Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    402 Amherst St Nashua, NH 03063-1240

    • Office buildings
    • 35,328 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimations
    $4,990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0253045
    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

    • Attorney David Pinsonneault, Winer and Bennett / Law Firm
    • Brendan Hague - CMG Home Loans / Loan Service / Bank
    • Paul Goyette Northeast Planning / Financial Advisor
    • Brendan Hague - CMG Home Loans Mortgage Loan Officer NMLS# 1931893 / Loan Service / Bank
    • Nesco Resource | Staffing Services / Employment Agency

    Property Details for 402 Amherst St

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    1.83 lot acres
    Property size
    35,328 SF
    Zone code
    AI
    Property type
    Office buildings
    APN
    NASH M:G L:00002
    APU
    NASHMGL00002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,774,000
      Market price range: $3.28M - $5.85M
      AI Estimate
      $4,172,000
      Market price range: $858k - $5.24M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,615,000
      Current use
      RESTAURANT
      $7,290,000
      Change: +58% Conversion: Moderate
      RETAIL STORES
      $6,455,000
      Change: +40% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $6,250,000
      Change: +35% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,000,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashua
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.5101
    Latitude
    42.7849
    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
    $68,565
    $1,215,700
    $2,545,400
    $3,761,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,104 SF

      613 Amherst St

      OFFICE BUILDING • 1,104 SF
      613 Amherst St, Nashua, NH 03063-1017
      View Details
    • Value Estimation
      $8,395,000
      70,371 SF

      410 Amherst St

      OFFICE BUILDING • 70,371 SF
      410 Amherst St, Nashua, NH 03063-1222
      View Details
    • Value Estimation
      $1,945,000
      12,872 SF

      10 Cotton Rd

      OFFICE BUILDING • 12,872 SF
      10 Cotton Rd, Nashua, NH 03063-1213
      View Details
    • Value Estimation
      $555,000
      3,200 SF

      322 Amherst St

      OFFICE BUILDING • 3,200 SF
      322 Amherst St, Nashua, NH 03063-1741
      View Details
    • Value Estimation
      $980,000
      8,501 SF

      230 Amherst St

      OFFICE BUILDING • 8,501 SF
      230 Amherst St, Nashua, NH 03063-1702
      View Details
    • Value Estimation
      $2,995,000
      19,794 SF

      1900 Southwood Dr

      OFFICE BUILDING • 19,794 SF
      1900 Southwood Dr, Nashua, NH 03063-1815
      View Details

    Similar Nearby for Sale

    • $2,900,000
      14,742 SF

      Corporate Facility in Premier Location

      14,742 SF corporate facility in Nashua's office corridor.
      1800 Southwood Dr, Nashua, NH 03063
      View Details
    • Contact for pricing
      6,850 SF

      Nashua Commercial Building For Sale

      6,850 SF commercial building on 0.749 acres in Nashua.
      444 Amherst St, Nashua, NH 03063
      View Details
    • Contact for pricing
      25,360 SF

      Fully Leased Nashua Industrial Asset

      25,360 SF industrial building 100% leased in Nashua, NH.
      104 Perimeter Rd, Nashua, NH 03063
      View Details
    • Contact for pricing
      3,707 SF

      Turnkey Arby's Franchise Opportunity

      Arby's franchise business for sale in Nashua, NH.
      621 Amherst St, Nashua, NH 03063
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Building For Lease

      35,684 SF office building available for lease in Nashua.
      547 Amherst St, Nashua, NH 03063
      View Details
    • Contact for pricing

      First-Class Office/R&D/Warehouse Building

      Multi-tenant building with office, R&D, and high-bay warehouse spaces.
      22 Cotton Rd, Nashua, NH 03063
      View Details
    • Contact for pricing

      First-Class Office Building in Nashua

      Two Class A office suites available for lease in Nashua.
      20 Cotton Rd, Nashua, NH 03063
      View Details
    • $18 SF/Yr
      6,220 SF

      Class A Office Space Available

      Class A office building in Trafalgar Square Office Park.
      9 Trafalgar Sq, Nashua, NH 03063
      View Details
    • Contact for pricing
      14,034 SF

      Furnished Office Building For Lease

      Three-story office building with recent upgrades and covered parking.
      20 Trafalgar Sq, Nashua, NH 03063
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    402 Amherst St
    Nashua, NH 03063-1240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!