Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Durham Commercial Space Available Title is generated by Realmo AI

    8 Jenkins Court, Durham, NH 03824

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime location in downtown Durham with parking and campus access.

    Type:Office, Retail, Restaurant
    Added:
    Oct 22, 2018
    Days on Market:
    2779
    Last Refresh:
    May 19 at 9:23 pm

    Property Features for 8 Jenkins Court

    General Information

    Standard status
    Active
    Property subtype
    Office, Retail, Restaurant

    Building Details

    Year Built
    2010

    Spaces For Lease

    at 8 Jenkins Court Contact us

    We can help!

    Listing Contact
    Dave Garvey
    Dave Garvey

    Listing agent Dave Garvey License #004637

    Listing office Coastal Land & Commercial Group

    Listing date Oct 22, 2018

    Source Crexi

    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 Coastal Land & Commercial Group

    HighLights

    • Prime downtown Durham location
    • Easy walk to UNH campus
    • Ideal for businesses serving college students
    • On‑street parking available
    • Free 1‑hour parking in adjacent municipal lot
    • Built in 2010

    Overview

    Located in the heart of downtown Durham, this building offers commercial space suitable for office, retail, and restaurant use. On-street parking is available, along with free, one-hour parking in the municipal lot adjacent to the property. The site is within walking distance of the University of New Hampshire campus, making it suitable for businesses that serve or employ college students. Several municipal parking lots are located nearby.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.926641
    Latitude
    43.134382

    Nearby Similar for Lease

    • $4,615/Mo
      5,840 SF

      Prime Retail Buildings on Main

      Two fully leased retail buildings in the heart of Durham.
      Main Street 50-54, Durham, NH
      View Details
    • $1,225/Mo
      700 SF

      Prime Commercial Space in Durham

      700 SF commercial space ideal for retail or office.
      13 Jenkins Court, Durham, NH
      View Details
    • $6,300/Mo
      4,350 SF

      Refined Office Space Near UNH

      Versatile 4,650 sq ft commercial space in Durham, NH.
      10 Pettee Brook Lane , Durham, NH
      View Details
    • Contact for pricing
      5,633 SF

      Office Space for Lease

      5,633 sqft office space available for rent.
      2 Madbury Rd, Durham, NH 03824
      View Details
    • $20 SF/Yr
      624 SF

      Downtown Durham Professional Office Space

      Professional office space with shared reception area and kitchenette.
      2-10 Jenkins Court, Durham, NH
      View Details
    • Contact for pricing
      4,850 SF

      Retail Space Near UNH

      Retail and restaurant spaces available near University of New Hampshire.
      7 Mill Rd, Durham, NH
      View Details
    • Contact for pricing
      10,700 SF

      Retail Space Near UNH Campus

      Retail and restaurant spaces available near Hannaford and UNH.
      5 Mill Rd, Durham, NH
      View Details
    • Contact for pricing
      230,371 SF

      Durham Warehouse Space Available

      230,371 square foot warehouse space for lease in Durham.
      121 Technology Drive, Durham, NH 03824
      View Details
    • $14 SF/Yr

      Versatile Flex Space Near University

      Adaptable office, flex, R&D, manufacturing, lab, and warehouse space.
      121 Technology Dr, Durham, NH 03824
      View Details
    • $12 SF/Yr
      99,149 SF

      Modern Flex/R&D/Lab/Office Space

      99,149 SF of air-conditioned Flex/R&D/Lab/Office space available now.
      121 technology drive, Durham, NH
      View Details

    FAQs

    What type of property is this?
    Office units - Prime location in downtown Durham with parking and campus access.
    Where is this office units located?
    The property is located at 8 Jenkins Court Durham, NH.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Durham location; Easy walk to UNH campus; Ideal for businesses serving college students
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dave Garvey
    Dave Garvey
    Real Estate License ID: 004637
    Learn More
    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
    8 Jenkins Court, Durham, NH 03824
    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!