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

    87 N High St, Unit A Derry, NH 03038

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,475 /Mo

    Large 2-bed duplex with utilities included, pet-friendly, convenient location.

    Lot size:
    0.09 Acres

    Property Features for 87 N High St

    General Information

    Property type
    Multi Family
    Standard status
    Active
    Lot size
    0.09 Acres

    Building Details

    Year built
    1973

    We can help!

    Listing Contact
    Steve Trefethen
    Source: Elliman

    Listing Agency: summerview real estate Listing Agent: Steve Trefethen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Spacious Derry Duplex with Utilities

    This large, approximately 1100 square foot, 2-bedroom, 1-bathroom duplex is a private back unit located in Derry, New Hampshire. It is pet-friendly and features new paint and new flooring. The property includes a large backyard suitable for a garden or patio, with landscaping included. The first floor features a bright living room, kitchen, bathroom, and master bedroom with a new washer and dryer, a large kitchen, and yard access. The second floor contains two large bedrooms suitable for office or storage space. The unit has forced hot air heat and is suitable for window AC units. All utilities are included. The property is located approximately 10 minutes from I-93, 45 minutes to Boston, 30 minutes to Hampton Beach, and 30 minutes to Concord. It is near the Rail Trail (0.2 miles), Hood Park, and Broadway shops, as well as a dog park, shops, tennis courts, and restaurants such as T-Bones. Landscaping, snow removal, and maintenance are included.
    Location Intelligence

    Current Use by Public Records

    Shih Tzu puppy's ... Pet Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Derry
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.3327392
    Latitude
    42.8889367

    Nearby Similar for Lease

    • Contact for pricing

      Derry NH Prime Office Space

      470 SF office space in the heart of Derry.
      6 West Broadway St, Derry, NH 03038
      View Details
    • Contact for pricing
      208,652 SF

      Derry Office Space For Lease

      Two offices with reception area available for lease.
      39.5 Birch St, Derry, NH 03038
      View Details
    • Contact for pricing

      Derry NH Prime Office Space

      Inviting 477 SF office space in downtown Derry, NH.
      6 West Broadway St, Derry, NH 03038
      View Details
    • $1,095 /Mo
      Pending

      Versatile Retail/Office Space Available

      Lower-level unit in high-traffic area, customizable for retail/office.
      37 Crystal Ave, Derry, NH 03038
      View Details
    • $15 SF/Yr
      4,196 SF

      Retail Space in Derry, NH

      Versatile 4,196 SF retail space with high visibility.
      15 W Broadway, Derry, NH 03038
      View Details
    • $800 /Mo
      418 SF

      Derry Office Space For Rent

      First-floor office space with utilities included in Derry, NH.
      39-43 Birch St, Derry, NH 03038
      View Details
    • $875 /Mo
      477 SF

      Derry Office Space For Rent

      Office space available for rent in Derry, New Hampshire.
      6 W Broadway, Derry, NH 03038
      View Details
    • $18 SF/Yr
      1,400 SF

      Medical/Office Space Near Parkland Medical

      High-end medical/office space near Parkland Medical Center.
      1 Scottish Way, Derry, NH
      View Details
    • $400 /Mo

      Iconic Derry Masonic Temple Space

      Office and hall rental space available in Derry, New Hampshire.
      58 East Broadway St, Derry, NH 03038
      View Details
    • $17 SF/Yr
      5,006 SF

      Derry Medical/Office Space For Rent

      5,006 SF medical/office space available near Parkland Medical Center.
      44 Birch St, Derry, NH 03038
      View Details
    • $2,475 /Mo

      Spacious Derry Unit with Utilities

      Large 2-bed unit with extra rooms, utilities included.
      87 N High St, Derry, NH 03038
      View Details

    FAQs

    What type of property is this?
    Duplex - Large 2-bed duplex with utilities included, pet-friendly, convenient location.
    Where is this duplex located?
    The property is located at 87 N High St, Unit A Derry, NH.
    What is the lease rate?
    The lease rate is $2,475 /Mo.
    What are key features of this property?
    This property features: - All utilities included in rent; - Pet-friendly with access to a dog park; - Large backyard with landscaping included
    (603) 432-5453
    Request Owner's contact information
    87 N High St, Unit A Derry, NH 03038
    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.
    87 N High St, Unit A
    Derry, NH 03038
    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
    87 N High St, Unit A Derry, NH 03038
    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

    We can help!
    Listing Contact
    Steve Trefethen
    (603) 432-5453
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!