Industrial Warehouse with
For Sale
$3,825,000
12 Continental Blvd, Merrimack, NH 03054
Industrial warehouse for sale with dock-height and drive-in loading plus an expansive paved yard.
Property Size25,400 SF
Lot Size3.14 Acres
Price / SF$150.59
Days on Market22
Property Features for 12 Continental Blvd
General Information
Standard status
Active
Size
25,400 SF
Lot size
3.14 Acres
Property subtype
Industrial
Zoning
COM/IND
Warehouse & Industrial
Dock-High Doors
4
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Building Size
25,400 SF
Year Built
1984
Listing Agency:
Sperry - Commercial Realty Associates
(603) 674-1617
Listed By:
Dave Tanguay · License #NH #077077
(603) 674-1617
Source:
Sperrycga
Added: Jul 22
Changed: Aug 10
Last Checked: Aug 11 at 5:52AM
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 Sperry - Commercial Realty Associates
Investment Insights
Based on property information with market context.
This industrial warehouse offers 25,400 square feet on 3.14 acres, designed for practical day-to-day logistics. Loading includes four dock-height doors and two drive-in doors sized 12' by 14'. The property also features an expansive paved yard built to support truck movement and circulation.
Located at 12 Continental Blvd in Merrimack, NH, the facility is minutes to the Everett Turnpike and provides access to the Manchester–Nashua economic corridor. The surrounding area is characterized by established industrial users.
Overall, the site combines warehouse space, multiple loading points, and a paved yard layout intended to accommodate efficient inbound and outbound operations.
Located at 12 Continental Blvd in Merrimack, NH, the facility is minutes to the Everett Turnpike and provides access to the Manchester–Nashua economic corridor. The surrounding area is characterized by established industrial users.
Overall, the site combines warehouse space, multiple loading points, and a paved yard layout intended to accommodate efficient inbound and outbound operations.
Key Highlights
- 25,400 SF industrial warehouse built in 1984 on 3.14 acres
- COM/IND zoning
- Loading includes four dock‑height loading doors plus two drive‑in doors (12' × 14')
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
$275,195
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
7.19%
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%
$5,503,900
$5.5M
Cap Rate 7%
$3,931,357
$3.9M
Cap Rate 9%
$3,057,722
$3.1M
Market Conditions
NOI Build-Up for 25,400 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
$344.4K $13.56/SF
− Vacancy
−$20.7K −$0.81/SF
EGI
$323.8K $12.75/SF
− OpEx
−$48.6K −$1.91/SF
NOI
$275.2K $10.83/SF
Area
Hillsborough County, NH
Vacancy
6.00%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
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%
$5,503,900
Cap Rate 7%
$3,931,357
Cap Rate 9%
$3,057,722
Alternative Uses
Best Use
Warehouse
$3.93M
$3.44M – $4.59M
NOI $275,195 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$46.54M
$40.72M – $54.29M
NOI $3,257,550 @ 7.0% cap · market cap 85.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03054, NH
26,622
Population
10,581
Households
2.5
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
32.6 sq mi
ZIP Area
817
Density / Sq Mi
$128,897
Median Household Income
$65,604
Median Earnings
$1,819
Median Rent
$406,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Trophy Storage — 14 Continental Blvd, Merrimack, NH 03054
- Self Storage Facility — 6 Dobson Way, Merrimack, NH 03054
- Stairhopper Movers - Merrimack — 256 Daniel Webster Hwy, Merrimack, NH 03054
- MI-BOX Southern NH & Northeast MA — 14 Continental Blvd, Merrimack, NH 03054
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse for sale with dock-height and drive-in loading plus an expansive paved yard.
Where is this warehouse located?
The property is located at 12 Continental Blvd Merrimack, NH.
What is the asking price?
The asking price for this property is $3,825,000.
What are key features of this property?
This property features: 25,400 SF industrial warehouse built in 1984 on 3.14 acres; COM/IND zoning; Loading includes four dock‑height loading doors plus two drive‑in doors (12' × 14')
