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    Professional Office Space For Lease Title is generated by Realmo AI

    4 greenleaf woods Drive, Portsmouth, NH 03801

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    Commercial For Lease - Portsmouth, NH

    Property size:
    1,500 SF
    Added:
    May 26, 2022
    Days on Market:
    1458
    Last Refresh:
    May 22 at 2:06 am

    Property Features for 4 greenleaf woods Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    gateway
    EntryLevel
    3
    Standard status
    Active
    Size
    1,500 SF

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1987
    Number of units
    6
    Architectural style
    Other

    We can help!

    Listing Contact
    James Ward
    James Ward

    Listing agent James Ward

    Listing office Equity Group Real Estate Broker Inc. 264 Lafayette Rd #10, Suite 103, NH

    Listing date May 26, 2022

    MLS# 4912104 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.

    HighLights

    • Flexible lease terms and sizes available, from 100‑1400 sf, starting at $500/month, including utilities and internet.
    • Prime location: Enjoy easy access to Rt. 1 and I‑95, with stores, fitness options, restaurants, and nature trails within walking distance.
    • Ample on‑site parking, avoiding downtown parking hassles.
    • Recently upgraded unit and building.
    • Well‑maintained and managed professional office complex with a campus setting.
    • Abundant natural light with views of tidal flats from windows on 3 sides.

    Overview

    Available for lease are individual offices ranging from 100 to 1400 square feet, suitable for healthcare practitioners and therapists. The professional office is located in a complex with a campus setting, offering easy access and views. Situated on the edge of downtown Portsmouth, New Hampshire, the location provides ample on-site parking and is within walking distance of stores, fitness facilities, restaurants, and nature trails. The property is located just off Route 1 at the bypass and 2 miles from I-95. The flexible floor layout includes 7 offices, a reception area, conference room, IT/storage rooms, a kitchenette, and a private bathroom with shower. The unit and building have been recently upgraded. The space benefits from plenty of natural light, with windows on three sides offering views of tidal flats. The property is well-maintained and managed. Lease terms are flexible, and utilities and internet are included. The property is ideally suited for professional office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Financial Advisor New Life Community Church New Life Community ... Association Or Organization Heart Stone Energy Alternative Medicine Practice Dealer Income Development Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.770529
    Latitude
    43.053685

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    FAQs

    What type of property is this?
    Office units - Individual offices for healthcare practitioners and therapists in Portsmouth, NH.
    Where is this office units located?
    The property is located at 4 greenleaf woods Drive Portsmouth, NH.
    What are key features of this property?
    This property features: Flexible lease terms and sizes available, from 100‑1400 sf, starting at $500/month, including utilities and internet.; Prime location: Enjoy easy access to Rt. 1 and I‑95, with stores, fitness options, restaurants, and nature trails within walking distance.; Ample on‑site parking, avoiding downtown parking hassles.
    (603) 448-8000
    We can help!
    Listing Contact
    James Ward
    James Ward
    Real Estate License ID: 4786
    Learn More
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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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