Retail Building on Portsmouth
97 Portsmouth Avenue Exeter, NH 03833
For Sale
$750,000
Pending
3200 sq ft retail building with ample parking.
Property Size3,200 SF
Lot Size0.40 Acres
Days on Market1148
Property Features for 97 Portsmouth Avenue
General Information
Standard status
Pending
Size
3,200 SF
Lot size
0.40 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1965
Listing Agency:
EXP Realty
(617) 259-0810
Listed By:
Bill Riffert
(617) 259-0810
Source:
Exitrealty
Added: Jun 8, 2023
Changed: Jul 6
Last Checked: Jul 23 at 7:52AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This 3200 sq ft building is situated on a 0.40 acre lot and features commercial zoning, offering various possibilities for prospective businesses. Located on Portsmouth Avenue in Exeter, New Hampshire, the property benefits from a high traffic volume of over 20,000 vehicles per day. The location is approximately 0.5 miles from Route 101. Currently operating as a dry cleaner and laundromat, the property could continue as such or be adapted for other commercial uses.
Key Highlights
- High‑traffic location on Portsmouth Avenue with 20,000+ vehicles per day (VPD)
- Ample parking on a .40 acre lot
- 3200 sq ft building
Financial Insights For Retail
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 | $69.1k | $21.60 |
| − Vacancy | −$4.5k | −$1.40 |
| EGI | $64.6k | $20.20 |
| − OpEx | −$19.4k | −$6.06 |
| NOI | $45.2k | $14.14 |
3,200 SF · lease $21.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$646.3K
$565.5K – $754.0K
NOI $45,239 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$932.2K – $1.24M
NOI $74,576 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 3200 sq ft retail building with ample parking.
Where is this retail space located?
The property is located at 97 Portsmouth Avenue Exeter, 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: High‑traffic location on Portsmouth Avenue with 20,000+ vehicles per day (VPD); Ample parking on a .40 acre lot; 3200 sq ft building
