Building Details

Year Built 1962

Listing Agency: Colliers International

Listed By: Cassie C Farley Show Phone

Source: Fhghomesnh

Added: Jul 14 Changed: Sep 5 Last Checked: Oct 7 at 3:01PM

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Investment Insights

Based on property information with market context.

This 10.49-acre commercial land offering comprises four parcels with approximately 17,919 square feet of existing improvements. The property includes a 14,300-square-foot industrial building and a 3,619-square-foot, four-bedroom, two-bath residence. The mostly cleared site may support commercial, industrial, or mixed-use redevelopment subject to buyer plans and municipal approvals.

Frontage extends approximately 717.36 feet along Route 3 / Hooksett Road and approximately 644 feet along Pleasant Street. Municipal water and sewer lines run along the street. The two-road configuration, existing structures, and substantial land area provide a range of potential layouts, including subdivision or expansion concepts subject to applicable approvals.

Key Highlights

• 10.49± cleared acres across four parcels
• 14,300± SF industrial building included
• 3,619± SF residence with four bedrooms and two baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$160,733

Cap Rate

7.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,214,660 $3.2M

Cap Rate 7%

$2,296,186 $2.3M

Cap Rate 9%

$1,785,922 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,919 SF

Gross rent

$279.5K $15.60/SF

− Vacancy

−$22.4K −$1.25/SF

EGI

$257.2K $14.35/SF

− OpEx

−$96.4K −$5.38/SF

NOI

$160.7K $8.97/SF

Area

Merrimack County, NH

Vacancy

8.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,214,660

Cap Rate 7%

$2,296,186

Cap Rate 9%

$1,785,922

Alternative Uses

Best Use

Mixed Use

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $160,733 @ 7.0% cap · market cap 7.65%

Second Best

Industrial

$1.94M

$1.70M – $2.27M (±1% cap)

NOI $135,930 @ 7.0% cap · market cap 6.47%

Theoretical Best

Office A

$4.67M

$4.08M – $5.44M (±1% cap)

NOI $326,602 @ 7.0% cap · market cap 15.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Building Supply Auto Repair Shop Law Firm Big Box & Wholesale Store Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 03106, NH

14,799

Population

5,679

Households

2.6

Avg Household Size

42

Median Age

39%

College-Educated

94%

High-School Grad

36.0 sq mi

ZIP Area

411

Density / Sq Mi

$107,137

Median Household Income

$49,950

Median Earnings

$1,638

Median Rent

$371,600

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Cleared commercial acreage includes an industrial building, residence, dual-road access, and municipal water and sewer lines along the street.

Where is this commercial land located?

The property is located at 1822 Hooksett Rd Hooksett, NH.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 10.49± cleared acres across four parcels; 14,300± SF industrial building included; 3,619± SF residence with four bedrooms and two baths