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Concord Industrial Building with Renovations

92 Old Turnpike Road Concord, NH 03301

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208,487 SF industrial building near Concord Airport.

Type:Industrial
Property size:
208,487 SF
Price / SF:
$110/SF
Added:
May 14, 2026
Days on Market:
60
Last Refresh:
Jul 5 at 5:59 am

Property Features for 92 Old Turnpike Road

General Information

Standard status
Active
Size
208,487 SF
Property subtype
Industrial

Building Details

Year Built
1958

Listing office Colliers - Manchester, New Hampshire

Listing date May 14, 2026

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 Colliers - Manchester, New Hampshire


Investment Insights

Based on property information with market context.

Capitol Crossing is a 208,487 square foot industrial building constructed in phases from 1958 to 1984. It was designed to meet the high power and durability needs of a manufacturing company. The building underwent significant renovation in 2020 to include current storage and distribution requirements. Available for lease is 35,160 to 168,677 square feet in flexible configurations consisting of a mix of open warehouse area, high ceilings, drive-in doors, loading docks, plus 8,000 square feet of mezzanine office area. Improvements include adding multiple loading docks, oversized drive-ins, truck and trailer parking, expanded parking to 245 cars, roof replacement, interior and exterior cosmetic changes, new ADA restrooms, and a significant sprinkler upgrade to an EFSR level over 71,500 square feet. An existing tenant, The Granite Group, occupies 39,150 square feet. The property is located adjacent to Concord’s Municipal Airport with easy access to I-93, I-393, and I-89. It is approximately 25 minutes to Manchester, NH, 50 minutes to Portsmouth, NH, and 70 minutes to Boston, MA.

Key Highlights

  • Flexible lease configurations available from 35,160± to 168,677± SF.
  • Significant 2020 renovation to meet current storage and distribution requirements.
  • Excellent location adjacent to Concord’s Municipal Airport with easy access to I‑93, I‑393, and I‑89.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $2.43M $11.64
− Vacancy −$167.4k −$0.80
EGI $2.26M $10.84
− OpEx −$338.9k −$1.63
NOI $1.92M $9.21
208,487 SF · lease $11.64/SF/yr · vacancy 6.90% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$27.43M
$24.01M – $32.01M (±1% cap)
NOI $1,920,439 @ 7.0% cap · market cap 8.35%
Second Best
Industrial
$22.59M
$19.77M – $26.36M (±1% cap)
NOI $1,581,538 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$54.29M
$47.50M – $63.33M (±1% cap)
NOI $3,800,001 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Concord Direct Advertising Agency Concord Litho Advertising Agency

Suggested Use

Building Supply Garden Center Big Box & Wholesale Store Furniture & Home Goods Parking Lot & Garage Storage Facility Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Skin Care Clinic

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

Similar Off Market Nearby

  • Concord Business Center — 124 - 134 Hall St, Concord, NH 03301
  • A+ Movers and Removers — 202 S Main St, Concord, NH 03301

FAQs

What type of property is this?
Warehouse - 208,487 SF industrial building near Concord Airport.
Where is this warehouse located?
The property is located at 92 Old Turnpike Road Concord, NH.
What is the asking price?
The asking price for this property is $23,000,000.
What are key features of this property?
This property features: Flexible lease configurations available from 35,160± to 168,677± SF.; Significant 2020 renovation to meet current storage and distribution requirements.; Excellent location adjacent to Concord’s Municipal Airport with easy access to I‑93, I‑393, and I‑89.
Contact an agent
(603) 232-8282 Call to check price and availability
More about this property
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