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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 E Hollis St Nashua, NH 03060

    • Warehouses
    • 74,500 SF
    • 3.32 lot acres
    For Lease
    View listing
    $3 SF/Yr
    Last Sale
    May 17, 2022
    $4,650,000
    Value Estimations
    $5,065,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0168886
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drumhill Cycle / Motorcycle Shop
    • Workplace / Warehouse
    • Toland Affordable Auto / Used Car Dealer
    • DigiTire / Tire Shop

    Property Details for 120 E Hollis St

    Year built
    1900
    Construction
    STEEL FRAME
    Lot size
    3.32 lot acres
    Property size
    74,500 SF
    Zone code
    GI
    Property type
    Warehouses
    APN
    NASH M:39 L:00033
    APU
    NASHM39L00033

    Description

    This exceptional 96,700-square-foot industrial warehouse in Nashua, New Hampshire, offers a unique opportunity for businesses seeking flexible space. Located at 120 East Hollis Street, this single-story building boasts 20-28 foot clear ceiling heights, providing ample room for various operations. The property features 13 loading docks and 8 drive-in doors, ensuring efficient loading and unloading. A significant 21,746 square feet of contiguous space is currently vacant, divisible into units as small as 9,945 square feet, catering to a range of tenant needs. Conveniently situated near downtown Main Street and the Everett Turnpike, this prime location offers excellent accessibility. The property is zoned commercial and sits within Hillsborough County, offering ample parking adjacent to each unit. This building presents a rare opportunity to secure industrial space at below-market rates in a highly desirable location. The property's size and features make it ideal for distribution, warehousing, or storage operations. Don't miss this chance to secure your business's future in this exceptional Nashua property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,930,000
      ML approach
      $4,840,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,475,000
      Market price range: $5.48M - $9.02M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,095,000
      Current use
      INDUSTRIAL (GENERAL)
      $7,225,000
      Change: +2% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashua
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4501
    Latitude
    42.7625
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,229
    $359,700
    $1,792,200
    $2,151,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $455,000
      54.20 Acres

      141 Burke St

      WAREHOUSE, STORAGE • 54.20 Acres
      141 Burke St, Nashua, NH 03060-4757
      View Details
    • Value Estimation
      $265,000
      1,908 SF

      8-8A Simon St

      WAREHOUSE, STORAGE • 1,908 SF
      8-8A Simon St, Nashua, NH 03060
      View Details
    • Value Estimation
      $315,000
      2,475 SF

      5 Daniels St

      WAREHOUSE, STORAGE • 2,475 SF
      5 Daniels St, Nashua, NH 03060-3001
      View Details
    • Value Estimation
      $330,000
      19,628 SF

      29 Mason St

      WAREHOUSE, STORAGE • 19,628 SF
      29 Mason St, Nashua, NH 03060-3457
      View Details
    • Value Estimation
      $695,000
      72,286 SF

      134 Haines St

      WAREHOUSE, STORAGE • 72,286 SF
      134 Haines St, Nashua, NH 03060-4093
      View Details
    • Value Estimation by Request
      14,186 SF

      158 Temple St

      Distribution properties • 14,186 SF
      158 Temple St, Nashua, NH 03060
      View Details

    Similar Nearby for Sale

    • $299,000
      2,610 SF

      Downtown Nashua Retail/Office Building

      High-traffic location, versatile space, great potential.
      106 Hollis St, Nashua, NH 03060
      View Details
    • $199,999
      6,000 SF

      Nashua Restaurant & C-Store

      Turnkey Restaurant & Convenience Store
      112 Daniel Webster Hwy, Nashua, NH 03060
      View Details
    • $650,000

      Freestanding Building on Main Street

      Freestanding building suitable for retail or restaurant use.
      303 Main St, Nashua, NH 03060
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    • $1,550,000

      Approved Condo Development Opportunity

      Approved 40-unit condo development opportunity in downtown Nashua.
      24 East Otterson St, Nashua, NH 03060
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    • $975,000

      High Traffic Retail Opportunity

      Retail property with high visibility and traffic, many potential uses.
      187 Main Dunstable Rd, Nashua, NH 03060
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    • $599,000

      Nashua Two-Family Home

      Two-family home in desirable Nashua neighborhood, ideal for investors.
      97 Linwood St, Nashua, NH 03060
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    Similar Nearby for Lease

    • $3 SF/Yr
      3,950 SF

      Industrial Flex Storage Space Available

      3,950 SF industrial/flex/storage space with loading doors.
      120 E Hollis St, Nashua, NH 03060
      View Details
    • $10 SF/Yr
      5,396 SF

      Industrial Space with Dedicated Loading

      Available industrial space with dedicated loading on two levels.
      165 Ledge St, Nashua, NH 03060
      View Details
    • $16 SF/Yr
      12,525 SF

      Nashua Executive Office Space

      Prime Downtown Nashua Office, 2,000 SF Available
      4 Water St, Nashua, NH 03060
      View Details
    • $15,000 /Mo
      5,341 SF

      Retail Space on Daniel Webster

      Retail/commercial space available for immediate move-in on Daniel Webster.
      105 Daniel Webster Hwy, Nashua, NH 03060
      View Details
    • Contact for pricing

      Retail Space with Anchor Tenants

      Retail space with DSW, Michaels, Trader Joe’s, & T.J. Maxx.
      226 Daniel Webster Hwy, Nashua, NH 03060
      View Details
    • $1,250 /Mo
      707 SF

      Retail Space in Luxury Apartments

      707± SF retail space in Nashua, NH for lease.
      4-6 Sanders St, Nashua, NH 03060
      View Details
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    120 E Hollis St
    Nashua, NH 03060
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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