Flex Building with Drive-In
For Sale
$2,300,000
8 Chestnut Drive, Bedford, NH 03110
Five-unit configuration pairs office space with warehouse areas and includes potential for separate office occupancy.
Property Size18,000 SF
Price / SF$124.83
Days on Market167
Property Features for 8 Chestnut Drive
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Commercial
Zoning
CO
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
9.83 ft
Warehouse Space
10,000 SF
Office Build-Out
8,000 SF
Drive-In Doors
3
Additional Details
Tenant in Place
Yes
Property Use
Flex
Taxes and HOA fees
Annual Taxes
$14,922
Amenities
No
High Speed Intrnt Avail
Private
1.72
74923
150
Building Details
Year Built
1962
Buildings
1
Building Size
18,000 SF
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Krissy LaPorte · License #069071
(603) 836-2700
Source:
Alexassociatesrealtygroup
Added: May 19
Changed: Oct 30
Last Checked: Oct 30 at 2:12PM
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 Keller Williams Realty-Metropolitan
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Investment Insights
Based on property information with market context.
This 18,425-square-foot flex property combines approximately 8,000 square feet of office space with approximately 10,000 square feet of warehouse space. The building, constructed in 1962, is arranged as five units; three have drive-in doors and 9–10-foot clear heights. Office space may be divided into two units with separate entrances, and high-speed internet is available. The owner is willing to lease back approximately 4,000–5,000 square feet of office space. Existing warehouse tenants occupy space under month-to-month agreements.
The property is at 8 Chestnut Drive in Bedford, with signage exposure directly on New Hampshire Route 101. Zoning is CO.
The property is at 8 Chestnut Drive in Bedford, with signage exposure directly on New Hampshire Route 101. Zoning is CO.
Key Highlights
- Five flex units include approximately 8,000 square feet of office and 10,000 square feet of warehouse space
- Three units have drive‑in doors and 9–10‑foot clear heights
- Office space can be divided into two units with separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,625
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,992,500
$4.0M
Cap Rate 7%
$2,851,786
$2.9M
Cap Rate 9%
$2,218,056
$2.2M
Market Conditions
NOI Build-Up for 18,425 SF
Gross rent
$249.8K $13.56/SF
− Vacancy
−$15.0K −$0.81/SF
EGI
$234.9K $12.75/SF
− OpEx
−$35.2K −$1.91/SF
NOI
$199.6K $10.83/SF
Area
Hillsborough County, NH
Vacancy
6.00%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,992,500
Cap Rate 7%
$2,851,786
Cap Rate 9%
$2,218,056
Alternative Uses
Best Use
Warehouse
$2.85M
$2.50M – $3.33M
NOI $199,625 @ 7.0% cap · market cap 8.68%
Second Best
Industrial
$2.26M
$1.97M – $2.63M
NOI $157,958 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$33.76M
$29.54M – $39.38M
NOI $2,363,006 @ 7.0% cap · market cap 102.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
9 ft
Clear height
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03110, NH
23,322
Population
8,185
Households
2.8
Avg Household Size
44
Median Age
61%
College-Educated
97%
High-School Grad
32.8 sq mi
ZIP Area
711
Density / Sq Mi
$160,253
Median Household Income
$70,344
Median Earnings
$1,913
Median Rent
$582,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Five-unit configuration pairs office space with warehouse areas and includes potential for separate office occupancy.
Where is this flex space located?
The property is located at 8 Chestnut Drive Bedford, NH.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Five flex units include approximately 8,000 square feet of office and 10,000 square feet of warehouse space; Three units have drive‑in doors and 9–10‑foot clear heights; Office space can be divided into two units with separate entrances
