Building Details

Building Size 16,320 SF

Year Built 2004

Tenancy Multi

Listing Agency: KW Coastal Land & Commercial Group

Listed By: Ethan Ash · License #NH #071469 Show Phone

Source: Kwclcg

Added: Apr 27 Changed: Oct 11 Last Checked: Oct 20 at 6:26PM

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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 KW Coastal Land & Commercial Group

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Investment Insights

Based on property information with market context.

This 16,320 SF industrial flex building was built in 2004 and includes three units. The property is currently 85% occupied, making it a multi-tenant option within an industrial-commercial mix zoning framework.

The property is located at 94 River Rd in Hudson, NH 03051. The area is described as somewhat bikeable with a car-dependent setting.

For tenants or owners seeking adaptable industrial flex space, the three-unit configuration provides multiple setups within a single building while maintaining strong current occupancy.

Key Highlights

• 3‑unit industrial flex building totaling 16,320 SF, built in 2004
• Industrial‑commercial mix zoning
• 85% occupancy rate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$139,912

Cap Rate

6.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,798,240 $2.8M

Cap Rate 7%

$1,998,743 $2.0M

Cap Rate 9%

$1,554,578 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,320 SF

Gross rent

$211.5K $12.96/SF

− Vacancy

−$11.6K −$0.71/SF

EGI

$199.9K $12.25/SF

− OpEx

−$60.0K −$3.67/SF

NOI

$139.9K $8.57/SF

Area

Hillsborough County, NH

Vacancy

5.50%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,798,240

Cap Rate 7%

$1,998,743

Cap Rate 9%

$1,554,578

Alternative Uses

Best Use

Industrial

$2.00M

$1.75M – $2.33M (±1% cap)

NOI $139,912 @ 7.0% cap · market cap 6.66%

Second Best

Flex RnD

$1.88M

$1.65M – $2.20M (±1% cap)

NOI $131,751 @ 7.0% cap · market cap 6.27%

Theoretical Best

Specialty Retail

$29.90M

$26.16M – $34.88M (±1% cap)

NOI $2,093,040 @ 7.0% cap · market cap 99.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

LIVE UNDISTRACTED (Bike/Boat/Book/etc) Store Legacy Wall Systems ... Hardware & Home Improvement Finish Line Product ... (Bike/Boat/Book/etc) Store jumpstart resources rod Consultant

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Gym & Fitness Center Plumbing Service Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

85%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

94

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 03051, NH

25,394

Population

10,080

Households

2.5

Avg Household Size

44

Median Age

35%

College-Educated

95%

High-School Grad

28.3 sq mi

ZIP Area

897

Density / Sq Mi

$124,973

Median Household Income

$60,768

Median Earnings

$1,615

Median Rent

$407,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Built in 2004, the three-unit industrial flex building offers an 85% occupancy rate and industrial-commercial zoning.

Where is this flex space located?

The property is located at 94 River Rd Hudson, NH.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 3‑unit industrial flex building totaling 16,320 SF, built in 2004; Industrial‑commercial mix zoning; 85% occupancy rate