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Property profile & analytics
OFF-MARKET
Estimated value
$8,375,000
Office buildings
61 Spit Brk Rd, Nashua, NH 03060-5614
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US58-0287568
Property summary
AI-generated overview
Executive Tower, a Class A office building located at 61 Spit Brook Road in Nashua, New Hampshire, offers 58,719 square feet of premium office space. This five-story building, constructed in 1986, boasts a prime location just off Exit 1 of Route 3, providing convenient access to major transportation routes. Currently, 29,055 square feet is available for lease, with multiple suites ranging from 2,200 to 12,929 square feet, catering to diverse business needs. The building features two elevators and ample parking, with a ratio of 3.5 spaces per 1,000 square feet. Power is supplied by a 1,200 amp, 277/980 volt system. Executive Tower is zoned LB - Local Business (APN: 0000A-00229, Hillsborough County). Its strategic location offers proximity to a variety of amenities, including restaurants, hotels, and shopping centers. The property is conveniently situated 45 minutes from Boston and 20 minutes from Manchester, making it an ideal location for businesses seeking a blend of accessibility and prestigious surroundings. This landmark business address provides a first-class environment for companies of all sizes.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
59,135 SF
Lot
2.36 ac (102,932 SF)
Zoning code
RC
APN
NASH M:A L:00229
UPID
US58-0287568
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
-
Endeavor Business Media Publishing House
-
Granite Law Group Law Firm
-
Kristin Grasso Marriage Or Relationship Counselor
-
Robert Half Recruiters & Employment Agency Employment Agency
-
Black, LaFrance & Bollinger Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.10M
Blend (final)
Blend
$8.38M
Owner & transaction history
Farley White Nashua LLC · 13 yrs held
Farley White Nashua LLC
since 2013
7 recorded transactions
Zoning & alternative use
RC · Nashua, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.2M
+58.1%
Retail stores
$10.8M
+40.0%
Auto repair, garage
$10.5M
+35.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,720,000
Current use
RESTAURANT
$12,205,000
Change: +58% · Conversion: Moderate
RETAIL STORES
$10,810,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,460,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,485,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$8.38M
Range $7.54M – $9.21M · ±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
$110,784
Tax year 2023
Assessed value
$6,077,000
Assessed 2023
Previous assessed
$6,077,000
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$3,020,100
Assessed improvement
$3,056,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Units
5
Bathrooms
10
Total area
59,135 SF
Lot
2.36 ac (102,932 SF)
Zoning code
RC
APN
NASH M:A L:00229
UPID
US58-0287568
Jurisdiction
NASHUA CITY
Zoning & alternative use
RC · Nashua, NH
Zoning RC · permitted uses
RC · Nashua, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nashua. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.7M
RESTAURANT
Est. value
$12.2M
RETAIL STORES
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$9.5M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Units
5
Bathrooms
10
Lot
2.36 ac
Current owner
From public records · entity-resolved
Farley White Nashua LLC
Entity
Free & Clear · 13 yrs held
Mailing address
155 FEDERAL ST STE #1800, BOSTON, MA 02110-1737
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
—
Farley White Nashua LLC
—
Deed
related
$2,269,149 · Genworth Life Ins Co
Jan 31, 2013
$2,625,000
Farley White Nashua LLC
Servco INC
Grant Deed
—
May 15, 2012
$3,700,000
Servco INC
Stonewater Exec Tower Fun
Grant Deed
—
Dec 29, 2006
$7,072,000
Tower Fun Stonewater Exec.
Brookhaven LLC
Grant Deed
$6,000,000 · Citizens Bank Of Nh
Sep 15, 1999
$6,875,000
Brookhaven LLC
Executive Tower LP
Grant Deed
$3,800,000 · 1st America Fin
Mar 27, 1997
$4,800,000
Tower LP Executive
Kb Opportunity Fund I
Warranty Deed
—
—
—
Farley White Nashua LLC
—
Deed Of Trust
related
$3,100,000 · Miscellaneous Ins Co
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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