The Landing at One Chestnut, located at 1 Chestnut St, Nashua, NH 03060, offers 34,493 square feet of flexible commercial space ideal for a variety of uses. This multi-use building, totaling 432,000 square feet, caters to businesses ranging from small offices to large warehouse operations, with units accommodating up to 45,000 square feet. The property boasts 15 exterior dock doors, 4 drive-in bays, 15 levelers, and 250 standard parking spaces, making it suitable for research and development, light manufacturing, distribution, and warehousing. Tenants benefit from on-site management and maintenance, 24-hour key card access, freight and passenger elevators, and easy highway access via Route 3. The building is situated near major thoroughfares, including Broad Street Parkway and Main Street, and is surrounded by numerous walkable amenities, public bus lines, and national retailers such as Ace Hardware, Dollar General, and Extra Space Storage. Significant recent capital improvements include exterior repainting and sealing, bathroom renovations, new office floors, lobby and elevator upgrades, parking lot reconfiguration, and new exterior signage. The City of Nashua is also investing in infrastructure improvements in the surrounding area, enhancing the property's appeal. This prime location offers easy access to a workforce of over 37,800 people within a 2-mile radius, and the advantages of registering a business in New Hampshire, near Boston. Flexible lease terms allow businesses to expand as needed, minimizing overhead costs.
Property Features for 1 Chestnut St, Nashua, NH 03060
General Information
Property type
Other mixed-use properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
34,493 SF
Total Parking Spaces
250
Elevators
Yes
Building Details
Year Built
1915
HighLights
Prime Nashua, NH location near major thoroughfares and abundant amenities.
Versatile floor plans accommodate diverse business needs, from small offices to 45,000 sq ft warehouses.
Extensive on‑site amenities include ample parking, loading docks, and 24/7 security.
Mixed-use property - Versatile Nashua, NH commercial space available.
Where is this mixed-use property located?
The property is located at 1 Chestnut St, Nashua, NH 03060 Nashua, NH.
What are key features of this property?
This property features: Prime Nashua, NH location near major thoroughfares and abundant amenities.; Versatile floor plans accommodate diverse business needs, from small offices to 45,000 sq ft warehouses.; Extensive on-site amenities include ample parking, loading docks, and 24/7 security.
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1 Chestnut St, Nashua, NH 03060 Nashua, NH 03060
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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
1 Chestnut St, Nashua, NH 03060 Nashua, NH 03060
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1 Chestnut St, Nashua, NH 03060, Nashua, NH
Alexandra Freeman Leydon
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1 Chestnut St, Nashua, NH 03060, Nashua, NH
Alexandra Freeman Leydon
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Property Records & Analytics
1 Chestnut St, Nashua, NH 03060, Nashua, NH
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1 Chestnut St, Nashua, NH 03060, Nashua, NH
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Current Estimation by Request
1 Chestnut St, Nashua, NH 03060, Nashua, NH
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