161 Riv Rd Bow, NH 03304-3352
- Manufacturing properties
- 29,086 SF
- 4.05 lot acres
Jan 04, 2025
Current Use by Public Records
- Manufacturing properties
Property Details for 161 Riv Rd
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 4.05 lot acres
- Property size
- 29,086 SF
- Zone code
- I2
- Property type
- Manufacturing properties
- APN
- BOWW M:036 B:005 L:18
- APU
- BOWWM036B005L18
Description
This well-maintained 31,000 square foot industrial building in Bow, New Hampshire, presents a compelling owner-user and investment opportunity. Strategically located near Routes 89 and 93, this Class B property offers exceptional accessibility. The building features multiple units, with a mix of occupied and vacant spaces. Unit 1 (approximately 12,000 sq ft) and Unit 2 (approximately 14,000 sq ft) are currently leased, while Unit 3 (approximately 2,400 sq ft) and Unit 4 (approximately 2,700 sq ft) are partially occupied. The property boasts eight 14-foot high dock-high doors and one 12-foot high overhead door, providing ample loading and unloading capabilities. Inside, the building benefits from radiant floor heating (under concrete), three-phase electric, LED lighting, natural gas, and well water. Extensive exterior space includes ample parking and lay-down areas. Additional features include a lighted sign pylon and a newly paved parking lot. The property is zoned I2 and was built in 1986. This is a rare opportunity to acquire a well-maintained, multi-tenant industrial property in a prime location. The property is offered at $3,500,000 with a NNN lease type.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,395,000
- ML approach
- $2,335,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,675,000
- 6.5%
- $3,395,000
- 7%
- $3,150,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,069,000
- AI Estimate
- $3,259,000
Market price range: $2.23M - $5.81MMarket price range: $3.26M - $5.26M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $4,100,000 Current use
- COMMERCIAL (GENERAL)
- $4,455,000 Change: +9% Conversion: Difficult
- RETAIL STORES
- $3,960,000 Change: -3% Conversion: Moderate
- OFFICE BUILDING
- $3,810,000 Change: -7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Bow
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4865
- Latitude
- 43.1482
- CBSA code
- 18180
- CBSA name
- CONCORD, NH MICROPOLITAN STATISTICAL AREA