Two-Unit Mixed-Use
New
For Sale
$584,900
106 West Broadway, Derry, NH 03038
Separate entrances and a second-level apartment support office, business, and live-work configurations.
Property Size3,198 SF
Days on Market2
Property Features for 106 West Broadway
General Information
Standard status
Active
Size
3,198 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Highway Access
Yes
Office Units
1
Building Details
Building Size
3,198 SF
Year Built
1900
Units
2
Listing Agency:
HOMES OF NH REALTY
(603) 437-4447
Listed By:
Altona Kercher
(603) 437-4447
Source:
Elliman
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 2:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOMES OF NH REALTY
Investment Insights
Based on property information with market context.
Built in 1900, this two-unit mixed-use property combines flexible commercial space with a separate apartment. The first-floor unit includes multiple rooms, a private entrance, updated kitchen, laundry area, and modern bathroom. Fresh interior paint and mini-split systems added in 2020 further support the space’s current configuration. The second level has its own entrance, full kitchen, and full bathroom.
The property is located at 106 West Broadway in Derry, with off-street parking on a generous lot. Recent improvements include a kitchen renovation completed in 2021, window replacement in 2017, an oil tank replaced in 2023, and a roof that is 7 years old. The West Broadway setting provides visibility along the corridor, while nearby shopping, restaurants, major highways, and downtown Derry are accessible from the property.
The property is located at 106 West Broadway in Derry, with off-street parking on a generous lot. Recent improvements include a kitchen renovation completed in 2021, window replacement in 2017, an oil tank replaced in 2023, and a roof that is 7 years old. The West Broadway setting provides visibility along the corridor, while nearby shopping, restaurants, major highways, and downtown Derry are accessible from the property.
Key Highlights
- Two‑unit mixed‑use property with separate first‑floor and second‑level entrances
- First‑floor layout includes multiple rooms, kitchen, laundry, and modern bathroom
- Second‑level apartment has a full kitchen and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,789
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,780
$595.8K
Cap Rate 7%
$425,557
$425.6K
Cap Rate 9%
$330,989
$331.0K
Market Conditions
NOI Build-Up for 3,198 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.8K $16.20/SF
− Vacancy
−$4.1K −$1.30/SF
EGI
$47.7K $14.90/SF
− OpEx
−$17.9K −$5.59/SF
NOI
$29.8K $9.32/SF
Area
Rockingham County, NH
Vacancy
8.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,780
Cap Rate 7%
$425,557
Cap Rate 9%
$330,989
Alternative Uses
Best Use
Office B
$784.3K
$686.2K – $915.0K
NOI $54,899 @ 7.0% cap · market cap 9.39%
Second Best
Mixed Use
$425.6K
$372.4K – $496.5K
NOI $29,789 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.06M
$931.6K – $1.24M
NOI $74,529 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
Business Placement
Demographics for 03038, NH
34,482
Population
14,207
Households
2.4
Avg Household Size
40
Median Age
35%
College-Educated
93%
High-School Grad
35.8 sq mi
ZIP Area
963
Density / Sq Mi
$104,306
Median Household Income
$53,516
Median Earnings
$1,473
Median Rent
$381,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate entrances and a second-level apartment support office, business, and live-work configurations.
Where is this mixed-use property located?
The property is located at 106 West Broadway Derry, NH.
What is the asking price?
The asking price for this property is $584,900.
What are key features of this property?
This property features: Two‑unit mixed‑use property with separate first‑floor and second‑level entrances; First‑floor layout includes multiple rooms, kitchen, laundry, and modern bathroom; Second‑level apartment has a full kitchen and full bathroom
