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    Property profile & analytics

    6 Airfield Dr Rye, NH 03870

    • Commercial real estate
    • 58,905 SF
    • 23.90 lot acres
    For Sale
    View listing
    $10,000,000
    Last Sale
    Jan 15, 2021
    $705,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0220473
    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.

    Current Use by Public Records

    • Seacoast Climb / Rock Climbing
    • Rinse Recovery / Spa And Health Club
    • Flight House Gym / Fitness Center
    • The Hangar at Airfield Place / Coworking Space

    Property Details for 6 Airfield Dr

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    23.90 lot acres
    Property size
    58,905 SF
    Zone code
    COM
    Property type
    Commercial real estate
    APN
    RYEE M:010 B:015
    APU
    RYEEM010B015

    Description

    This exceptional 61,000 square foot facility in Rye, NH, presents a unique investment opportunity within the thriving health and wellness sector. Situated on a generous 23.9-acre lot at 6 Airfield Drive, the building boasts a state-of-the-art design specifically crafted to support businesses in the fitness, health, and wellness industries. The adaptable floor plan allows for customization to meet the diverse needs of various tenants, fostering a collaborative and supportive atmosphere. Current occupants include well-established businesses in the fitness and wellness fields, demonstrating the property's appeal and market viability. The building's amenities are designed to enhance the tenant experience and promote a healthy lifestyle, including a communal cafe, a comfortable community lounge, and shared locker rooms, changing areas, and bathrooms. This property offers a compelling investment opportunity for those seeking a high-quality asset in a rapidly growing market segment. The expansive acreage provides ample space for future expansion or development, further enhancing its long-term potential. The strategic location in Rye, NH, offers excellent accessibility and visibility, attracting a broad range of clientele. This is a chance to acquire a premier wellness center with established tenants and significant growth potential. The asking price is $30 million. The property's design and amenities create a cohesive and supportive environment for businesses dedicated to health and wellness.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $840,000
      ML approach
      $1,035,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rye
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.8017
    Latitude
    43.0088
    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
    $36,422
    $2,448,400
    $2,087,300
    $4,535,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $445,000
      17,686 SF

      731 Central Rd

      COMMERCIAL (GENERAL) • 17,686 SF
      731 Central Rd, Rye, NH 03870
      View Details
    • Value Estimation
      $275,000
      4,028 SF

      681 Wallis Rd

      SHOW ROOM, WAREHOUSE • 4,028 SF
      681 Wallis Rd, Rye, NH 03870-2226
      View Details
    • Value Estimation
      $260,000
      2,393 SF

      112 Wentworth Rd

      COMMERCIAL (GENERAL) • 2,393 SF
      112 Wentworth Rd, Rye, NH 03870-6107
      View Details
    • Value Estimation
      $305,000
      6,000 SF

      40 Lafayette Rd

      SHOW ROOM, WAREHOUSE • 6,000 SF
      40 Lafayette Rd, Rye, NH 03870-6100
      View Details
    • Value Estimation
      $260,000
      2,348 SF

      522 Sagamore Rd

      COMMERCIAL (GENERAL) • 2,348 SF
      522 Sagamore Rd, Rye, NH 03870-2042
      View Details
    • Value Estimation
      $250,000
      1,764 SF

      475 Washington Rd

      SHOW ROOM, WAREHOUSE • 1,764 SF
      475 Washington Rd, Rye, NH 03870-2459
      View Details

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    • $10,000,000
      23.90 Acres

      Commercial Land with Development Potential

      Commercially zoned land in Rye, NH, with development potential.
      6 Airfield Dr, Rye, NH 03870
      View Details

    Similar Nearby for Lease

    • $3,800 /Mo

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      Furnished 2-bedroom suite with ocean views available for rent.
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    6 Airfield Dr
    Rye, NH 03870
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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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