High-Tech R&D/Flex/Office
For Sale
Contact for pricing
316 Daniel Webster Hwy, Merrimack, NH 03054
57,180± SF R&D/flex/office building for sale on 3.86± acres.
Property Size57,180 SF
Lot Size3.86 Acres
Price / SF$104.06
Days on Market775
Property Features for 316 Daniel Webster Hwy
General Information
Standard status
Active
Size
57,180 SF
Lot size
3.86 Acres
Property subtype
Office
Zoning
C-2
Building Details
Year Built
1984
Listing Agency:
Colliers - Manchester, New Hampshire
(603) 232-8282
Listed By:
Doug Martin · License #NH 065638
Source:
Crexi
Added: Jun 26, 2024
Changed: Aug 8
Last Checked: May 12 at 9:06PM
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 - Manchester, New Hampshire
Investment Insights
Based on property information with market context.
This high-tech building, offering 57,180± SF of R&D, flex, and office space, is available for purchase on 3.86± acres. The property is suitable for both owner-occupiers and investors, with two existing tenants. Zoned General Commercial, the site allows for diverse uses and future development possibilities. The building features ample parking, two drive-in doors, and both freight and passenger elevators. It provides an excellent signage opportunity with a traffic count of 14,597 AADT (2023) on Daniel Webster Highway. The location is less than half a mile from Exit 11 on Route 3/Everett Turnpike, 10 minutes from MHT airport, 12 minutes from the Massachusetts border, and less than an hour from Boston. The property is conveniently located near restaurants, banks, medical facilities, childcare services, and other amenities.
Key Highlights
- High‑tech 57,180± SF R&D/flex/office building ideal for owner‑occupiers or investors.
- Excellent location: less than a half mile from Exit 11, Route 3/Everett Turnpike, near the MHT airport, Massachusetts border, and Boston.
- Zoned General Commercial, allowing for a variety of uses and potential future development.
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
$490,206
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
8.24%
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%
$9,804,120
$9.8M
Cap Rate 7%
$7,002,943
$7.0M
Cap Rate 9%
$5,446,733
$5.4M
Market Conditions
NOI Build-Up for 57,180 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
$741.1K $12.96/SF
− Vacancy
−$40.8K −$0.71/SF
EGI
$700.3K $12.25/SF
− OpEx
−$210.1K −$3.67/SF
NOI
$490.2K $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 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%
$9,804,120
Cap Rate 7%
$7,002,943
Cap Rate 9%
$5,446,733
Alternative Uses
Best Use
Office B
$14.34M
$12.55M – $16.73M
NOI $1,003,895 @ 7.0% cap · market cap 16.87%
Second Best
Industrial
$7.00M
$6.13M – $8.17M
NOI $490,206 @ 7.0% cap · market cap 8.24%
Theoretical Best
Specialty Retail
$104.76M
$91.67M – $122.22M
NOI $7,333,335 @ 7.0% cap · market cap 123.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 57,180± SF R&D/flex/office building for sale on 3.86± acres.
Where is this office building located?
The property is located at 316 Daniel Webster Hwy Merrimack, NH.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: High‑tech 57,180± SF R&D/flex/office building ideal for owner‑occupiers or investors.; Excellent location: less than a half mile from Exit 11, Route 3/Everett Turnpike, near the MHT airport, Massachusetts border, and Boston.; Zoned General Commercial, allowing for a variety of uses and potential future development.
