Property profile

6 Mohawk Dr Londonderry, NH 03053

OFF-MARKET
Office buildings
Property ID
US58-0607135
5,840 SF 1.01 ac lot Built 2019
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional free-standing commercial building, constructed in 2019, presents a lucrative investment opportunity in the thriving Londonderry, NH market. Strategically located near Route 93, Exit 4, this property boasts convenient access to major transportation arteries, Manchester Airport, and a wealth of amenities. The building currently enjoys a 96% occupancy rate, with a newly signed five-year lease (with renewal options) for a salon occupying the entire first floor. The second floor houses professional office tenants. A single vacant office space of approximately 245 square feet is available, offering immediate income potential. A significant advantage is the full basement, featuring an 8-foot ceiling height and a separate egress, presenting further leasing opportunities. Ample parking is available on-site, catering to the needs of tenants and clients. The property's excellent condition and high occupancy rate make it an attractive investment for discerning buyers seeking strong returns in a prime location. The asking price is $1,400,000. This is a rare opportunity to acquire a nearly fully leased, modern commercial building in a highly desirable area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2019
Construction FRAME
Total area 5,840 SF
Lot 1.01 ac (44,213 SF)
Zoning code C-I
APN LOND M:006 L:038-0
UPID US58-0607135

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Alternative Medicine Practice Spa & Massage Center

Location

6 Mohawk Dr Londonderry, NH 03053-3707
Londonderry metro Census 3901 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.65M
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$1.41M

Owner & transaction history

Zoning & alternative use

C-I · Londonderry, NH
Zoning description

The five commercial sub-districts (C-I, C-II, C-III, C-IV, and MUC) are designed to provide areas for commercial development to include, but not limited to, retail businesses, financial institutions, service oriented bus…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.5M +39.7%
Commercial (general) $1.3M +22.3%
Retail stores $1.3M +14.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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