150 Venture DrDover, NH 03820

Property Details for 150 Venture Dr

Year built

1995

Construction

STEEL FRAME

Lot size

8.65 AC

Zone code

IT

Property type

Manufacturing properties

APN

DOVR M:D0009 B:A L:

APU

DOVRMD0009BAL

Description

This exceptional Class A industrial property, located at 150 Venture Drive in Dover, New Hampshire's Innovative Technology District (IT), offers up to 48,000 square feet of build-to-suit warehouse and distribution space. The facility boasts a high-bay design with impressive 30' to 42' clear ceiling heights and 26' column spacing, maximizing efficiency and storage capacity. Loading and unloading are streamlined with 4 to 5 loading docks equipped with seals and levelers, complemented by 1 to 2 drive-in doors. The property includes municipal water and sewer services and ample parking for both cars and trailers. Each unit includes 5% office space, finished to a high standard with a $30 per square foot tenant improvement allowance included in the lease rate. The strategic location provides easy access to major transportation arteries, being less than five miles from Route 16 and just over two miles from Route 9. This is an unparalleled opportunity for businesses seeking modern, efficient, and strategically located warehouse space in a thriving technology hub. The property is zoned IT, reflecting its suitability for innovative technology companies. The space can be configured as a single 48,000 square foot unit or divided into two units.

• CAP approach

  CAP return

  Valuation

  6%

  $138,998,000

  6.5%

  $128,306,000

  7%

  $119,141,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $78,771,000

  Geo Method

  $78,771,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $65,794,500

  Mixed-Use / Specialty

  $65,560,000

  Hospitality / Lodging

  $48,099,200

  Office

  $65,170,500

  Institutional / Educational

  $68,155,900

  Residential Income

  $79,742,400

  Multifamily

  $95,638,800

  Automotive / Energy

  $58,419,400

  Parking / Income-Based Land

  $20,159,800

  Restaurant / Food Service

  $34,098,200

  Healthcare / Senior Housing

  $67,230,500

Location Insight

City

Dover

County

Strafford

State

New Hampshire

Latitude

43.2272

Longitude

-70.9074

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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