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    Third-Floor Office Suite Title is generated by Realmo AI

    3 Sanborn Road, Londonderry, NH 03053

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    COMMERCIAL - Londonderry, NH

    Lot size:
    3.65 Acres
    Added:
    Oct 24, 2018
    Days on Market:
    2782
    Last Refresh:
    Jun 5 at 6:06 am

    Property Features for 3 Sanborn Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C 2
    Standard status
    Active
    Lot size
    3.65 Acres

    Utilities

    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1900
    Building materials
    Wood Frame, Board and Batten Exterior, Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Steve Trefethen

    Listing agent Steve Trefethen

    Listing office Summerview Real Estate, LLC 44 W Broadway, derry, NH

    Listing date Oct 24, 2018

    MLS# 4725010 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large third‑floor office space available in a busy Londonderry shopping area right off Exit 5, I‑93
    • Flexible build‑to‑suit fit‑up: landlord open to professional or commercial uses and customize layout, flooring, and colors
    • Fit‑up options include adding an elevator and bathrooms, with fit‑up costs potentially built into the lease term
    • Full fire sprinkler system
    • Electric heating; shingle roof; public water source
    • Long‑term lease available; lots of parking and signage visibility

    Overview

    Large third-floor office space available in a busy Londonderry shopping area, with the flexibility to be fit up to suit a tenant’s exact needs. The landlord is open to a wide range of professional or commercial uses, with options for build-to-suit planning. The space can be configured around your preferred layout, flooring, and colors, and additional improvements such as elevator service and bathrooms may be added as part of the fit-up process. Fit-up costs can also be structured into the lease term to help spread expenses over time, and long-term lease options are available.

    The building is located right off Exit 5 on I-93, placing the property near shopping and services in southern NH. On-site parking and strong signage visibility support day-to-day customer and client access.

    This offering is a practical fit for office and medical users looking for a customizable, third-floor workspace. With a full fire sprinkler system in place and an operator-focused fit-up approach, the space can be tailored for professional operations that need a coordinated office environment rather than a fixed, one-size layout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial Traffic Lines, ... General Contractor Julie Ann Gadziala Spiritual Center Wink & Inked Medical Clinic Leigh Holdren, LMT, ... Alternative Medicine Practice Shalon Da-Nai LMT Alternative Medicine Practice

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Londonderry
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.4002872
    Latitude
    42.917544

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    FAQs

    What type of property is this?
    Office units - Large third-floor space in a high-traffic shopping area, suited for flexible professional or medical office layouts.
    Where is this office units located?
    The property is located at 3 Sanborn Road Londonderry, NH.
    What are key features of this property?
    This property features: Large third‑floor office space available in a busy Londonderry shopping area right off Exit 5, I‑93; Flexible build‑to‑suit fit‑up: landlord open to professional or commercial uses and customize layout, flooring, and colors; Fit‑up options include adding an elevator and bathrooms, with fit‑up costs potentially built into the lease term
    (603) 432-5453
    We can help!
    Listing Contact
    Steve Trefethen
    Request Owner's contact information
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    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.

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    3 Sanborn Road, Londonderry, NH 03053
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