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    37 Crystal Ave Derry, NH 03038
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    Property profile & analytics

    37 Crystal Ave, Derry, NH 03038

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    • Super regional malls
    • 10,406 SF
    • 3.15 lot acres
    For Lease
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    Derry Commercial Space For Lease For Lease
    Contact for pricing

    Derry Commercial Space For Lease

    Commercial space for lease in a high-visibility Derry location.

    37 Crystal Avenue, Derry, NH 03038
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    Property ID
    US58-0195421
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • EAST COAST PAWN / Discount Store / (Bike/Boat/Book/etc) Store
    • Birthright of Southern Nh / Medical Clinic
    • First Nutrition / Physician
    • A1 Certified Auto / Car Dealership
    • Body Work Asian & Spa / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 37 Crystal Ave

    Year built
    1920
    Construction
    FRAME
    Lot size
    3.15 lot acres
    Zone code
    GC
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    DERY M:32 B:25
    APU
    DERYM32B25

    Description

    This exceptional commercial property, located at 37 Crystal Avenue in Derry, New Hampshire, offers 11,094 square feet of versatile space on a 3.15-acre lot. Ideal for a variety of businesses, this property boasts eight individual rooms, perfect for offices, retail displays, or storage, complemented by two expansive open areas measuring 14 feet by 28 feet each. These large, adaptable spaces provide ample room for creative layouts and diverse business needs. The property's strategic location in the heart of Derry places it within a high-traffic area, surrounded by thriving shopping centers and numerous restaurants, ensuring excellent visibility and accessibility for customers and clients. This prime location guarantees significant foot traffic and exposure for any commercial enterprise. The property is currently undergoing improvements, with new flooring being installed in the front room, enhancing its appeal and functionality. This presents a unique opportunity to acquire a well-situated, spacious commercial property with significant potential for growth and success in a bustling commercial district. The asking price is $2650 (Note: This price likely represents monthly rent or a similar periodic payment, and not the sale price of the property. Further clarification is needed). Serious inquiries are encouraged to explore this promising investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Derry
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.3256
    Latitude
    42.8882
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,428
    $297,200
    $932,400
    $1,229,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      14,149 SF

      11 Manchester Rd

      REGIONAL SHOPPING CENTER, MALL
      11 Manchester Rd, Derry, NH 03038-3018
      View Details
    • Value Estimation
      $600,000
      22,199 SF

      127 Rockingham Rd

      REGIONAL SHOPPING CENTER, MALL
      127 Rockingham Rd, Derry, NH 03038-4195
      View Details
    • Value Estimation by Request
      32,354 SF

      10 Nashua Rd

      REGIONAL SHOPPING CENTER, MALL
      10 Nashua Rd, Londonderry, NH 03038-3364
      View Details
    • Value Estimation by Request
      9,300 SF

      10 Manchester Rd

      REGIONAL SHOPPING CENTER, MALL
      10 Manchester Rd, Derry, NH 03038-3061
      View Details
    • Value Estimation by Request
      16,000 SF

      61 Crystal Ave

      REGIONAL SHOPPING CENTER, MALL
      61 Crystal Ave, Derry, NH 03038-1764
      View Details
    • Value Estimation by Request
      6,100 SF

      32 Broadway

      RESTAURANT
      32 Broadway, Derry, NH 03038-2321
      View Details

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    • $3,000,000
      479.70 Acres

      Undeveloped Land in Derry, NH

      Almost 500 acres of undeveloped land in Derry, New Hampshire.
      12 Halls Vlg Rd, Derry, NH 03038
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Shopping Center in Derry

      Shopping center with national anchors and high traffic location.
      55 Crystal Ave, Derry, NH 03038
      View Details
    • Contact for pricing
      5,518 SF

      Retail Space in Derry Meadows

      Retail suites available in Hannaford-anchored Derry Meadows Shopping Center.
      35 Manchester Rd, Derry, NH 03038
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      Retail Suites in Derry Plaza

      In-line retail suites available for lease in busy shopping center.
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      Retail Space in Derry, NH

      Retail location suitable for convenience store, deli, or takeout.
      34 South Ave, Derry, NH 03038
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      137,214 SF

      Derry Commercial Space For Lease

      Commercial space for lease in a high-visibility Derry location.
      37 Crystal Ave, Derry, NH 03038
      View Details
    View Listing
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    Derry, NH 03038
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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.

    More about this property
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    37 Crystal Ave, Derry, NH, 03038
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