Mixed-Use Property with
For Sale
$1,850,000
1 Main St, Nashua, NH 03064
Flexible zoning accommodates office, medical, residential, and retail banking uses in downtown Nashua.
Property Size9,581 SF
Price / SF$193.09
Days on Market15
Property Features for 1 Main St
General Information
Standard status
Active
Size
9,581 SF
Total Parking Spaces
24
Building Details
Year Built
1900
Listing Agency:
Central Realty
(603) 204-8630
Listed By:
Tom Bester
Source:
Samboghigianrealty
Added: Aug 15
Changed: Aug 28
Last Checked: Aug 26 at 8:41AM
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 Central Realty
Investment Insights
Based on property information with market context.
Located at 1 Main St in downtown Nashua, this mixed-use property contains 9,581 square feet and dates to 1900. Its flexible zoning profile accommodates office, medical or clinical, residential, and retail banking uses, providing a range of possible commercial and mixed-use configurations.
The property includes 24 dedicated off-street parking spaces, a notable on-site feature for a downtown location. The combination of adaptable zoning, established construction, and dedicated parking supports evaluation for office, medical, residential, retail banking, or other permitted mixed-use applications.
The property includes 24 dedicated off-street parking spaces, a notable on-site feature for a downtown location. The combination of adaptable zoning, established construction, and dedicated parking supports evaluation for office, medical, residential, retail banking, or other permitted mixed-use applications.
Key Highlights
- 9,581‑square‑foot mixed‑use property at 1 Main St in downtown Nashua
- Flexible zoning profile accommodates office, medical or clinical, residential, and retail banking uses
- 24 dedicated off‑street parking spaces
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
$168,211
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
9.09%
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%
$3,364,220
$3.4M
Cap Rate 7%
$2,403,014
$2.4M
Cap Rate 9%
$1,869,011
$1.9M
Market Conditions
NOI Build-Up for 9,581 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
$258.7K $27.00/SF
− Vacancy
−$34.4K −$3.59/SF
EGI
$224.3K $23.41/SF
− OpEx
−$56.1K −$5.85/SF
NOI
$168.2K $17.56/SF
Area
Hillsborough County, NH
Vacancy
13.30%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,364,220
Cap Rate 7%
$2,403,014
Cap Rate 9%
$1,869,011
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $168,211 @ 7.0% cap · market cap 9.09%
Second Best
Mixed Use
$1.68M
$1.47M – $1.96M
NOI $117,703 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$17.55M
$15.36M – $20.48M
NOI $1,228,763 @ 7.0% cap · market cap 66.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 03064, NH
15,069
Population
6,671
Households
2.3
Avg Household Size
41
Median Age
40%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
3,675
Density / Sq Mi
$91,528
Median Household Income
$48,412
Median Earnings
$1,439
Median Rent
$382,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible zoning accommodates office, medical, residential, and retail banking uses in downtown Nashua.
Where is this mixed-use property located?
The property is located at 1 Main St Nashua, NH.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 9,581‑square‑foot mixed‑use property at 1 Main St in downtown Nashua; Flexible zoning profile accommodates office, medical or clinical, residential, and retail banking uses; 24 dedicated off‑street parking spaces
