Expanded Self-Storage Facility For
For Sale
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1060 1st NH Tpke, Northwood, NH
Recently expanded self-storage facility with commercial spaces and growth potential.
Property Size33,300 SF
Lot Size31.00 Acres
Price / SF$105.11
Days on Market436
Property Features for 1060 1st NH Tpke
General Information
Standard status
Active
Size
33,300 SF
Lot size
31.00 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Franklin Street | Charlotte
(704) 251-2634
Listed By:
Frank DeSalvo
Source:
Moodyscre
Added: Jun 11, 2025
Changed: Aug 15
Last Checked: Aug 20 at 12:37PM
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 Franklin Street | Charlotte
Investment Insights
Based on property information with market context.
This property features a self-storage facility that was recently expanded in September 2024. It includes 27,100 square feet of non-climate, drive-up storage space, along with 10 portable units totaling 1,000 square feet. Additionally, the property offers two commercial spaces totaling 5,200 square feet. The location presents an opportunity to increase revenue through lease-up, stabilization, and the implementation of existing customer rent increases. The area has a low self-storage saturation rate of 5.22 square feet per capita within a five-mile radius. Further revenue growth is possible by maximizing fee income and tenant insurance sales. The average household income within three miles of the site is $124,295. The property is located in Northwood, Rockingham County, New Hampshire, approximately 20 miles east of Concord. Rockingham County is the second largest in New Hampshire and has a growing population of 320,689 residents. The total property size is 33,300 square feet.
Key Highlights
- Recently expanded (September 2024) self‑storage facility with 27,100 NRSF of drive‑up, non‑climate storage and 5,200 NRSF of commercial space.
- Opportunity to increase revenue through lease‑up, stabilization, and rent increases.
- Low self‑storage saturation rate of 5.22 SF/Capita within five miles.
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
$290,769
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
8.31%
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%
$5,815,380
$5.8M
Cap Rate 7%
$4,153,843
$4.2M
Cap Rate 9%
$3,230,767
$3.2M
Market Conditions
NOI Build-Up for 33,300 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
$439.6K $13.20/SF
− Vacancy
−$24.2K −$0.73/SF
EGI
$415.4K $12.47/SF
− OpEx
−$124.6K −$3.74/SF
NOI
$290.8K $8.73/SF
Area
Rockingham County, NH
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$5,815,380
Cap Rate 7%
$4,153,843
Cap Rate 9%
$3,230,767
Alternative Uses
Best Use
Self Storage
$4.15M
$3.63M – $4.85M
NOI $290,769 @ 7.0% cap · market cap 8.31%
Second Best
Industrial
$2.94M
$2.57M – $3.43M
NOI $205,952 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$11.09M
$9.70M – $12.93M
NOI $776,055 @ 7.0% cap · market cap 22.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Recently expanded self-storage facility with commercial spaces and growth potential.
Where is this self storage facility located?
The property is located at 1060 1st NH Tpke Northwood, NH.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Recently expanded (September 2024) self‑storage facility with **27,100 NRSF of drive‑up, non‑climate storage and 5,200 NRSF of commercial space.**; Opportunity to increase revenue through lease‑up, stabilization, and rent increases.; Low self‑storage saturation rate of 5.22 SF/Capita within five miles.
