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    Property profile & analytics
    OFF-MARKET Estimated value $520,000
    Office buildings

    5 Ledge Rd, Windham, NH 03087-1590

    3,087 SF 1.2 ac lot Built 1925
    Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US58-0033633
    Property summary
    AI-generated overview

    This exceptional 1-acre commercial lot in Windham, NH, presents a unique opportunity for businesses seeking flexible lease arrangements. Ideally situated near I-93 exit 3, this property offers convenient access via potential routes including Route 111 and Ledge Road. The land is available for lease to accommodate a variety of uses, including parking, storage, or the construction of tenant improvements. Lease rates commence at $1,500 per month. However, the monthly rental cost is subject to negotiation, depending on the extent and nature of any tenant-funded improvements to the site. This adaptability allows for customized solutions to meet specific business needs. The lease terms are flexible, catering to both short-term and long-term occupancy requirements. Whether you require a simple parking area or a more extensive development, this property offers the potential for significant operational advantages due to its prime location and adaptable lease structure. The absence of pre-existing structures allows for complete customization to suit your business's unique requirements. Interested parties are encouraged to inquire about specific lease terms and pricing based on their intended use and any planned improvements.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1925
    Construction FRAME
    Total area 3,087 SF
    Lot 1.2 ac (52,272 SF)
    Zoning code LID
    APN WNDM M:11 B:A L:150
    UPID US58-0033633
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Driving Legends NH Driving School Training Center Vocational School
    • Aries Building Systems, LLC Production Facility Construction Company
    • Alternative Test Resources Inc (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $557k
    Blend (final) Blend
    $520k
    Owner & transaction history
    R L Bellia Properties LLC · 14 yrs held
    R L Bellia Properties LLC
    since 2011
    4 recorded transactions
    2019
    2011
    $300,000
    2001
    $279,000
    1969
    Zoning & alternative use
    LID · Windham, NH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $815,000 +39.7%
    Commercial (general) $710,000 +22.3%
    Retail stores $670,000 +14.8%
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