Office Condominium with Dedicated
For Sale
Contact for pricing
118 Maplewood Ave, Portsmouth, NH 03801
Downtown Portsmouth office condominium with a functional layout, private restroom, and two dedicated on-site parking spaces.
Property Size951 SF
Price / SF$473.19
Days on Market61
Property Features for 118 Maplewood Ave
General Information
Standard status
Active
Size
951 SF
Total Parking Spaces
2
Property subtype
OFFICE
Listing Agency:
The Boulos Company
(603) 973-4256
Listed By:
Katherine Gemmecke · License #064644
(603) 973-4256
Source:
Moodyscre
Added: Jun 1
Changed: Jul 30
Last Checked: Jul 30 at 4:25PM
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
Investment Insights
Based on property information with market context.
118 Maplewood Ave, Unit C-1 is a 951± SF office condominium in a well-maintained building in downtown Portsmouth. The space offers an efficient layout with three private offices, plus a conference room that can also serve as a fourth private office. The suite includes a kitchenette, storage area, and a private restroom, supporting a range of professional office uses.
The unit is offered with two dedicated on-site parking spaces, providing convenient access for employees and visitors.
This office condominium configuration is well-suited for professional users seeking a dedicated downtown workplace within a condominium setting.
The unit is offered with two dedicated on-site parking spaces, providing convenient access for employees and visitors.
This office condominium configuration is well-suited for professional users seeking a dedicated downtown workplace within a condominium setting.
Key Highlights
- 951± SF office condominium in Unit C‑1
- Efficient layout with three private offices
- Conference room can serve as a fourth private office
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.0k | $21.00 |
| − Vacancy | −$2.7k | −$2.79 |
| EGI | $17.3k | $18.21 |
| − OpEx | −$4.3k | −$4.55 |
| NOI | $13.0k | $13.66 |
951 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$185.5K
$162.3K – $216.4K
NOI $12,986 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$254.4K
$222.6K – $296.8K
NOI $17,810 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,561
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Downtown Portsmouth office condominium with a functional layout, private restroom, and two dedicated on-site parking spaces.
Where is this office units located?
The property is located at 118 Maplewood Ave Portsmouth, NH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 951± SF office condominium in Unit C‑1; Efficient layout with three private offices; Conference room can serve as a fourth private office
