Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Retail Space Available Title is generated by Realmo AI

    23 Elm St, Nashua, NH 03060

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile retail space in an ideal Nashua location.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    67
    Last Refresh:
    Mar 16 at 11:44 am

    Property Features for 23 Elm St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1920

    Spaces For Lease

    at 23 Elm St Contact us

    A & B $12 /Mo

    Size
    4,000 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Joseph Gagnon

    Listing agent Joseph Gagnon License #082231

    Listing office Berkshire Hathaway HomeServices Verani Realty Londonderry

    Listing date Mar 6, 2026

    Source Crexi

    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 Berkshire Hathaway HomeServices Verani Realty Londonderry

    HighLights

    • Prime leasing opportunity in an ideal location.
    • Spacious layout suitable for retail or office concepts.
    • Ample storefront visibility.
    • High foot traffic.
    • Excellent accessibility.
    • Modern amenities.

    Overview

    This property presents a leasing opportunity in a location considered ideal. The space features a spacious layout and storefront visibility, along with modern amenities. The property is suited for retailers seeking a presence in Nashua. The space can be tailored to meet the needs of retail or office concepts. The location benefits from high foot traffic and accessibility, potentially providing exposure for a business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lucky Dog Thrift ... Discount Store C & R Furniture Furniture & Home Goods

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashua
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4662714
    Latitude
    42.7587473

    Nearby Similar for Lease

    • $16 SF/Yr

      Downtown Nashua Office Suites

      Professional office suites in downtown Nashua available for lease.
      1 Elm Street unit: 303, Nashua, NH 03060
      View Details
    • Contact for pricing

      Nashua Commercial Space For Lease

      Office space available in Nashua, NH with flexible zoning.
      113 West Pearl Street, Nashua, NH 03060
      View Details
    • Contact for pricing

      Downtown Nashua Former Restaurant/Bar/Club

      9,000 SF former restaurant/bar/club space in Downtown Nashua, NH.
      53 High Street, Nashua, NH 03060
      View Details
    • Contact for pricing

      Downtown Nashua Professional Office Suites

      Flexible office suites in downtown Nashua, suitable for various businesses.
      1 Elm Street #303, Nashua, NH 03060
      View Details
    • Contact for pricing

      Downtown Nashua Former Restaurant Space

      Versatile 9,000 SF restaurant/bar/club space in Downtown Nashua.
      53 High St 53, Nashua, NH 03060
      View Details
    • $650/Mo

      Flexible Commercial Space Available

      Affordable office suites with included utilities and amenities.
      230 Amherst St 216, Nashua, NH 03063
      View Details
    • Contact for pricing

      Downtown Nashua Office Suites Available

      Professional office suites for lease in downtown Nashua.
      1 Elm Street, Nashua, NH 03060
      View Details
    • Contact for pricing

      Retail/Commercial Space Near Highway

      Retail/commercial space with highway access in Nashua, NH.
      9 Simon Street, Nashua, NH 03060
      View Details
    • $392/Mo

      Nashua Executive Office Suite

      Private office suites with included utilities and amenities.
      15 Tanguay Ave Unit 112, Nashua, NH 03063
      View Details
    • Sponsored
      Contact for pricing

      One Tara Boulevard

      1 Tara Blvd, Unit 200, Nashua, NH 03062
      View Details
    • $595/Mo

      Affordable Nashua Office Space Available

      Flexible commercial space with included utilities and amenities in Nashua.
      230 Amherst St, Nashua, NH
      View Details
    • $13 SF/Yr

      Downtown Nashua Office Sublease Opportunity

      Well-maintained office space available in downtown Nashua.
      211 Main St, Nashua, NH 03060
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile retail space in an ideal Nashua location.
    Where is this retail space located?
    The property is located at 23 Elm St Nashua, NH.
    What are key features of this property?
    This property features: Prime leasing opportunity in an ideal location.; Spacious layout suitable for retail or office concepts.; Ample storefront visibility.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph Gagnon
    Real Estate License ID: 082231
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23 Elm St, Nashua, NH 03060
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!