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    51 Harvey Rd Londonderry, NH 03053
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    Property profile & analytics

    51 Harvey Rd, Londonderry, NH 03053

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    • Warehouses
    • 21,253 SF
    • 2.09 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Londonderry Office/Commercial Unit for Lease For Lease
    $12 SF/Yr
    1,829 SF

    Londonderry Office/Commercial Unit for Lease

    1,829 SF office/commercial unit with private rooms and open area.

    51 Harvey Rd, Londonderry, NH 3053
    View Listing
    Property ID
    US58-0562033
    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
    $1,985,000
    Cap Rate Potential
    8.1%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Divine Linen Rentals / Home Decor Store / Department Store
    • Axis Coach Transportation / Freight Service / Logistics Company
    • Dream Master Design & Build, L.L.C. / Construction Company
    • PIC Home Pros / General Contractor
    • Ebner Furnaces / HVAC Service / General Contractor

    Property Details for 51 Harvey Rd

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    2.09 lot acres
    Zone code
    IND-II
    Property type
    Warehouses
    APN
    LOND M:014 L:044-6
    APU
    LONDM014L0446

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 18, 2022 $1,999,000 73 Rockingham LLC Bicchieri Ft Warranty Deed $1.6M · Primary Bank

    Description

    This exceptional retail property, totaling 10,000 square feet, offers multiple spaces available, ranging from 2,000 to 5,000 square feet. Ideally situated on Harvey Road, it enjoys a convenient location just south of Manchester Regional Airport and within walking distance of Pipe Dream Brewing. Recently acquired by Pic Home Pros, the building is under new management and is undergoing significant improvements. The Industrial-I zoning provides considerable flexibility, accommodating a wide array of uses including retail, office space, repair services, and various service establishments. This presents a unique opportunity for businesses seeking adaptable spaces. The property features a variety of unit sizes and configurations to suit diverse needs. All available units include drive-in doors of varying heights, though dock access is not provided. The building is equipped with elevators for convenient access to all levels. This is a fantastic opportunity to establish or expand your business in a vibrant and accessible location. Contact us today to discuss available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,905,000
      ML approach
      $2,035,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,585,000
      6.5%
      $2,390,000
      7%
      $2,215,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,305,000
      AUTO REPAIR, GARAGE
      $1,930,000
      COMMERCIAL (GENERAL)
      $1,875,000
      RETAIL STORES
      $1,790,000
      INDUSTRIAL (GENERAL)
      $1,260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Londonderry
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.4211
    Latitude
    42.9089
    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
    $22,606
    $377,800
    $1,066,700
    $1,444,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      View Details
    • Value Estimation
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      30,450 SF

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      WAREHOUSE, STORAGE
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      View Details

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      Londonderry Commercial Building For Sale

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      Commercial Land on Rockingham Road

      Commercial land available on the corner of Rockingham Road.
      75 Rockingham Rd, Londonderry, NH 03053
      View Details
    • $500,000
      4.53 Acres

      Industrial-Commercial Development Land

      C-II zoned, level parcel with substantial frontage on NH Route 28 and town sewer available nearby off Mammoth Road.
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      Londonderry Commercial Land Parcel

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      7,020 SF

      Industrial Space with Outdoor Storage

      7,020± SF industrial space with convenient highway access.
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    • New
      Contact for pricing
      158,994 SF

      Heated Warehouse with Office Area

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    • Contact for pricing
      42,000 SF

      Industrial Warehouse in Londonderry, NH

      42,000 SF industrial warehouse available for lease in May 2025.
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    Londonderry, NH 03053
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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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