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892 Lafayette Rd Hampton, NH 03842

Showrooms Google Maps
1,680 SF 0.5 ac lot Built 1978
Entity Owned 23-yr Hold Free & Clear
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID US58-0012120

Property summary

AI-generated overview

This exceptional 3,360 square foot free-standing commercial/retail building enjoys a prime location on Route 1 (Lafayette Road) in Hampton, NH. The property boasts excellent visibility and signage opportunities, making it ideal for a variety of businesses. The generous lot size offers ample off-street parking. Town water, sewer, and natural gas services are readily available. The building's flexible layout allows for single or multiple occupancy, with the potential for owner-occupied use and rental income. Previous tenants included a doggy daycare, flower shop, and budget rental truck business, demonstrating the versatility of the space. The building features convenient access to both the main floor and a lower level, with multiple entrances including street-side, side doors, and rear access. An interior connection exists between the main floor and lower level. A significant advantage is the existing variance permitting residential owner occupancy in the downstairs apartment while operating a business upstairs. This presents a unique opportunity for an owner-user seeking both business space and residential accommodations. Currently vacant and easily shown. This is an excellent investment opportunity for both owner-users and investors alike.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,680 SF
Lot 0.5 ac (21,780 SF)
Zoning code B
APN HMPT M:56 B:3
UPID US58-0012120

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$713k
Blend (final) Blend
$285k

Owner & transaction history

since 2003
4 recorded transactions
2006
Price N/A
2003
$322,500
2000
$170,000
1969
Price N/A

Zoning & alternative use

B · Hampton, NH
Zoning description

B, I, POR and RA zoning districts lying within the Town Center District and reassigns same to the Town Center-South District (TC-S), Town Center-Historic District (TC-H) and Town Center-North District (TC-N). Town Center…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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