Leased Auto Shop
For Sale
$1,000,000
4-6 Belknap St, Nashua, NH 03061
Two auto body tenants occupy dedicated bays with office and restroom areas.
Property Size6,000 SF
Price / SF$166.67
Days on Market17
Property Features for 4-6 Belknap St
General Information
Standard status
Active
Size
6,000 SF
Occupancy
100%
Additional Details
Service Bays
2
Amenities
down draft spray booth
Building Details
Buildings
1
Building Size
6,000 SF
Tenancy
Multi
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro
(866) 525-3946
Listed By:
Adam Dow · License #056660
Source:
Megansellsnh
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 26 at 9:08AM
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 KW Coastal and Lakes & Mountains Realty/Wolfeboro
Investment Insights
Based on property information with market context.
This 6,000± sq ft industrial building is configured for automotive service use and is occupied by two long-term auto body shop tenants. Each tenancy includes a dedicated garage bay, office area, and restroom, with 12-foot-height doors serving the bays. The 4 Belknap unit also contains a down-draft spray booth.
The property is fully leased and located at 4-6 Belknap Street in downtown Nashua, New Hampshire. GI zoning supports the industrial character of the building, while the separate tenant areas provide a defined layout for ongoing auto body operations.
The property is fully leased and located at 4-6 Belknap Street in downtown Nashua, New Hampshire. GI zoning supports the industrial character of the building, while the separate tenant areas provide a defined layout for ongoing auto body operations.
Key Highlights
- 6,000± sq ft industrial building
- Fully leased to two long‑term auto body shop tenants
- Separate garage bay, office, and restroom for each tenant
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
$83,916
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
8.39%
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%
$1,678,320
$1.7M
Cap Rate 7%
$1,198,800
$1.2M
Cap Rate 9%
$932,400
$932.4K
Market Conditions
NOI Build-Up for 6,000 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
$129.6K $21.60/SF
− Vacancy
−$9.7K −$1.62/SF
EGI
$119.9K $19.98/SF
− OpEx
−$36.0K −$5.99/SF
NOI
$83.9K $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%
$1,678,320
Cap Rate 7%
$1,198,800
Cap Rate 9%
$932,400
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,916 @ 7.0% cap · market cap 8.39%
Second Best
Warehouse
$928.7K
$812.6K – $1.08M
NOI $65,007 @ 7.0% cap · market cap 6.50%
Theoretical Best
Specialty Retail
$10.99M
$9.62M – $12.83M
NOI $769,500 @ 7.0% cap · market cap 76.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
- Goodyear Auto Service — 293 Main St, Nashua, NH 03060
- BROADSIDE COLLISION CENTERS — 7 E Otterson St, Nashua, NH 03060
- Kingsley Automotive Machine — 22 Pond St # B, Nashua, NH 03060
- State Auto Repair — 51 Harbor Ave, Nashua, NH 03060
- Otterson Street Auto — 41 E Otterson St, Nashua, NH 03060
Frequently Asked Questions
What type of property is this?
Auto shop - Two auto body tenants occupy dedicated bays with office and restroom areas.
Where is this auto shop located?
The property is located at 4-6 Belknap St Nashua, 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: 6,000± sq ft industrial building; Fully leased to two long‑term auto body shop tenants; Separate garage bay, office, and restroom for each tenant
