Five-Unit Flex Portfolio
For Sale
Contact for pricing
70 Zachary Rd, Manchester, NH 03109
Contiguous five-unit flex block combining office space and 1,400 SF of warehouse with a 10' x 10' drive-in door.
Property Size7,250 SF
Price / SF$158.62
Days on Market97
Property Features for 70 Zachary Rd
General Information
Standard status
Active
Size
7,250 SF
Property subtype
FLEX_R_AND_D
Additional Details
Drive-In Doors
1
Listing Agency:
Sperry - Commercial Realty Associates
(603) 674-1617
Listed By:
Dave Tanguay · License ##077077
(603) 674-1617
Source:
Moodyscre
Added: May 6
Changed: Aug 8
Last Checked: Aug 10 at 7:06AM
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.
70 Zachary Road offers Units 3 through 7 as a contiguous five-unit flex portfolio totaling 7,250 SF. The space includes approximately 5,850 SF of office improvements with multiple private offices, open work areas, conference rooms, and upgraded finishes.
The remaining 1,400 SF is warehouse space with a 10' x 10' drive-in door, supporting light industrial and operational flexibility alongside the office component. The property is delivered vacant and move-in ready.
This configuration provides a single combined footprint for an owner-user seeking office and warehouse functionality within the same block, or for a buyer interested in multi-tenant leasing potential. Units 3, 4, 5, 6, and 7 are available together.
The remaining 1,400 SF is warehouse space with a 10' x 10' drive-in door, supporting light industrial and operational flexibility alongside the office component. The property is delivered vacant and move-in ready.
This configuration provides a single combined footprint for an owner-user seeking office and warehouse functionality within the same block, or for a buyer interested in multi-tenant leasing potential. Units 3, 4, 5, 6, and 7 are available together.
Key Highlights
- 5‑unit flex portfolio at 70 Zachary Road, including Units 3–7 offered together as a contiguous block
- Total size: 7,250 SF, featuring approximately 5,850 SF of office space plus 1,400 SF of warehouse space
- Office space includes multiple private offices, open work areas, and conference rooms with upgraded finishes
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
$74,578
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
6.49%
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%
$1,491,560
$1.5M
Cap Rate 7%
$1,065,400
$1.1M
Cap Rate 9%
$828,644
$828.6K
Market Conditions
NOI Build-Up for 7,250 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
$121.8K $16.80/SF
− Vacancy
−$7.1K −$0.97/SF
EGI
$114.7K $15.83/SF
− OpEx
−$40.2K −$5.54/SF
NOI
$74.6K $10.29/SF
Area
Manchester, NH
Vacancy
5.80%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,491,560
Cap Rate 7%
$1,065,400
Cap Rate 9%
$828,644
Alternative Uses
Best Use
Flex RnD
$1.07M
$932.2K – $1.24M
NOI $74,578 @ 7.0% cap · market cap 6.49%
Second Best
Warehouse
$1.01M
$880.0K – $1.17M
NOI $70,400 @ 7.0% cap · market cap 6.12%
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,628 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03109, NH
10,580
Population
4,250
Households
2.5
Avg Household Size
42
Median Age
34%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
1,469
Density / Sq Mi
$108,060
Median Household Income
$56,189
Median Earnings
$1,834
Median Rent
$350,000
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?
Flex space - Contiguous five-unit flex block combining office space and 1,400 SF of warehouse with a 10' x 10' drive-in door.
Where is this flex space located?
The property is located at 70 Zachary Rd Manchester, NH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5‑unit flex portfolio at 70 Zachary Road, including Units 3–7 offered together as a contiguous block; Total size: 7,250 SF, featuring approximately 5,850 SF of office space plus 1,400 SF of warehouse space; Office space includes multiple private offices, open work areas, and conference rooms with upgraded finishes
