Historic Amherst Village Auto
For Sale
$1,000,000
107 Boston Post Rd, Amherst, NH 03031
Iconic property in Amherst's Historic District with untapped potential.
Property Size2,950 SF
Lot Size0.34 Acres
Days on Market164
Property Features for 107 Boston Post Rd
General Information
Standard status
Active
Size
2,950 SF
Lot size
0.34 Acres
Property subtype
Commercial
Building Details
Building Size
2,950 SF
Year Built
1938
Units
1
Listing Agency:
Coldwell Banker Realty
(603) 673-4000
Listed By:
Kathleen DeMello · License #062833
(603) 673-4000
Source:
Elliman
Added: Mar 11
Changed: Aug 9
Last Checked: Aug 20 at 7:39AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located in the heart of Amherst Village’s Historic District, this property has been impeccably maintained. Most recently home to Mike’s Auto Service, the building exudes charm and untapped potential. It has served as a backdrop for film productions, professional photo shoots, and business branding sessions. The property offers the opportunity to continue its legacy as an auto repair shop, complete with existing lifts, or collaborate with the Town to reimagine its use. Owner financing is available.
Key Highlights
- Prime location in Amherst Village's Historic District.
- Untapped potential for reimagining the property's use.
- Owner financing available.
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
$41,259
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
4.13%
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%
$825,180
$825.2K
Cap Rate 7%
$589,414
$589.4K
Cap Rate 9%
$458,433
$458.4K
Market Conditions
NOI Build-Up for 2,950 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
$63.7K $21.60/SF
− Vacancy
−$4.8K −$1.62/SF
EGI
$58.9K $19.98/SF
− OpEx
−$17.7K −$5.99/SF
NOI
$41.3K $13.99/SF
Area
Hillsborough County, NH
Vacancy
7.50%
Lease Rate
$21.60 /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%
$825,180
Cap Rate 7%
$589,414
Cap Rate 9%
$458,433
Alternative Uses
Best Use
Retail
$589.4K
$515.7K – $687.7K
NOI $41,259 @ 7.0% cap · market cap 4.13%
Second Best
Industrial
$361.3K
$316.1K – $421.5K
NOI $25,290 @ 7.0% cap · market cap 2.53%
Theoretical Best
Specialty Retail
$5.40M
$4.73M – $6.31M
NOI $378,338 @ 7.0% cap · market cap 37.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03031, NH
11,763
Population
4,558
Households
2.6
Avg Household Size
45
Median Age
64%
College-Educated
99%
High-School Grad
33.9 sq mi
ZIP Area
347
Density / Sq Mi
$155,125
Median Household Income
$68,313
Median Earnings
$1,447
Median Rent
$491,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Mike's Auto Service — 107 Boston Post Rd, Amherst, NH 03031
Frequently Asked Questions
What type of property is this?
Auto shop - Iconic property in Amherst's Historic District with untapped potential.
Where is this auto shop located?
The property is located at 107 Boston Post Rd Amherst, NH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime location in Amherst Village's Historic District.; Untapped potential for reimagining the property's use.; Owner financing available.
