Commercial Land with Industrial
For Sale
$2,100,000
1822 Hooksett Rd, Hooksett, NH 03106
Cleared commercial acreage includes an industrial building, residence, dual-road access, and municipal water and sewer lines along the street.
Property Size17,919 SF
Price / SF$117.19
Days on Market48
Property Features for 1822 Hooksett Rd
General Information
Standard status
Active
Size
17,919 SF
Building Details
Year Built
1962
Listing Agency:
Colliers International
Listed By:
Cassie C Farley
Source:
Fhghomesnh
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 25 at 4:32AM
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 Colliers International
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.
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 = 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
$160,733
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
7.65%
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%
$3,214,660
$3.2M
Cap Rate 7%
$2,296,186
$2.3M
Cap Rate 9%
$1,785,922
$1.8M
Market Conditions
NOI Build-Up for 17,919 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
$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 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%
$3,214,660
Cap Rate 7%
$2,296,186
Cap Rate 9%
$1,785,922
Alternative Uses
Best Use
Mixed Use
$2.30M
$2.01M – $2.68M
NOI $160,733 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$1.94M
$1.70M – $2.27M
NOI $135,930 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$4.67M
$4.08M – $5.44M
NOI $326,602 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
