Mixed-Use Property with
New
For Sale
$549,000
589 Daniel Webster Hwy, Merrimack, NH 03054
Main-level configuration serves chiropractic and wellness office use, with stated potential for retail or showroom conversion.
Property Size3,111 SF
Days on Market4
Property Features for 589 Daniel Webster Hwy
General Information
Standard status
Active
Size
3,111 SF
Class
B
Property subtype
Mixed-Use
Additional Details
Highway Access
Yes
Building Details
Building Size
3,111 SF
Year Built
1850
Listing Agency:
Sperry - Commercial Realty Associates
(603) 289-1405
Listed By:
Joshua Solloway · License #NH #085116
(603) 289-1405
Source:
Sperrycga
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 15 at 4:03AM
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 Sperry - Commercial Realty Associates
Investment Insights
Based on property information with market context.
Built in 1850, this mixed-use property at 589 Daniel Webster Hwy in Merrimack is currently arranged for chiropractic and wellness office operations. The main level offers a customer-facing commercial configuration that the source identifies as adaptable for retail, showroom, or other similar uses.
The property occupies a location along the Daniel Webster Highway corridor in Merrimack, NH. Its existing office setup provides a defined commercial use today while allowing consideration of alternative customer-oriented configurations, subject to applicable review and approvals.
The property occupies a location along the Daniel Webster Highway corridor in Merrimack, NH. Its existing office setup provides a defined commercial use today while allowing consideration of alternative customer-oriented configurations, subject to applicable review and approvals.
Key Highlights
- Mixed‑use property at 589 Daniel Webster Hwy, Merrimack, NH 03054
- Main level currently configured as a chiropractic and wellness office
- Identified potential for retail, showroom, or other customer‑facing commercial use
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
$38,219
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
6.96%
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%
$764,380
$764.4K
Cap Rate 7%
$545,986
$546.0K
Cap Rate 9%
$424,656
$424.7K
Market Conditions
NOI Build-Up for 3,111 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
$67.2K $21.60/SF
− Vacancy
−$6.0K −$1.94/SF
EGI
$61.1K $19.66/SF
− OpEx
−$22.9K −$7.37/SF
NOI
$38.2K $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%
$764,380
Cap Rate 7%
$545,986
Cap Rate 9%
$424,656
Alternative Uses
Best Use
Healthcare Medical
$3.26M
$2.85M – $3.80M
NOI $228,186 @ 7.0% cap · market cap 41.56%
Second Best
Office B
$780.3K
$682.7K – $910.3K
NOI $54,619 @ 7.0% cap · market cap 9.95%
Theoretical Best
Specialty Retail
$5.70M
$4.99M – $6.65M
NOI $398,986 @ 7.0% cap · market cap 72.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
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?
Mixed-use property - Main-level configuration serves chiropractic and wellness office use, with stated potential for retail or showroom conversion.
Where is this mixed-use property located?
The property is located at 589 Daniel Webster Hwy Merrimack, NH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Mixed‑use property at 589 Daniel Webster Hwy, Merrimack, NH 03054; Main level currently configured as a chiropractic and wellness office; Identified potential for retail, showroom, or other customer‑facing commercial use
