Industrial Buildings on 4
For Sale
Contact for pricing
212 Pembroke Rd, Concord, NH 03301
Two industrial buildings with high visibility and gated parking.
Property Size12,300 SF
Lot Size3.98 Acres
Price / SF$142.28
Days on Market1302
Property Features for 212 Pembroke Rd
General Information
Standard status
Active
Size
12,300 SF
Class
B
Lot size
3.98 Acres
Property subtype
Industrial
Building Details
Year Built
1957
Year Renovated
1998
Buildings
2
Listing Agency:
ZJBV Properties LLC
Listed By:
Brian Thibeault · License #NH
Source:
Crexi
Added: Jan 27, 2023
Changed: Aug 20
Last Checked: Aug 20 at 7:13PM
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 ZJBV Properties LLC
Investment Insights
Based on property information with market context.
Two industrial buildings situated on 3.98 acres are available for sale. The property features a large gated parking lot and three curb cuts. The total square footage of the two buildings is 12,330. Building A is an auto repair building with approximately 3,600 square feet. It includes five garage doors, two drive-through bays, one drive-in bay, multiple offices, and the capacity for four car lifts. Additional features of Building A include exhaust fans, pull-down utilities, two bathrooms, a finished front office/receiving office, and private parking. Building B is a freezer warehouse with 8,730 square feet. It has a ceiling height of 20 feet and two loading docks. The warehouse includes refrigerated storage, pallet racking, two separate freezer spaces, and finished offices. The property benefits from high traffic and frontage on three major roadways. Building A is currently leased to Red auto repair garage, and two tenants are inside the gated parking lot. Building B is currently available.
Key Highlights
- Two industrial buildings totaling 12,330 SF on 3.98 acres.
- Large gated parking lot and three curb cuts.
- Building A (3,600 SF): Leased auto repair garage with 5 garage doors, 2 drive‑through bays, and multiple offices.
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
$143,357
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
8.19%
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%
$2,867,140
$2.9M
Cap Rate 7%
$2,047,957
$2.0M
Cap Rate 9%
$1,592,856
$1.6M
Market Conditions
NOI Build-Up for 12,300 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
$221.4K $18.00/SF
− Vacancy
−$16.6K −$1.35/SF
EGI
$204.8K $16.65/SF
− OpEx
−$61.4K −$5.00/SF
NOI
$143.4K $11.66/SF
Area
Merrimack County, NH
Vacancy
7.50%
Lease Rate
$18.00 /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%
$2,867,140
Cap Rate 7%
$2,047,957
Cap Rate 9%
$1,592,856
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,357 @ 7.0% cap · market cap 8.19%
Second Best
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,299 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,187 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Storage Station — 220 Loudon Rd, Concord, NH 03301
- Mclaughlin Transportation Systems — 254 Sheep Davis Rd, Concord, NH 03301
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings with high visibility and gated parking.
Where is this warehouse located?
The property is located at 212 Pembroke Rd Concord, NH.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two industrial buildings totaling 12,330 SF on 3.98 acres.; Large gated parking lot and three curb cuts.; Building A (3,600 SF): Leased auto repair garage with **5 garage doors, 2 drive‑through bays, and multiple offices**.
