Flex Space with Drive-In
For Sale
Contact for pricing
159 Temple Street, Nashua, NH 03060
GI-zoned building combines warehouse functionality with upgraded offices, a kitchen, mezzanine, and prominent lighted signage.
Property Size14,500 SF
Price / SF$151.72
Days on Market27
Property Features for 159 Temple Street
General Information
Standard status
Active
Size
14,500 SF
Total Parking Spaces
25
Property subtype
Industrial
Zoning
GI
Lease Type
NNN
Warehouse & Industrial
Clear Height
18 ft
Office Build-Out
2,300 SF
Drive-In Doors
2
Building Details
Year Built
1960
Year Renovated
2024
Buildings
1
Tenancy
Single
Listing Agency:
Prolman Realty
(603) 270-0644
Listed By:
Lisa Ferrari · License #069094
Source:
Crexi
Added: Aug 6
Changed: Aug 30
Last Checked: Aug 31 at 10:37AM
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 Prolman Realty
Investment Insights
Based on property information with market context.
This 14,500 SF flex property, built in 1960, offers an industrial-oriented layout with 18' clear height and two drive-in doors measuring 12'W x 14'H. The 2,300 SF office area has been recently upgraded and is complemented by a kitchen and mezzanine, providing useful support space within the building.
Positioned at 159 Temple Street in Nashua, the property includes prominent exterior identification features, highlighted by a large lighted sign at the corner. GI zoning supports the property’s industrial classification. The combination of warehouse volume, drive-in access, dedicated office improvements, and on-site signage creates a functional setting for a range of flex-oriented commercial operations.
Positioned at 159 Temple Street in Nashua, the property includes prominent exterior identification features, highlighted by a large lighted sign at the corner. GI zoning supports the property’s industrial classification. The combination of warehouse volume, drive-in access, dedicated office improvements, and on-site signage creates a functional setting for a range of flex-oriented commercial operations.
Key Highlights
- 14,500 SF flex property on 159 Temple Street in Nashua, NH
- 18' clear height supports substantial interior volume
- 2 drive‑in doors at 12'W x 14'H
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
$157,099
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
7.14%
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%
$3,141,980
$3.1M
Cap Rate 7%
$2,244,271
$2.2M
Cap Rate 9%
$1,745,544
$1.7M
Market Conditions
NOI Build-Up for 14,500 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
$196.6K $13.56/SF
− Vacancy
−$11.8K −$0.81/SF
EGI
$184.8K $12.75/SF
− OpEx
−$27.7K −$1.91/SF
NOI
$157.1K $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%
$3,141,980
Cap Rate 7%
$2,244,271
Cap Rate 9%
$1,745,544
Alternative Uses
Best Use
Warehouse
$2.24M
$1.96M – $2.62M
NOI $157,099 @ 7.0% cap · market cap 7.14%
Second Best
Industrial
$1.78M
$1.55M – $2.07M
NOI $124,309 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$26.57M
$23.25M – $30.99M
NOI $1,859,625 @ 7.0% cap · market cap 84.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03060, NH
31,251
Population
13,003
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
6.6 sq mi
ZIP Area
4,735
Density / Sq Mi
$78,068
Median Household Income
$44,628
Median Earnings
$1,539
Median Rent
$338,700
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
- Soel Sistas LLC: Catering, food truck, soul food, meal prep delivery — 30 Temple St STE 202, Nashua, NH 03060
Frequently Asked Questions
What type of property is this?
Flex space - GI-zoned building combines warehouse functionality with upgraded offices, a kitchen, mezzanine, and prominent lighted signage.
Where is this flex space located?
The property is located at 159 Temple Street Nashua, NH.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 14,500 SF flex property on 159 Temple Street in Nashua, NH; 18' clear height supports substantial interior volume; 2 drive‑in doors at 12'W x 14'H
