Industrial Flex Building with Dock
For Sale
$2,350,000
95 Runnells Bridge Road, Hollis, NH 03049
Fully conditioned industrial/flex space with heavy power and dock-high and drive-in loading for manufacturing and distribution use.
Property Size24,568 SF
Price / SF$95.65
Days on Market85
Property Features for 95 Runnells Bridge Road
General Information
Standard status
Active
Size
24,568 SF
Property subtype
Commercial
Zoning
IN
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$37,864
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed By:
Krissy Laporte · License #085144,NH
(603) 232-8282
Source:
Threehillsres
Added: Jun 3
Changed: Aug 23
Last Checked: Aug 25 at 8:24AM
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
Investment Insights
Based on property information with market context.
This industrial/flex building offers 24,568 SF of fully conditioned space designed to support manufacturing, warehouse, distribution, assembly, and trade operations. The interior layout is intended to handle both operational and work areas, and it can be adapted for multiple tenants or multiple departments through the property’s flexible configuration.
A key operational feature is the building’s robust electrical infrastructure, including 1200A and 800A three-phase service intended to support production equipment and ongoing operational demands. Loading is configured for efficient shipping and receiving, with two dock-high doors and one drive-in door to support a range of carrier and delivery needs.
The property is located in southern New Hampshire with direct access to NH Route 111 and convenient proximity to the Massachusetts border and the Nashua area. It is well suited for an owner user seeking scalable, functional space, as well as businesses that need warehouse and conditioned workspace in one facility. The building’s stated expansion potential for an additional 12,166 SF may also appeal to operators planning for phased growth.
A key operational feature is the building’s robust electrical infrastructure, including 1200A and 800A three-phase service intended to support production equipment and ongoing operational demands. Loading is configured for efficient shipping and receiving, with two dock-high doors and one drive-in door to support a range of carrier and delivery needs.
The property is located in southern New Hampshire with direct access to NH Route 111 and convenient proximity to the Massachusetts border and the Nashua area. It is well suited for an owner user seeking scalable, functional space, as well as businesses that need warehouse and conditioned workspace in one facility. The building’s stated expansion potential for an additional 12,166 SF may also appeal to operators planning for phased growth.
Key Highlights
- Fully conditioned 24,568 SF industrial/flex building built in 1986
- Heavy power infrastructure with 1200A and 800A 3‑phase electrical services
- Loading includes 1 drive‑in door and 2 dock‑high doors for shipping and receiving
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
$210,622
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
8.96%
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%
$4,212,440
$4.2M
Cap Rate 7%
$3,008,886
$3.0M
Cap Rate 9%
$2,340,244
$2.3M
Market Conditions
NOI Build-Up for 24,568 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
$318.4K $12.96/SF
− Vacancy
−$17.5K −$0.71/SF
EGI
$300.9K $12.25/SF
− OpEx
−$90.3K −$3.67/SF
NOI
$210.6K $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%
$4,212,440
Cap Rate 7%
$3,008,886
Cap Rate 9%
$2,340,244
Alternative Uses
Best Use
Warehouse
$3.80M
$3.33M – $4.44M
NOI $266,181 @ 7.0% cap · market cap 11.33%
Second Best
Industrial
$3.01M
$2.63M – $3.51M
NOI $210,622 @ 7.0% cap · market cap 8.96%
Theoretical Best
Specialty Retail
$45.01M
$39.39M – $52.51M
NOI $3,150,846 @ 7.0% cap · market cap 134.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03049, NH
8,342
Population
3,397
Households
2.5
Avg Household Size
47
Median Age
52%
College-Educated
98%
High-School Grad
31.7 sq mi
ZIP Area
263
Density / Sq Mi
$156,140
Median Household Income
$77,104
Median Earnings
$1,572
Median Rent
$622,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully conditioned industrial/flex space with heavy power and dock-high and drive-in loading for manufacturing and distribution use.
Where is this flex space located?
The property is located at 95 Runnells Bridge Road 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: Fully conditioned 24,568 SF industrial/flex building built in 1986; Heavy power infrastructure with 1200A and 800A 3‑phase electrical services; Loading includes 1 drive‑in door and 2 dock‑high doors for shipping and receiving
