Nashua Commercial Building For
For Sale
Contact for pricing
444 Amherst St, Nashua, NH 03063
6,850 SF commercial building on 0.749 acres in Nashua.
Property Size6,850 SF
Lot Size0.75 Acres
Price / SF$150
Days on Market141
Property Features for 444 Amherst St
General Information
Standard status
Active
Size
6,850 SF
Lot size
0.75 Acres
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
Airport Industrial
Building Details
Year Built
1979
Buildings
1
Stories
1
Listing Agency:
Boulos Company
(603) 540-8315
Listed By:
Mike Tamposi · License #NH 061111
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 10 at 12:04PM
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 Boulos Company
Investment Insights
Based on property information with market context.
Available for sale is a 6,850 square foot stand-alone commercial building located at 444 Amherst Street in Nashua, NH. Situated on a 0.749-acre site, this property offers a versatile layout suitable for a variety of office or flex uses. The building is fully air-conditioned and features private offices, open work areas, a reception area, conference room, kitchenette, and restrooms. Two drive-in doors accommodate shipping and receiving needs. The site offers ample parking. Located on Amherst Street (Route 101), the property benefits from high visibility with over 41,000 vehicles passing by daily. The surrounding area includes a mix of commercial businesses, residential condominiums and apartments. The property provides convenient access to Exit 8 of the Everett Turnpike and is less than 10 minutes from the Massachusetts border. This location is suitable for businesses seeking a facility with both administrative and light operational capabilities.
Key Highlights
- Highly visible location on Amherst Street (Route 101) with over 41,000 vehicles per day.
- Versatile 6,850 SF stand‑alone commercial building suitable for office or flex uses.
- Convenient access to Exit 8 of the Everett Turnpike and proximity to the MA border.
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
$84,152
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
8.19%
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%
$1,683,040
$1.7M
Cap Rate 7%
$1,202,171
$1.2M
Cap Rate 9%
$935,022
$935.0K
Market Conditions
NOI Build-Up for 6,850 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
$148.0K $21.60/SF
− Vacancy
−$13.3K −$1.94/SF
EGI
$134.6K $19.66/SF
− OpEx
−$50.5K −$7.37/SF
NOI
$84.2K $12.29/SF
Area
Hillsborough County, NH
Vacancy
9.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,683,040
Cap Rate 7%
$1,202,171
Cap Rate 9%
$935,022
Alternative Uses
Best Use
Office B
$1.72M
$1.50M – $2.00M
NOI $120,264 @ 7.0% cap · market cap 11.70%
Second Best
Mixed Use
$1.20M
$1.05M – $1.40M
NOI $84,152 @ 7.0% cap · market cap 8.19%
Theoretical Best
Specialty Retail
$12.55M
$10.98M – $14.64M
NOI $878,513 @ 7.0% cap · market cap 85.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 03063, NH
16,036
Population
6,746
Households
2.4
Avg Household Size
43
Median Age
45%
College-Educated
95%
High-School Grad
8.1 sq mi
ZIP Area
1,980
Density / Sq Mi
$106,924
Median Household Income
$67,067
Median Earnings
$1,820
Median Rent
$371,700
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?
Mixed-use property - 6,850 SF commercial building on 0.749 acres in Nashua.
Where is this mixed-use property located?
The property is located at 444 Amherst St Nashua, NH.
What is the asking price?
The asking price for this property is $1,027,500.
What are key features of this property?
This property features: Highly visible location on Amherst Street (Route 101) with over 41,000 vehicles per day.; Versatile 6,850 SF stand‑alone commercial building suitable for office or flex uses.; Convenient access to Exit 8 of the Everett Turnpike and proximity to the MA border.
