Three-Story Mixed-Use
For Sale
Contact for pricing
1 Elm Street, Nashua, NH 03060
Downtown building with restaurant, professional office suites, elevator access, and individually metered utilities by floor.
Property Size9,570 SF
Price / SF$141.07
Days on Market12
Property Features for 1 Elm Street
General Information
Standard status
Active
Size
9,570 SF
Elevators
Yes
Property subtype
OFFICE
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Office Units
4
Amenities
elevator access
updated offices
common areas
restrooms
fire safety systems
HVAC systems
individually metered utilities
Building Details
Year Renovated
1983
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(603) 821-1144
Listed By:
Brian Garvey · License #070069
(603) 566-8708
Source:
Moodyscre
Added: Aug 27
Changed: Sep 6
Last Checked: Sep 6 at 2:46PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 9,570-square-foot mixed-use building contains a street-level restaurant, a full-floor professional office suite on the second level, and three individual office suites on the third floor. The upper floors offer flexible layouts for professional users, while the property includes a key-fob-controlled elevator, updated offices and common areas, restrooms, and upgraded fire safety and HVAC systems. Natural gas and electric utilities are separately metered for each floor.
Located at the corner of Elm Street and West Pearl Street in downtown Nashua, the property is near Main Street, City Hall, Elm Street Parking Garage, and the Nashua Transit Center. Shops, restaurants, performing arts venues, and public services are accessible on foot. Recent fire and life-safety improvements support the building’s existing commercial configuration and provide a basis for evaluating future residential conversion.
Located at the corner of Elm Street and West Pearl Street in downtown Nashua, the property is near Main Street, City Hall, Elm Street Parking Garage, and the Nashua Transit Center. Shops, restaurants, performing arts venues, and public services are accessible on foot. Recent fire and life-safety improvements support the building’s existing commercial configuration and provide a basis for evaluating future residential conversion.
Key Highlights
- 9,570‑square‑foot mixed‑use building in downtown Nashua
- Three‑story layout with restaurant and professional office space
- Second floor configured as a full‑floor professional suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,567
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,351,340
$2.4M
Cap Rate 7%
$1,679,529
$1.7M
Cap Rate 9%
$1,306,300
$1.3M
Market Conditions
NOI Build-Up for 9,570 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$206.7K $21.60/SF
− Vacancy
−$18.6K −$1.94/SF
EGI
$188.1K $19.66/SF
− OpEx
−$70.5K −$7.37/SF
NOI
$117.6K $12.29/SF
Area
Hillsborough County, NH
Vacancy
9.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,351,340
Cap Rate 7%
$1,679,529
Cap Rate 9%
$1,306,300
Alternative Uses
Best Use
Specialty Retail
$17.53M
$15.34M – $20.46M
NOI $1,227,353 @ 7.0% cap · market cap 90.92%
Second Best
Office B
$2.40M
$2.10M – $2.80M
NOI $168,018 @ 7.0% cap · market cap 12.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 03060, NH
31,251
Population
13,003
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
6.6 sq mi
ZIP Area
4,735
Density / Sq Mi
$78,068
Median Household Income
$44,628
Median Earnings
$1,539
Median Rent
$338,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown building with restaurant, professional office suites, elevator access, and individually metered utilities by floor.
Where is this mixed-use property located?
The property is located at 1 Elm Street Nashua, NH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 9,570‑square‑foot mixed‑use building in downtown Nashua; Three‑story layout with restaurant and professional office space; Second floor configured as a full‑floor professional suite
