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    First-Class Office/R&D/Warehouse Building Title is generated by Realmo AI

    22 Cotton Rd, Nashua, NH 03063

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    Multi-tenant building with office, R&D, and high-bay warehouse spaces.

    Type:Office, Industrial
    Property size:
    153,700 SF
    Added:
    Mar 30, 2021
    Days on Market:
    1892
    Last Refresh:
    May 12 at 9:43 pm

    Property Features for 22 Cotton Rd

    General Information

    Standard status
    Active
    Size
    153,700 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1989

    Spaces For Lease

    at 22 Cotton Rd Contact us

    Suite 2nd Floor $11/Mo

    Size
    6,680 SF
    Type
    Office, Industrial
    Contact us

    2nd Floor $11/Mo

    Size
    10,686 SF
    Type
    Office, Industrial
    Contact us

    We can help!

    Listing Contact
    Thomas Farrelly

    Listing agent Thomas Farrelly License #NH 008028

    Listing office Cushman & Wakefield - Manchester, New Hampshire

    Listing date Mar 30, 2021

    Source Crexi

    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 Cushman & Wakefield - Manchester, New Hampshire

    HighLights

    • Extensive renovation and finishes upgrade program completed in 2018‑2019.
    • Located in Nashua, New Hampshire, offering tax, labor, and quality of life benefits.
    • Easily accessible via Exits 7 and 8 of Route 3/F.E. Everett Turnpike and close to major transportation.
    • High image office/flex space and 24’ clear height industrial space with tailboard height loading docks and heavy power.
    • Ample parking and a wide array of nearby amenities.
    • Owned and managed by Lincoln Property Company.

    Overview

    22 Cotton Road is a 153,700-square foot multi-tenant building featuring office, R&D, and high-bay warehouse spaces. Overlooking Birch Pond in Nashua, New Hampshire, the property underwent an extensive renovation and finishes upgrade program in 2018-2019. The common areas and second-floor offices include new energy-efficient lighting, second-look ceiling tiles, new glass entrances and walls, new paint and carpeting, and updated finishes in the common restrooms. The property provides high-image office and flex space, along with industrial space featuring 24-foot clear height, tailboard height loading docks, and heavy power. Ample parking is available. The surrounding area offers a variety of amenities, including restaurants, hotels, childcare, healthcare, fitness services, financial institutions, and retail services. Easily accessible via Exits 7 and 8 of Route 3/F.E. Everett Turnpike, 22 Cotton Road is located less than eight miles from the New Hampshire/Massachusetts border. It is adjacent to the Nashua Airport, and the Manchester-Boston Regional Airport, I-293, and I-93 are less than a 15-minute drive away. This location is suited for companies seeking the tax, labor, and quality of life benefits of New Hampshire, with access to both Massachusetts and New Hampshire labor markets.
    Property Profile Location Intelligence

    Current Use by Public Records

    SNHMC FMP Office Medical Billing Service QmagiQ, LLC Industrial Manufacturer Ratheon Technical Services Industrial Manufacturer AQS Inc (Bike/Boat/Book/etc) Store Keyfile (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashua
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.5126311
    Latitude
    42.7841391

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    FAQs

    What type of property is this?
    Flex space - Multi-tenant building with office, R&D, and high-bay warehouse spaces.
    Where is this flex space located?
    The property is located at 22 Cotton Rd Nashua, NH.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Extensive renovation and finishes upgrade program completed in 2018‑2019.; Located in Nashua, New Hampshire, offering tax, labor, and quality of life benefits.; Easily accessible via Exits 7 and 8 of Route 3/F.E. Everett Turnpike and close to major transportation.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Farrelly
    Real Estate License ID: NH 008028
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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