Industrial Flex Development
For Sale
$2,100,000
3 Akira Way, Londonderry, NH 03053
Vacant industrial parcel with approvals and engineering for a planned 9,600+ SF flex building with eight units.
Property Size7,500 SF
Lot Size1.29 Acres
Days on Market148
Property Features for 3 Akira Way
General Information
Standard status
Active
Size
7,500 SF
Lot size
1.29 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
7,500 SF
Year Built
2026
Listed By:
Dave Tanguay · License #NH #077077
(603) 674-1617
Source:
Sperrycga
Added: Apr 11
Changed: Aug 26
Last Checked: Sep 4 at 4:36AM
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 Dave Tanguay
Investment Insights
Based on property information with market context.
The property is a vacant industrial land parcel offering approvals and engineering in place for a planned 9,600+/- SF flex building consisting of eight 1,200 SF units. Utilities are listed as available, including public water, sewer, electric, and natural gas. The parcel is described as lightly wooded and slopes gradually from west to east.
The site is located within an industrial park at the corner of Akira Way and Technology Drive. The property is also described as being close to major highways and Manchester-Boston Regional Airport.
The site is located within an industrial park at the corner of Akira Way and Technology Drive. The property is also described as being close to major highways and Manchester-Boston Regional Airport.
Key Highlights
- 1.29+/- acre vacant industrial parcel in an industrial park along Akira Way at the Technology Drive corner
- Approvals and engineering in place for a planned 9,600+/- SF flex building
- Planned building layout includes eight 1,200 SF units
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
$85,960
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
4.09%
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%
$1,719,200
$1.7M
Cap Rate 7%
$1,228,000
$1.2M
Cap Rate 9%
$955,111
$955.1K
Market Conditions
NOI Build-Up for 7,500 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
$142.2K $18.96/SF
− Vacancy
−$10.0K −$1.33/SF
EGI
$132.2K $17.63/SF
− OpEx
−$46.3K −$6.17/SF
NOI
$86.0K $11.46/SF
Area
Rockingham County, NH
Vacancy
7.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,719,200
Cap Rate 7%
$1,228,000
Cap Rate 9%
$955,111
Alternative Uses
Best Use
Flex RnD
$1.23M
$1.07M – $1.43M
NOI $85,960 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$662.7K
$579.8K – $773.1K
NOI $46,386 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,787 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 03053, NH
25,646
Population
9,751
Households
2.6
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
41.7 sq mi
ZIP Area
615
Density / Sq Mi
$132,241
Median Household Income
$60,812
Median Earnings
$1,837
Median Rent
$464,100
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?
Industrial land - Vacant industrial parcel with approvals and engineering for a planned 9,600+ SF flex building with eight units.
Where is this industrial land located?
The property is located at 3 Akira Way Londonderry, 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: 1.29+/- acre vacant industrial parcel in an industrial park along Akira Way at the Technology Drive corner; Approvals and engineering in place for a planned 9,600+/- SF flex building; Planned building layout includes eight 1,200 SF units
