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Property profile & analytics
FOR LEASE
Warehouses
51 Harvey Rd E Londonderry, NH 03087
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US58-0562033
For Lease
1 / 23
$2,500/Mo
51 Harvey Rd E, Londonderry, NH 03087
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
STEEL FRAME
Total area
21,253 SF
Lot
2.09 ac (91,040 SF)
Zoning code
IND-II
APN
LOND M:014 L:044-6
UPID
US58-0562033
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
73 Rockingham LLC · 4 yrs held
73 Rockingham LLC
since 2022
Last sale
$2.0M
1 recorded transaction
Zoning & alternative use
IND-II · Londonderry, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+176.8%
Auto repair, garage
$1.9M
+131.9%
Commercial (general)
$1.9M
+125.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Londonderry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Londonderry submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue 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
Change: +177% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,930,000
Change: +132% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,875,000
Change: +125% · Conversion: Difficult
RETAIL STORES
$1,790,000
Change: +115% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,260,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10% · vs last sale $2.00M (Feb 18 2022)
Last sale anchor
$2.00M
Feb 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,606
Tax year 2023
Assessed value
$1,444,500
Assessed 2023
Previous assessed
$1,049,700
+37.6% YoY
Effective rate
1.56%
On assessed value
Assessed land
$377,800
Assessed improvement
$1,066,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
10
Total area
21,253 SF
Lot
2.09 ac (91,040 SF)
Zoning code
IND-II
APN
LOND M:014 L:044-6
UPID
US58-0562033
Jurisdiction
LONDONDERRY TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
IND-II · Londonderry, NH
Zoning IND-II · permitted uses
IND-II · Londonderry, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Londonderry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
10
Lot
2.09 ac
Current owner
From public records · entity-resolved
73 Rockingham LLC
Entity
Mailing address
51 HARVEY RD, LONDONDERRY, NH 03053-7414
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$1,999,000
73 Rockingham LLC
Bicchieri Ft
Warranty Deed
$1,592,000 · Primary Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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