Fully Leased Auto Shop
For Sale
$1,000,000
4-6 Belknap Street, Nashua, NH 03061
Commercial Sale, Nashua, NH
Property Size6,000 SF
Lot Size0.25 Acres
Price / SF$166.67
Days on Market44
Property Features for 4-6 Belknap Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GI
Parking features
On Street
Standard status
Active
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7963
Utilities
Heating system
Ceiling, Radiant, Radiant Ceiling, Natural Gas
Water source
Public
Amenities
office space
restroom
down draft spray booth
Building Details
Building materials
Concrete Exterior
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro · Keller Williams Realty
(603) 610-8500
Listed By:
Adam Dow · License #056660
(603) 610-8500
Added: Jul 10
Changed: Aug 20
Last Checked: Aug 22 at 5:06PM
MLS# 5099240
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased industrial property contains approximately 6,000+/- square feet and is configured for two auto body shop occupants. Each tenant has a dedicated garage bay with 12ft-height doors, office space, and a restroom. The 4 Belknap unit also includes a down-draft spray booth. The building features a concrete exterior, radiant ceiling heating served by natural gas, and public water service.
Set on 0.25 acres in downtown Nashua, the property is zoned GI and provides on-street parking. The existing layout, established occupancy, and automotive improvements create a purpose-built setting for continued auto shop operations.
Set on 0.25 acres in downtown Nashua, the property is zoned GI and provides on-street parking. The existing layout, established occupancy, and automotive improvements create a purpose-built setting for continued auto shop operations.
Key Highlights
- Fully leased 6,000+/- sq ft industrial building
- Two long‑term auto body shop tenants in place
- Each unit includes a garage bay with 12ft height doors, office space, and restroom
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
$83,916
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
8.39%
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%
$1,678,320
$1.7M
Cap Rate 7%
$1,198,800
$1.2M
Cap Rate 9%
$932,400
$932.4K
Market Conditions
NOI Build-Up for 6,000 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
$129.6K $21.60/SF
− Vacancy
−$9.7K −$1.62/SF
EGI
$119.9K $19.98/SF
− OpEx
−$36.0K −$5.99/SF
NOI
$83.9K $13.99/SF
Area
Hillsborough County, NH
Vacancy
7.50%
Lease Rate
$21.60 /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%
$1,678,320
Cap Rate 7%
$1,198,800
Cap Rate 9%
$932,400
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,916 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,635 @ 7.0% cap · market cap 8.16%
Theoretical Best
Specialty Retail
$10.99M
$9.62M – $12.83M
NOI $769,500 @ 7.0% cap · market cap 76.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- State Auto Repair — 51 Harbor Ave, Nashua, NH 03060
- Kingsley Automotive Machine — 22 Pond St # B, Nashua, NH 03060
- Goodyear Auto Service — 293 Main St, Nashua, NH 03060
- Otterson Street Auto — 41 E Otterson St, Nashua, NH 03060
- BROADSIDE COLLISION CENTERS — 7 E Otterson St, Nashua, NH 03060
Frequently Asked Questions
What type of property is this?
Auto shop - Two established auto body occupants use dedicated bays with office and restroom areas.
Where is this auto shop located?
The property is located at 4-6 Belknap Street Nashua, NH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fully leased 6,000+/- sq ft industrial building; Two long‑term auto body shop tenants in place; Each unit includes a garage bay with 12ft height doors, office space, and restroom
