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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    118 Lafayette Rd North Hampton, NH 03862-2411

    • Commercial real estate
    • 1,726 SF
    • 2.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0587595
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • North Hampton Chiropractic Office / Alternative Medicine Practice
    • Stacey's Scrub Hub / (Bike/Boat/Book/etc) Store
    • Superior Signs, Design & Graphics / (Bike/Boat/Book/etc) Store / Printing Service
    • All Seasons Consignment & Services / Discount Store / (Bike/Boat/Book/etc) Store
    • Superior Seacoast Hobby / (Bike/Boat/Book/etc) Store

    Property Details for 118 Lafayette Rd

    Year built
    1960
    Lot size
    2.09 lot acres
    Property size
    1,726 SF
    Zone code
    IB/R
    Property type
    Commercial real estate
    APN
    NHTN M:13 B:23 L:
    APU
    NHTNM13B23L

    Description

    This exceptional 1,017-square-foot commercial property at 118 Lafayette Road in North Hampton, New Hampshire, presents a fantastic opportunity for a single-tenant business. Located on the highly visible and busy Route 1 (Lafayette Road), this space boasts over 14,000 cars passing daily, ensuring maximum exposure for your business. The first-floor office features a bright and open layout with sixteen windows, including two large display windows facing the street, perfect for showcasing your products or services. The interior offers the potential to create three separate office spaces, providing flexibility to suit your needs. Convenient amenities include a private bathroom and a small kitchenette. The monthly lease is $1,100, plus utilities (heat and electric), with a minimum one-year lease term. This property is ideal for a variety of businesses, including retail, office, or service-based operations. Excellent signage opportunities are available, further enhancing your visibility to the high volume of daily traffic. The property is situated in Rockingham County, New Hampshire, and has a 03862 zip code. Don't miss this chance to establish your business in a prime North Hampton location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Hampton
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.8314
    Latitude
    42.9852
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,769
    $450,700
    $173,300
    $624,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,594 SF

      216 Lafayette Rd

      COMMERCIAL (GENERAL) • 3,594 SF
      216 Lafayette Rd, North Hampton, NH 03862-2445
      View Details
    • Value Estimation
      $1,330,000
      16,000 SF

      189 Lafayette Rd

      SHOW ROOM, WAREHOUSE • 16,000 SF
      189 Lafayette Rd, North Hampton, NH 03862-2413
      View Details
    • Value Estimation by Request
      2,700 SF

      1 Ocean Blvd

      COMMERCIAL (GENERAL) • 2,700 SF
      1 Ocean Blvd, North Hampton, NH 03862-2325
      View Details
    • Value Estimation
      $1,290,000
      12,000 SF

      39 Cedar Rd

      COMMERCIAL (GENERAL) • 12,000 SF
      39 Cedar Rd, North Hampton, NH 03862-2351
      View Details
    • Value Estimation by Request
      2,400 SF

      57 Lafayette Rd

      COMMERCIAL (GENERAL) • 2,400 SF
      57 Lafayette Rd, North Hampton, NH 03862-2403
      View Details
    • Value Estimation
      $835,000
      8,078 SF

      125 Lafayette Rd

      COMMERCIAL (GENERAL) • 8,078 SF
      125 Lafayette Rd, North Hampton, NH 03862-2410
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Seacoast Redevelopment Opportunity

      16+ Acres, 5 Buildings, High Traffic
      70 Lafayette Rd, North Hampton, NH 03862
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    • $2,350,000
      5,800 SF

      Motorsports Showroom and Service Center

      Boutique showroom and service center in North Hampton, New Hampshire.
      108 Lafayette Rd, North Hampton, NH 03862
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    • Contact for pricing
      14,000 SF

      Prime North Hampton Industrial Space

      14,000 SF Flex Warehouse, 3 Acres
      34 Lafayette Rd, North Hampton, NH 03862
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    • $2,999,000

      Two Buildings on 8.85 Acres

      Two buildings on 8.85 acres near Route 1.
      38B South Rd Rear & 38 Rd South, North Hampton, NH 03862
      View Details
    • $1,950,000

      Mixed-Use Property on Route 1

      Income-producing retail plaza with detached home on busy corridor.
      135 Lafayette Rd, North Hampton, NH 03862
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    • $1,950,000

      Lafayette Road Commercial Land

      Commercial land available on Lafayette Road.
      112 Lafayette Rd, North Hampton, NH 03862
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      4,000 SF

      Versatile Retail/Office Space Available

      4,000± SF retail/office space in North Hampton's retail corridor.
      18 Lafayette Rd, North Hampton, NH 03862
      View Details
    • $15 SF/Yr

      Versatile Commercial Space For Lease

      13,124 SF flex and garage space available for lease.
      38B South Rd, North Hampton, NH 03862
      View Details
    • $800 /Mo
      435 SF

      North Hampton Office/Retail Space

      Office/retail space with roadside signage on Route 1.
      200 Lafayette Rd, North Hampton, NH 03862
      View Details
    • $15 SF/Yr

      Versatile Flex Space Available

      13,124 SF flex space with garage and office areas.
      38B South Rd High Bay, North Hampton, NH 03862
      View Details
    • $25 SF/Yr
      2,050 SF

      Professional Office Space Available

      2,050 SF professional office suite available for rent.
      155 Lafayette Rd, North Hampton, NH 03862
      View Details
    • $15 SF/Yr

      Versatile Flex Space Available

      13,124 SF flex space with high bay garage.
      38B South Rd 2, North Hampton, NH 03862
      View Details
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    118 Lafayette Rd
    North Hampton, NH 03862-2411
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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