Listing Agency: KW Commercial, NH d***@kw.com Show Phone

Listed By: Krissy LaPorte · License #065638 Show Phone

Source: Moodyscre

Added: Nov 24, 2025 Changed: Aug 8 Last Checked: May 20 at 8:39PM

Report an Issue

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 Commercial, NH

Investment Insights

Based on property information with market context.

This 24,440 square foot industrial/flex building is fully air conditioned and suitable for an owner-user looking to customize their operational space. It is well-suited for manufacturing, warehousing, distribution, or trade-related businesses. The property features significant electrical infrastructure, providing 1200 amp and 800 amp 3-phase services. Loading and access are facilitated by one drive-in door and two dock-height loading doors. There is potential for a 12,166 square foot high bay expansion, providing flexibility for future growth. The building is conveniently located near the Massachusetts border with easy access to Route 111 and major highways, offering connectivity for regional distribution and workforce accessibility.

Key Highlights

• 24,440± SF fully air conditioned industrial/flex building ideal for owner‑user.
• Significant electrical infrastructure: 1200 amp and 800 amp 3‑phase services.
• Potential for a 12,166± SF high bay expansion.

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

$209,525

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

8.92%

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%

$4,190,500 $4.2M

Cap Rate 7%

$2,993,214 $3.0M

Cap Rate 9%

$2,328,056 $2.3M

Market Conditions

NOI Build-Up for 24,440 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

$316.7K $12.96/SF

− Vacancy

−$17.4K −$0.71/SF

EGI

$299.3K $12.25/SF

− OpEx

−$89.8K −$3.67/SF

NOI

$209.5K $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 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%

$4,190,500

Cap Rate 7%

$2,993,214

Cap Rate 9%

$2,328,056

Alternative Uses

Best Use

Warehouse

$3.78M

$3.31M – $4.41M (±1% cap)

NOI $264,794 @ 7.0% cap · market cap 11.27%

Second Best

Industrial

$2.99M

$2.62M – $3.49M (±1% cap)

NOI $209,525 @ 7.0% cap · market cap 8.92%

Theoretical Best

Specialty Retail

$44.78M

$39.18M – $52.24M (±1% cap)

NOI $3,134,430 @ 7.0% cap · market cap 133.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Puritan Capital Marketing & Advertising Major Mail (a division ... Postal Service Ditto Editions Printing Service

Suggested Use

Top Pick Building Supply Auto Repair Shop Restaurant Storage Facility Spa & Massage Center Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

48

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Manufacturing property - 24,440 SF industrial/flex building with expansion potential.

Where is this manufacturing property located?

The property is located at 95 Runnells Bridge Rd Hollis, NH.

What is the asking price?

The asking price for this property is $2,350,000.

What are key features of this property?

This property features: 24,440± SF fully air conditioned industrial/flex building ideal for owner‑user.; Significant electrical infrastructure: 1200 amp and 800 amp 3‑phase services.; Potential for a 12,166± SF high bay expansion.