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    Basement Warehouse with Freight Elevator Title is generated by Realmo AI

    175 Amherst Street, Nashua, NH 03060

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    For Lease
    $2,500/Mo $6 SF/Yr (calc)

    Lease 5,000 SF basement space with shared dock and freight elevator, with utilities included on a busy corridor.

    Property size:
    5,000 SF
    Added:
    Nov 21, 2024
    Days on Market:
    561
    Last Refresh:
    Jun 5 at 2:23 am

    Property Features for 175 Amherst Street

    General Information

    Standard status
    Active
    Size
    5,000 SF

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Matthew Lefebvre

    Listing office Downtown Realty

    Listing date Nov 21, 2024

    Source Williamson-group

    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 Downtown Realty

    HighLights

    • Lease 5,000 SF of basement warehouse/distribution space in a 1977‑built building
    • Shared loading dock access plus drive‑in door and freight elevator for moving materials in and out
    • Industrial electrical capacity and tall ceilings
    • All utilities included in the rent
    • Located in a mixed‑use plaza on Amherst Street, Nashua’s busiest commercial corridor, less than 0.5 mile from the F.E. Everett Turnpike
    • Excellent pylon signage on Amherst Street; will not subdivide

    Overview

    This offering provides 5,000 SF of basement space configured for warehousing or distribution use. The space is described as well-built with tall ceilings and industrial electrical capacity, supported by practical material-movement options that include shared access to a loading dock, a drive-in door, and a freight elevator for moving products and materials in and out of the unit.

    Located in a mixed-use plaza on Amherst Street in Nashua, the property benefits from a highly accessible setting on one of the area’s busiest commercial corridors. The building is less than half a mile off the F.E. Everett Turnpike and features excellent pylon signage directly on Amherst Street to help maximize visibility. The plaza setting includes plenty of parking and is maintained in a well-manicured environment.

    The unit is suited for smaller businesses that need additional storage or distribution capacity with straightforward loading and internal handling. All utilities are included in the rent, and the space will not be subdivided, supporting a streamlined, single-tenant operating plan.
    Location Intelligence

    Current Use by Public Records

    Social Security Administration Social Security Office Verani School of Real ... Vocational School Imtek Printing Equipment Supplier Mari Keegan & Company ... Real Estate Agency Betsy Levesque, NH ... Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashua
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4885562
    Latitude
    42.7751248

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    FAQs

    What type of property is this?
    Warehouse - Lease 5,000 SF basement space with shared dock and freight elevator, with utilities included on a busy corridor.
    Where is this warehouse located?
    The property is located at 175 Amherst Street Nashua, NH.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Lease 5,000 SF of basement warehouse/distribution space in a 1977‑built building; Shared loading dock access plus drive‑in door and freight elevator for moving materials in and out; Industrial electrical capacity and tall ceilings
    We can help!
    Listing Contact
    Matthew Lefebvre
    Learn More
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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.

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