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

    282 Corporate Dr, Unit 3 Portsmouth, NH 03801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,500 /Mo

    Studio/flex space near Pease International Tradeport, Portsmouth, NH.

    We can help!

    Listing Contact
    David Choate
    David Choate
    Source: Elliman

    Listing Agency: Colliers Listing Agent: David Choate

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

    Learn more

    Property Insight Report

    Overview

    Versatile Studio Space For Lease

    A 990 RSF (468 USF) studio/flex space is available for lease. The space, designated as Suite 3, features a private entrance and is located in the former Pease Officers Club and law office of Shaines & McEachern building. It is well-suited for studio uses such as yoga, barre, and pilates. The building will be the new home of Great Circle Catering, the private food provider for Port City Air at Pease International Tradeport. The property is located by the rear entrance to the Pease International Tradeport, close to the amenities that Pease has to offer, and a short 10-minute drive to downtown Portsmouth, NH.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beacon Investigative Solutions Law Firm Cloudburst Wine Brewery & Distillery Mc Eachern Alec Law Firm Doyle Peter V Law Firm Shaines & McEachern PA Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.7962993
    Latitude
    43.0719181

    Nearby Similar for Lease

    • New
      Contact for pricing

      Retail/Office Space in Portsmouth

      Updated retail/office space with patio in Portsmouth's North End.
      33 Deer St, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      4,792 SF

      Prime Portsmouth Commercial Space Available

      1,470 SF office/retail space in high-traffic Portsmouth location.
      1290 Woodbury Ave, Portsmouth, NH 03801
      View Details
    • Contact for pricing

      Downtown Portsmouth Office For Lease

      Office space for lease in downtown Portsmouth, available immediately.
      159 Middle St, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      48,787 SF

      Portsmouth Office Space For Lease

      Versatile office space in Portsmouth, accessible from city or bypass.
      500 Maplewood Ave, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      61,855 SF

      Prime Retail Space on Route 1

      7,000 SF retail space in high-visibility Portsmouth location.
      2299 Lafayette Rd, Portsmouth, NH 03801
      View Details
    • Contact for pricing

      Downtown Portsmouth Modern Office Space

      Modern office space in downtown Portsmouth with parking and amenities.
      299 Hanover St, Portsmouth, NH 03801
      View Details
    • $10 SF/Yr
      8,202 SF

      Portsmouth Office Space For Lease

      Versatile office space available for lease in Portsmouth, New Hampshire.
      500 Maplewood Ave, Portsmouth, NH 03801
      View Details
    • $11 SF/Yr
      3,921 SF

      Portsmouth Commercial Space For Lease

      Commercial space with overhead doors, near Interstate 95.
      500 Maplewood Ave, Portsmouth, NH 03801
      View Details
    • Contact for pricing

      Downtown Portsmouth Office Space Available

      Move-in-ready office suites in a vibrant, walkable downtown location.
      10 Vaughan St, Portsmouth, NH 03801
      View Details
    • Contact for pricing

      Downtown Portsmouth Office Suites Available

      Move-in-ready office suites in a vibrant downtown location.
      10 Vaughan St, Portsmouth, NH 03801
      View Details
    • Contact for pricing

      Downtown Portsmouth Office Space Available

      Move-in-ready office suites in a vibrant downtown location.
      10 Vaughan St, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      174,240 SF

      Prime Portsmouth Commercial Space Available

      High-traffic location suitable for retail, medical, restaurant, or office use.
      750 Lafayette Rd, Portsmouth, NH 03801
      View Details

    FAQs

    What type of property is this?
    Office units - Studio/flex space near Pease International Tradeport, Portsmouth, NH.
    Where is this office units located?
    The property is located at 282 Corporate Dr, Unit 3 Portsmouth, NH.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: - Private entrance to Suite 3.; - Flexible space, well-suited for studio space.; - Located near the rear entrance to Pease International Tradeport.
    (603) 433-7100
    Request Owner's contact information
    282 Corporate Dr, Unit 3 Portsmouth, NH 03801
    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.
    282 Corporate Dr, Unit 3
    Portsmouth, NH 03801
    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
    282 Corporate Dr, Unit 3 Portsmouth, NH 03801
    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!
    Listing Contact
    David Choate
    David Choate
    Real Estate License ID: 009108
    (603) 433-7100 (603) 661-5500 (949) 474-0707
    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!