportunity in Barnstead, NH, presents a unique blend of income-generating properties. The property encompasses 1.75 acres and features two self-storage buildings with a total of 49 units, providing a consistent revenue stream. In addition to the self-storage units, a substantial main building offers significant rental potential. This building includes a retail space exceeding 1,000 square feet, currently leased to an HVAC company at a monthly rent of $1,500. The main building also houses two residential apartments: a large two-bedroom apartment on the first floor, renting for $1,500 per month, and a spacious studio apartment on the second floor, commanding a monthly rent of $950. The total square footage of the entire property is 2,766 square feet. Apartment tenants are responsible for their own separately metered propane gas heat and electricity. The retail space is equipped with central air conditioning. This property offers a diverse portfolio of income streams, making it an attractive investment for those seeking a stable and potentially high-return opportunity. The asking price for this multi-faceted property is $995,000. This is a turnkey operation with existing tenants and established rental income.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $815,000
- ML approach
- $765,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $500,000
- 6.5%
- $460,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $783,000
- AI Estimate
- $565,000
Market price range: $271k - $783kMarket price range: $187k - $566k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $500,000 Current use
- OFFICE BUILDING
- $440,000 Change: -12% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Barnstead
- County
- Belknap
- State
- New Hampshire
- Longitude
- -71.2892
- Latitude
- 43.3402
- CBSA code
- 29060
- CBSA name
- LACONIA, NH MICROPOLITAN STATISTICAL AREA
