Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Derry Retail Space in Granary Title is generated by Realmo AI

    16 Manning St Derry NH 03038, Derry, NH 03038

    View on Map
    For Lease
    $28 SF/Yr

    Affordable retail/office location for lease/rent. $1250/mth

    Added:
    Jan 21, 2025
    Days on Market:
    496
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 16 Manning St Derry NH 03038

    General Information

    Standard status
    Active
    Property type
    Retail residential properties, Individual retail properties, Other retail properties, Mixed-use properties, Retail properties & Spaces
    Total Parking Spaces
    20
    Elevators
    N/A
    Rate Type
    Yearly

    We can help!

    Listing Contact
    Scott Reiff

    Listing agent Scott License #052994

    Listing office Berkshire Hathaway HomeServices Verani Realty

    Listing date Jan 21, 2025

    Overview

    Located at 16 Manning St in Derry, New Hampshire, Unit 110 at The Granary of Derry offers 481 square feet of retail or office space. The unit is situated in a renovated historical building that combines modern amenities with original charm. The ground-level entrance provides storefront visibility directly from the parking area. The flexible layout includes an open retail or work area, multiple offices or conference rooms suitable for extra storage, and a private restroom. Dedicated building signage enhances brand presence. The Granary of Derry is located on Route 102 (Broadway), just off Exit 4 of I-93, providing accessibility and visibility. The property features central air conditioning and a sprinkler system. Tenants are responsible for separately metered utilities under the modified gross lease. The location is surrounded by ample parking, municipal services, restaurants, banks, and convenience stores. The building's colonial architecture is complemented by designated sign areas for each unit. Units in the building range from 480 to over 2000 square feet, suitable for various retail, office, or professional uses. The annual rent is $28.07 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    John Darak, Jr ... Insurance Agency Mark Shearing, LADC Counselor Karen Kelley, LADC Counselor The Culinary Playground Vocational School Recovery First Medical Clinic

    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
    -71.326435
    Latitude
    42.881484

    Nearby Similar for Lease

    • $880/Mo
      477 SF

      Derry NH Prime Office Space

      Office space in central Derry with excellent visibility and accessibility.
      6 West Broadway #22, Derry, NH 03038
      View Details
    • $1,500/Mo
      1,050 SF

      Derry Retail Space For Rent

      Commercial rental in a desirable location with high traffic count.
      29 Crystal Ave Lower Left, Derry, NH 03038
      View Details
    • Contact for pricing

      Derry Commercial Space For Lease

      Commercial space for lease in a high-visibility Derry location.
      37 Crystal Avenue, Derry, NH 03038
      View Details
    • Contact for pricing
      1,000 SF

      Derry Commercial Space For Lease

      1,000 sq ft commercial space in high-traffic Derry location.
      6 West Broadway Street, Derry, NH 03038
      View Details
    • Contact for pricing

      Derry NH Warehouse For Lease

      Newer warehouse with mezzanine and 3-phase electric available for lease.
      4 Peabody annex Road, Derry, NH 03038
      View Details
    • $1,250/Mo
      1,115 SF

      Retail Space in Derry, NH

      Retail location suitable for convenience store, deli, or takeout.
      34 South Ave, Derry, NH
      View Details
    • $12 SF/Yr
      12,300 SF

      Derry Office Space For Rent

      Office spaces available in Derry, New Hampshire, from 600-12,300 SF.
      34 Route 111, Derry, NH
      View Details
    • Contact for pricing

      Derry Office Space For Lease

      Two offices with reception area available for lease.
      39.5 Birch Street, Derry, NH 03038
      View Details
    • $775/Mo
      418 SF

      Derry Office Space For Rent

      First-floor office space with utilities included in Derry, NH.
      39-43 Birch St, Derry, NH
      View Details
    • Contact for pricing
      16,658 SF

      Derry Retail Space Available

      Retail space available for lease in Derry, New Hampshire.
      17 Crystal Ave, Derry, NH 03038
      View Details
    • Contact for pricing
      2,509 SF

      Retail Space in Hood Commons

      Retail space available in Hood Commons, Derry, NH.
      57 Crystal Avenue, 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 Street, Derry, NH 03038
      View Details

    FAQs

    What type of property is this?
    Retail residential property - Affordable retail/office location for lease/rent. $1250/mth
    Where is this retail residential property located?
    The property is located at 16 Manning St Derry NH 03038 Derry, NH.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    (603) 845-2500
    We can help!
    Listing Contact
    Scott Reiff
    Real Estate License ID: 052994
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    16 Manning St, Derry, NH 03038, Derry, NH 03038
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!