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Property profile

486 Amherst St Nashua, NH 03063

OFF-MARKET
Other industrial properties
Property ID
US58-0349624
View Sample
98,820 SF 8.12 ac lot Built 1980
Individually Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

The property at 486 Amherst Street in Nashua is a flex/R&D/manufacturing building totaling 100,580 square feet, with leasable space ranging from 16,708 to 66,830 square feet. The interior configuration includes walled office areas alongside open space. The building is fully air-conditioned and served by municipal water and sewer, and natural gas. Electrical service is provided by 1,600 amps of 480/277V 3-phase 4-wire power, and the facility has a clear height of 14 feet 9 inches. Loading is supported by four loading docks. Parking is provided in a common lot shared with other tenants, at a stated ratio of 4.68 spaces per 1,000 square feet leased. The site is located approximately 1.8 miles from Exit 8 off the Everett Turnpike, near the Massachusetts border, and is roughly a 20-minute drive from Manchester-Boston Regional Airport, with several nearby employers and institutions including Fidelity, Amazon, Spear Research, Crane Currency, ConvenientMD, Nashua Technical College, Market Basket, and Starbucks.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1980
Construction CONCRETE
Total area 98,820 SF
Lot 8.12 ac (353,707 SF)
Zoning code AI
APN NASH M:H L:00022
UPID US58-0349624

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility
  • Factory Production Facility
  • Industrial Manufacturer Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.20M
CAP Approach CAP
$13.04M
Comparable Approach Comparable
$7.99M
Blend (final) Blend
$13.25M

Owner & transaction history

since 2022
Last sale
$12.5M
3 recorded transactions
2022
$12.5M
2012
$437,100
2005
$5.6M

Zoning & alternative use

AI · Nashua, NH
Zoning description

(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. § 190-15 Permitt…

General category INDUSTRIAL
Top alternative use upside
Restaurant $20.4M +112.9%
Retail stores $18.1M +88.5%
Auto repair, garage $17.5M +82.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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