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Property profile & analytics
OFF-MARKET
Estimated value
$9,385,000
Manufacturing properties
175 Ledge St Nashua, NH 03060-3099
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US58-0139052
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1960
Construction
CONCRETE
Total area
66,069 SF
Lot
6.66 ac (290,022 SF)
Zoning code
PI
APN
NASH M:87 L:00271
UPID
US58-0139052
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
-
Infor Restaurant Systems Division (Bike/Boat/Book/etc) Store Corporate Office
-
Continental Resources Inc IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.72M
Comparable Approach
Comparable
$9.72M
Blend (final)
Blend
$9.39M
Owner & transaction history
Ronald J Cordova JR · 9 yrs held
Ronald J Cordova JR
since 2016
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
Restaurant
$13.6M
+112.9%
Retail stores
$12.1M
+88.5%
Auto repair, garage
$11.7M
+82.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,440,000
6.5%
$8,715,000
7%
$8,090,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,405,000
Current use
RESTAURANT
$13,635,000
Change: +113% · Conversion: Difficult
RETAIL STORES
$12,075,000
Change: +89% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,690,000
Change: +82% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,595,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$8,630,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,295,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$9.39M
Range $8.45M – $10.32M · ±10%
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
$142 / 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
$98,641
Tax year 2023
Assessed value
$5,410,900
Assessed 2023
Previous assessed
$5,410,900
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,057,700
Assessed improvement
$4,353,200
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 Sale
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
1960
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
66,069 SF
Lot
6.66 ac (290,022 SF)
Zoning code
PI
APN
NASH M:87 L:00271
UPID
US58-0139052
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
$6.4M
RESTAURANT
Est. value
$13.6M
RETAIL STORES
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$10.6M
OFFICE BUILDING
Est. value
$8.6M
WAREHOUSE, STORAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
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
1960
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
6.66 ac
Current owner
From public records · entity-resolved
Ronald J Cordova JR
Individual
Mailing address
1 THISTLE LN, WESTFORD, MA 01886-4034
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Sep 21, 2016
$389,667
Ronald J Cordova JR
Bowers Landing Of Merrimack II Ll
Warranty Deed
$311,690 · Guaranteed Rate
Oct 25, 2007
$2,400,000
175 Ledge Street RT
Infor Global Solutions
Warranty Deed
—
Oct 30, 1998
$2,500,000
Geac Computers INC
Kamborian Rlty Corp
Warranty Deed
—
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.
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