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

    28 Portsmouth Ave Stratham, NH 03885

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available across from Market Basket with high traffic.

    Property size:
    17,579 SF
    Lot size:
    26.20 Acres

    Property Features for 28 Portsmouth Ave

    General Information

    Size
    17,579 SF
    Lot size
    26.20 Acres

    We can help!

    Listing Contact
    Mary Powers
    Mary Powers
    Source: Moodyscre

    Listing Agency: Atlantic Retail - Corporate Listing Agent: Mary Powers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space Near Market Basket

    This retail space offers 17,579 square feet of availability in a shopping center with a gross leasable area of 110,184 square feet. The location is directly across the street from Market Basket, benefiting from a traffic count of 20,000 vehicles per day. The property features a pylon sign on Route 108 and a signalized entrance. The available space was formerly occupied by Rite Aid.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stratham Breadbox Restaurant Generator Supercenter of New ... Hardware & Home Improvement Tailgate Tavern Restaurant higi Physician Harbor Freight Tools Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    Coinme at Coinstar - Bitcoin Kiosk, Coinstar Kiosk | Bitcoin ATM, Parkman Brook Shopping Center, Kings Highway Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Stratham
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.923193
    Latitude
    42.9983

    Nearby Similar for Lease

    • Contact for pricing
      87,991 SF

      Remodeled Office Space in Stratham

      Recently remodeled office space with excellent visibility and easy access.
      81 Portsmouth Ave, Stratham, NH 03885
      View Details
    • Contact for pricing
      87,991 SF

      Stratham Office Space For Lease

      Highly visible Stratham office space for lease on Route 108/33.
      81 Portsmouth Ave, Stratham, NH 03885
      View Details
    • $1,595 /Mo

      Remodeled Office Space in Stratham

      Recently remodeled 1095 SF office space for lease.
      81 Portsmouth Ave, Stratham, NH 03885
      View Details
    • $2,500 /Mo

      Stratham Office Space For Lease

      Highly visible Stratham office space for lease on Route 108/33.
      81 Portsmouth Ave, Stratham, NH 03885
      View Details
    • $4,500 /Mo

      Stratham Office Suite For Lease

      3,000 SF office suite in Stratham town center.
      155 Portsmouth Ave, Stratham, NH 03885
      View Details
    • $15 SF/Yr

      Highly Visible Office/Medical Space

      Adaptable office and medical space with high visibility and accessibility.
      118 Portsmouth Ave, Stratham, NH 03885
      View Details
    • $15 SF/Yr
      246,000 SF

      Domain Drive Flex Space Available

      Large Flex Space, Rockingham County
      200 Domain Dr, Stratham, NH 03885
      View Details
    • $15 SF/Yr
      40,000 SF

      Class A Office Space, Stratham, NH

      Premium Office Suites Available Now
      118 Portsmouth Ave, Stratham, NH 03885
      View Details
    • Contact for pricing
      10,000 SF

      Office Park Cafe Space Available

      Prime Office Park Cafe Space - 2,500 SF
      118 Portsmouth Ave, Stratham, NH 03885
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Parkman Brook

      Retail space available in a busy shopping center.
      20 Portsmouth Ave, Stratham, NH 03885
      View Details
    • Contact for pricing
      94,000 SF

      Repositioned Corporate Headquarters Space Available

      94,000 SF corporate headquarters space available Q4 2023.
      200 Domain Dr, Stratham, NH 03885
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available across from Market Basket with high traffic.
    Where is this shopping center located?
    The property is located at 28 Portsmouth Ave Stratham, NH.
    What are key features of this property?
    This property features: - Directly across the street from Market Basket; - 17,579 SF former Rite Aid available; - GLA: 110,184
    (617) 239-3600 Call to check price and availability
    Request Owner's contact information
    28 Portsmouth Ave Stratham, NH 03885
    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.
    28 Portsmouth Ave
    Stratham, NH 03885
    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
    28 Portsmouth Ave Stratham, NH 03885
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mary Powers
    Mary Powers
    (617) 239-3600 (617) 369-5915
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!