Industrial Building with Auto Body
For Sale
Contact for pricing
4 Belknap Street, Nashua, NH 03060
Fully leased industrial building with two auto body shop tenants and separate garage bays with 12-foot height doors.
Property Size6,000 SF
Price / SF$150
Days on Market56
Property Features for 4 Belknap Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail, Industrial
Zoning
General Industrial
Occupancy
100%
Lease Type
Gross
Additional Details
Drive-In Doors
2
Service Bays
2
Amenities
office space
restroom
down draft spray booth
Building Details
Year Built
1942
Buildings
1
Units
2
Tenancy
Multi
Building Size
6,000 SF
Listing Agency:
The Dow Group / KW
Listed By:
Adam Dow · License #NH 056660
(866) 525-3946
Source:
Crexi
Added: Jul 23
Changed: Sep 7
Last Checked: Sep 15 at 4:42AM
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 The Dow Group / KW
Investment Insights
Based on property information with market context.
This fully leased industrial building totals about 6,000± SF and is set up for automotive repair operations. Two long-term auto body shop tenants operate in separate areas, each with its own garage bay equipped with 12-foot height doors, along with office space and restrooms. A down draft spray booth is included in the building.
Built in 1942, the property supports a focused tenant use with dedicated functional space for day-to-day shop operations, including vehicle access through the overhead doors and on-site work areas.
The combination of two established, separate auto body tenants and dedicated shop components makes the building well-suited for buyers looking for an owner-occupied or multi-tenant automotive-focused industrial asset.
Built in 1942, the property supports a focused tenant use with dedicated functional space for day-to-day shop operations, including vehicle access through the overhead doors and on-site work areas.
The combination of two established, separate auto body tenants and dedicated shop components makes the building well-suited for buyers looking for an owner-occupied or multi-tenant automotive-focused industrial asset.
Key Highlights
- Fully leased industrial building totaling 6,000± SF
- Two long‑term auto body shop tenants
- Each tenant has a separate garage bay with 12‑foot height doors
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
$51,438
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
5.72%
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%
$1,028,760
$1.0M
Cap Rate 7%
$734,829
$734.8K
Cap Rate 9%
$571,533
$571.5K
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
$77.8K $12.96/SF
− Vacancy
−$4.3K −$0.71/SF
EGI
$73.5K $12.25/SF
− OpEx
−$22.0K −$3.67/SF
NOI
$51.4K $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%
$1,028,760
Cap Rate 7%
$734,829
Cap Rate 9%
$571,533
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,916 @ 7.0% cap · market cap 9.32%
Second Best
Industrial
$734.8K
$643.0K – $857.3K
NOI $51,438 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$10.99M
$9.62M – $12.83M
NOI $769,500 @ 7.0% cap · market cap 85.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
2
Service bays
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 03060, NH
31,251
Population
13,003
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
6.6 sq mi
ZIP Area
4,735
Density / Sq Mi
$78,068
Median Household Income
$44,628
Median Earnings
$1,539
Median Rent
$338,700
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?
Manufacturing property - Fully leased industrial building with two auto body shop tenants and separate garage bays with 12-foot height doors.
Where is this manufacturing property located?
The property is located at 4 Belknap Street Nashua, NH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Fully leased industrial building totaling 6,000± SF; Two long‑term auto body shop tenants; Each tenant has a separate garage bay with 12‑foot height doors
