309 Daniel Webster Hwy, Merrimack, NH 03054

Building Details

Year Built 1974 More

Tenancy Single More

Listing Agency: KW Commerical North Central

Listed By: Duncan Chapman · License #RI REB 16356 Show Phone

Source: Crexi

Added: Mar 13 Changed: Aug 21 Last Checked: Aug 14 at 7:25AM

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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 KW Commerical North Central

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Investment Insights

Based on property information with market context.

This 7,104 square foot property is suitable for industrial or office use and is currently for sale.

Key Highlights

• Industrial/Office property for sale
• Year Built: 1974

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,903

Cap Rate

4.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,218,060 $1.2M

Cap Rate 7%

$870,043 $870.0K

Cap Rate 9%

$676,700 $676.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,104 SF

Gross rent

$92.1K $12.96/SF

− Vacancy

−$5.1K −$0.71/SF

EGI

$87.0K $12.25/SF

− OpEx

−$26.1K −$3.67/SF

NOI

$60.9K $8.57/SF

Area

Hillsborough County, NH

Vacancy

5.50%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,218,060

Cap Rate 7%

$870,043

Cap Rate 9%

$676,700

Alternative Uses

Best Use

Industrial

$870.0K

$761.3K – $1.02M (±1% cap)

NOI $60,903 @ 7.0% cap · market cap 4.72%

Second Best

Flex RnD

$819.3K

$716.9K – $955.9K (±1% cap)

NOI $57,351 @ 7.0% cap · market cap 4.45%

Theoretical Best

Office A

$2.26M

$1.97M – $2.63M (±1% cap)

NOI $157,872 @ 7.0% cap · market cap 12.24%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Brown & Brown of NH ... Insurance Agency Mathew Thorton (1714 ... Tour Operator Homeowners Commercial Real Estate Agency Chocolatorium Shopping Center & Mall

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Big Box & Wholesale Store Grocery & Convenience Store Garden Center

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

390

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 03054, NH

26,622

Population

10,581

Households

2.5

Avg Household Size

43

Median Age

49%

College-Educated

96%

High-School Grad

32.6 sq mi

ZIP Area

817

Density / Sq Mi

$128,897

Median Household Income

$65,604

Median Earnings

$1,819

Median Rent

$406,200

Median Home Value

Market

Average Price Trend$/SF for Flex space in Hillsborough County, NH

$105 Jul

$83.96 Aug

$98 Sep

$92.09 Oct

Properties on Market for Flex space in Hillsborough County

Jul

Aug

Sep

Oct

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?

Flex space - 7,104 SF industrial/office property available for purchase.

Where is this flex space located?

The property is located at 309 Daniel Webster Hwy Merrimack, NH.

What is the asking price?

The asking price for this property is $1,290,000.

What are key features of this property?

This property features: Industrial/Office property for sale; Year Built: 1974