Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    33 Deer St Portsmouth, NH 03801

    Sponsored
    For Lease
    Contact for pricing

    Commercial For Lease - Portsmouth, NH

    Days on Market:
    20
    Last Refresh:
    Feb 4 at 1:06 pm

    Property Features for 33 Deer St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CD5
    EntryLevel
    1

    Building Details

    Year built
    1987
    Number of units
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Tiffany Semprini

    The Aland Realty Group, LLC (207) 251-4762

    Listing agent Tiffany Semprini (603) 501-0463

    Listing date Jan 16, 2026

    MLS# 5074248 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail/Office Space in Portsmouth

    This retail/office space is situated on Deer Street in the revitalized North End of Portsmouth. The interior has been updated with fresh paint and new flooring. The unit features a patio/outdoor space that adjoins the Sheraton Hotel and Conference Center. One underground parking space is included with the rent. Central air is available. Rent includes water, sewer, and trash.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Essex Aviation Group, ... Aviation Consultant Dry Cellar Cafe & Coffee Shop Novus Public Affairs Advertising Agency Avelon Home Home Decor Store Sea Love | A Candle ... Home Decor Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.759789
    Latitude
    43.079442

    Nearby Similar for Lease

    • Contact for pricing

      Portsmouth Office Building For Lease

      Office building for lease with high visibility and signage.
      3201 Lafayette Rd, Portsmouth, NH 03801
      View Details
    • Contact for pricing

      Downtown Portsmouth Office Suites Available

      Move-in-ready office suites in a vibrant downtown location.
      10 Vaughan St, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      4,792 SF

      Prime Portsmouth Commercial Space Available

      1,470 SF office/retail space in high-traffic Portsmouth location.
      1290 Woodbury Ave, Portsmouth, NH 03801
      View Details
    • $11 SF/Yr
      3,921 SF

      Portsmouth Commercial Space For Lease

      Commercial space with overhead doors, near Interstate 95.
      500 Maplewood Ave, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      52,272 SF

      Turnkey Tire Shop on Route 1

      High-volume tire shop for lease near I-95 in Portsmouth.
      500 Maplewood Ave, Portsmouth, NH 03801
      View Details
    • Contact for pricing

      Downtown Portsmouth Office Space Available

      Move-in-ready office suites in a vibrant, walkable downtown location.
      10 Vaughan St, Portsmouth, NH 03801
      View Details
    • $10 SF/Yr
      8,202 SF

      Portsmouth Office Space For Lease

      Versatile office space available for lease in Portsmouth, New Hampshire.
      500 Maplewood Ave, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      48,787 SF

      Portsmouth Office Space For Lease

      Versatile office space in Portsmouth, accessible from city or bypass.
      500 Maplewood Ave, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      174,240 SF

      Prime Portsmouth Commercial Space Available

      High-traffic location suitable for retail, medical, restaurant, or office use.
      750 Lafayette Rd, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      1,500 SF

      Professional Office Space For Lease

      Individual offices for healthcare practitioners and therapists in Portsmouth, NH.
      4 Greenleaf Woods Dr, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      174,240 SF

      Versatile Commercial Space on Lafayette Road

      Adaptable space suitable for medical, retail, restaurant, or office use.
      750 Lafayette Rd, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      61,855 SF

      Prime Retail Space on Route 1

      7,000 SF retail space in high-visibility Portsmouth location.
      2299 Lafayette Rd, Portsmouth, NH 03801
      View Details

    FAQs

    What type of property is this?
    Office space - Updated retail/office space with patio in revitalized North End.
    Where is this office space located?
    The property is located at 33 Deer St Portsmouth, NH.
    What are key features of this property?
    This property features: - Prime location on desirable Deer Street in Portsmouth's revitalized North End.; - Newly updated interior with fresh paint and new flooring.; - Generous patio/outdoor space adjacent to the Sheraton Hotel and Conference Center.
    (603) 770-4531
    Request Owner's contact information
    33 Deer St Portsmouth, NH 03801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    33 Deer St
    Portsmouth, NH 03801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    33 Deer St Portsmouth, NH 03801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tiffany Semprini
    (603) 770-4531
    Learn more
    Google sign-in failed. Please try again or use another login method.