First-Floor Corner Office
For Sale
$750,000
1 Cate Street, Portsmouth, NH 03801
Brick walls and metal beams add architectural character to a quiet workplace.
Property Size2,420 SF
Price / SF$309.92
Days on Market96
Property Features for 1 Cate Street
General Information
Standard status
Active
Size
2,420 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Highway Access
Yes
Building Details
Year Built
1987
Construction
brick and metal beams
Listing Agency:
The Boulos Company
Listed By:
Christian Stallkamp · License #064644
(603) 828-3818
Source:
Aultcommercial
Added: Jul 26
Changed: Oct 27
Last Checked: Oct 28 at 8:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1987, this 2,420± SF office suite occupies a first-floor corner position with convenient access and a private working environment. Brick walls and metal beams bring distinctive architectural character, while expansive city views add visual interest to the workspace.
The property includes plenty of on-site parking and is positioned 5 minutes from downtown Portsmouth. I-95 and Route 16 are each approximately 1 mile away, providing access to the surrounding road network. The suite’s combination of floor-level accessibility, established construction, and distinctive interior elements supports a range of professional office uses.
The property includes plenty of on-site parking and is positioned 5 minutes from downtown Portsmouth. I-95 and Route 16 are each approximately 1 mile away, providing access to the surrounding road network. The suite’s combination of floor-level accessibility, established construction, and distinctive interior elements supports a range of professional office uses.
Key Highlights
- 2,420± SF office suite on the first floor
- Corner suite with brick walls and metal beams
- Expansive city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,543
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,860
$830.9K
Cap Rate 7%
$593,471
$593.5K
Cap Rate 9%
$461,589
$461.6K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$63.9K $26.40/SF
− Vacancy
−$8.5K −$3.51/SF
EGI
$55.4K $22.89/SF
− OpEx
−$13.8K −$5.72/SF
NOI
$41.5K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,860
Cap Rate 7%
$593,471
Cap Rate 9%
$461,589
Alternative Uses
Best Use
Office B
$593.5K
$519.3K – $692.4K
NOI $41,543 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$805.7K
$705.0K – $940.0K
NOI $56,398 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Explore this area
Business Placement
Demographics for 03801, NH
22,767
Population
11,448
Households
2
Avg Household Size
43
Median Age
63%
College-Educated
98%
High-School Grad
23.8 sq mi
ZIP Area
957
Density / Sq Mi
$106,520
Median Household Income
$65,984
Median Earnings
$1,783
Median Rent
$647,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Brick walls and metal beams add architectural character to a quiet workplace.
Where is this office unit located?
The property is located at 1 Cate Street Portsmouth, NH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,420± SF office suite on the first floor; Corner suite with brick walls and metal beams; Expansive city views
