Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Manufacturing properties
118 Northeastern Blvd Nashua, NH 03062-1915
Entity Owned
3-yr Hold
Free & Clear
Property ID
US58-0187429
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1969
Construction
CONCRETE
Total area
25,200 SF
Lot
2.27 ac (98,707 SF)
Zoning code
PI
APN
NASH M:140 L:00057
UPID
US58-0187429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cambray's Automotive Services Auto Repair Shop
-
Alliance Auto Details Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.64M
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$3.05M
Owner & transaction history
118 Ne Blvd LLC · 3 yrs held
118 Ne Blvd LLC
since 2023
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
PI · Nashua, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Park Industrial (PI) Districts are industrial areas that, for the most part, abut the major turnpike interchanges, and are adjacent to residential zones. The PI District provides locations for light industry and industrial parks. This district implements the Master Plan recommendation to provide adequate zoning for industrial park-type development. Gener…
Zone name
Park Industrial
General category
INDUSTRIAL
Zone area
2,271.95 ac
Top alternative use upside
Retail stores
$4.6M
+88.5%
Auto repair, garage
$4.5M
+82.5%
Commercial (general)
$4.2M
+72.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Nashua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nashua submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,755,000
ML approach
$2,635,000
CAP Approach
CAP Return
Estimation
6%
$3,600,000
6.5%
$3,325,000
7%
$3,085,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,445,000
Current use
RETAIL STORES
$4,605,000
Change: +89% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,460,000
Change: +82% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,225,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$3,290,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,400,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10% · vs last sale $3.78M (May 9 2023)
Last sale anchor
$3.78M
May 9 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$121 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,671
Tax year 2023
Assessed value
$1,956,700
Assessed 2023
Previous assessed
$1,956,500
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$595,000
Assessed improvement
$1,361,700
Applied tax rate
50,260.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
25,200 SF
Lot
2.27 ac (98,707 SF)
Zoning code
PI
APN
NASH M:140 L:00057
UPID
US58-0187429
Jurisdiction
NASHUA CITY
Zoning & alternative use
PI · Nashua, NHZoning PI · permitted uses
PI · Nashua, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Park Industrial (PI) Districts are industrial areas that, for the most part, abut the major turnpike interchanges, and are adjacent to residential zones. The PI District provides locations for light industry and industrial parks. This district implements the Master Plan recommendation to provide adequate zoning for industrial park-type development. General Industrial (GI) [Amended 2-26-2008 by Ord. No. O-08-07 ] The General Industrial (GI) Districts are the older, traditional industrial areas of the inner City. They are often in close proximity to the Nashua or Merrimack Rivers and are generally accessible by railroad and/or local roads. Most of Nashua's heavy industries are located in the GI Districts. This district implements the Master Plan recommendation to provide a reasonable amount of space for heavy industrial uses, provided they are environmentally sound and do not detract from neighboring land uses. Airport Industrial (AI) This district includes the Boire Field Airport and the surrounding industrially zoned land. It supports the airport's operations by providing an area for airport-related and airport-compatible uses.
Zone name
Park Industrial
General category
INDUSTRIAL
Zone area
2,271.95 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
RETAIL STORES
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
118 Ne Blvd LLC
Entity
Free & Clear · 3 yrs held
Mailing address
118 NORTHEASTERN BLVD, NASHUA, NH 03062-1915
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2023
—
118 Ne Blvd LLC
Newpower Realty LLC
Correction Deed
related
—
May 9, 2023
$3,780,000
Newpower Realty LLC
Southern Nh Industrial Ow
Warranty Deed
—
Aug 17, 2022
$2,900,000
S Nh Industrial Owner 3
1987 Tamposi LP
Quit Claim Arm's Length For Ne States
$76,373,000 · Harborone Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 118 Northeastern Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
