Add Listing
    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

    92 Portsmouth Avenue Exeter, NH 03833

    View on Map
    For Lease
    Contact for pricing

    Commercial For Lease - Exeter, NH

    Lot size:
    1.49 Acres
    Added:
    Aug 12, 2025
    Days on Market:
    236
    Last Refresh:
    Apr 4 at 8:06 am

    Property Features for 92 Portsmouth Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C-2
    Standard status
    Active
    Lot size
    1.49 Acres

    Building Details

    Year built
    1940
    Number of units
    21
    Architectural style
    Other

    We can help!

    Listing Contact
    Peter Russell

    Listing agent Peter Russell

    Listing office Peter Russell & Associates 500 Market Street, Suite 15L, Portsmouth, NH

    Listing date Aug 12, 2025

    MLS# 5056077 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.

    Overview

    Exeter Commercial Space For Lease

    Located in Exeter, New Hampshire, this commercial space is situated within the Exeter Plaza. The property is zoned C-2 and occupies a 1.49-acre lot. The landmark building is suitable for retail, restaurants, and shopping centers. A prime tenant is New England Pizza.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Coinme at Coinstar - Bitcoin Kiosk — shaw's, 100 shaw's ln, stratham, nh 03885
    • Coinstar Kiosk | Bitcoin ATM — Hannaford Bros, 141 Portsmouth Ave, Exeter, NH 03833
    • Parkman Brook Shopping Center — 28 Portsmouth Ave, Stratham, NH 03885
    • Exeter Commons — 63-97 Portsmouth Ave, Exeter, NH 03833

    Location Insight

    • Map
    • Local Demand
    City
    Exeter
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.9359523
    Latitude
    42.9872007

    Nearby Similar for Lease

    • Contact for pricing

      Professional Office Space For Lease

      One-room office in professional setting with shared amenities, available April.
      137 Epping Road, Exeter, NH 03833
      View Details
    • Contact for pricing

      Exeter Commercial Space For Lease

      Commercial space suitable for gallery, showroom, or workspace.
      1 Rockingham Street, Exeter, NH 03833
      View Details
    • Contact for pricing

      Office Space Ready to Customize

      Unfinished office space available for build-out in Exeter, NH.
      18 Hampton Road, Exeter, NH 03833
      View Details
    • Contact for pricing

      Creative Space in Exeter, NH

      Converted factory building with open air studios for lease.
      1 Rockingham Street, Exeter, NH 03833
      View Details
    • Contact for pricing

      Downtown Exeter Office Space Available

      Professional office suite in downtown Exeter with flexible workspace.
      111 Water Street, Exeter, NH 03833
      View Details
    • Contact for pricing

      Exeter Showroom/Workspace Opportunity

      Open space suitable for gallery, showroom, or workspace.
      1 Rockingham St 2-F, Exeter, NH 03833
      View Details
    • $11/mo

      Industrial Unit with Office Space

      3,620 SF industrial unit with warehouse and office space.
      41 Industrial Dr, Exeter, NH
      View Details
    • Contact for pricing

      Renovated Retail Space in Exeter

      Newly renovated retail space in a convenient, visible Exeter location.
      137 Epping Road, Exeter, NH 03833
      View Details
    • $18/mo

      Medical Building Suites Available

      Medical suites for rent in premier outpatient building near Exeter Hospital.
      1 Hampton Rd, Exeter, NH
      View Details
    • Contact for pricing

      Exeter Retail Space For Rent

      Community shopping center in Exeter retail district, high traffic.
      75-93 Portsmouth Ave, Exeter, NH
      View Details
    • Contact for pricing

      Warehouse Distribution Facility For Rent

      Warehouse distribution facility available August 1, 2025 in Exeter.
      32 Industrial Dr, Exeter, NH
      View Details
    • $13/mo

      Class A Office Space Available

      Sublease opportunity in Exeter, NH, with flexible terms.
      100 Domain Dr, Exeter, NH
      View Details

    FAQs

    What type of property is this?
    Shopping center - Commercial space for lease in Exeter, New Hampshire.
    Where is this shopping center located?
    The property is located at 92 Portsmouth Avenue Exeter, NH.
    What are key features of this property?
    This property features: Landmark Building; Prime Tenant New England Pizza; Exeter Plaza Location
    (603) 498-3627
    We can help!
    Listing Contact
    Peter Russell
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!