Building Details

Building Size 6,506 SF

Year Built 1986

Stories 2

Listing Agency: Better Homes & Gardens Real Estate/The Masiello Group s***@masiello.com Show Phone

Listed By: Heath Taylor Show Phone

Source: Integrityhomesrealestategroup

Added: May 2, 2025 Changed: Oct 30 Last Checked: Oct 30 at 2:16PM

Report an Issue

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 Better Homes & Gardens Real Estate/The Masiello Group

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 6,506-square-foot flex condominium in Portsmouth includes multiple private offices, a reception area, two bathrooms with showers, and two storage rooms. An expansive open work area is complemented by a loading dock, rear man door, and ramp access to a garage door at the back of the building. The property was built in 1986 and is zoned Industrial.

Located on West Road, the property is described as minutes from Route 1 and major highway access.

Key Highlights

• 6,506‑square‑foot flex condominium
• Multiple private offices and a reception area
• Two bathrooms with showers and two storage areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,238

Cap Rate

5.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$804,760 $804.8K

Cap Rate 7%

$574,829 $574.8K

Cap Rate 9%

$447,089 $447.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,506 SF

Gross rent

$61.7K $9.48/SF

− Vacancy

−$4.2K −$0.64/SF

EGI

$57.5K $8.84/SF

− OpEx

−$17.2K −$2.65/SF

NOI

$40.2K $6.18/SF

Area

Rockingham County, NH

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$804,760

Cap Rate 7%

$574,829

Cap Rate 9%

$447,089

Alternative Uses

Best Use

Flex RnD

$1.07M

$932.1K – $1.24M (±1% cap)

NOI $74,567 @ 7.0% cap · market cap 9.94%

Second Best

Industrial

$574.8K

$503.0K – $670.6K (±1% cap)

NOI $40,238 @ 7.0% cap · market cap 5.37%

Theoretical Best

Office A

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $151,622 @ 7.0% cap · market cap 20.22%

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

Flightspares Logistics Company J & P Chassiswerks Auto Parts Store Gain Strength and Conditioning Gym & Fitness Center Pratt Abbott Uniform ... (Bike/Boat/Book/etc) Store New England Truck ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Locksmith Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

457

Businesses Nearby

Balanced

Demand for This Use

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 Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar For Sale Nearby

See more

Two-Building Flex Industrial Site

3601 Lafayette Road, Portsmouth, NH 03801

$1,300,000

2,615 SF

View details

Flex Space with Loading Dock

953 Islington Street, Portsmouth, NH 03801

Contact for pricing

2,997 SF

View details

Flex Space with Overhead Doors

930 Us Highway 1 Byp, Portsmouth, NH 03801

$825,000

View details

Industrial Flex Property with Drive-In Doors

3601 Lafayette Road, #Investment, Business Oppurtunity, Portsmouth, NH 03801

$1,300,000

4.50 Acres

View details

Flex Space with Loading Docks

124 Heritage Avenue, Portsmouth, NH 03801

Contact for pricing

77,451 SF

View details

Downtown Mixed-Use Property

84-88 Pleasant St, Portsmouth, NH 03801

$1,750,000

7,165 SF

View details

Historic Multifamily Property

53 Austin Street, Portsmouth, NH 03801

$3,600,000

7,648 SF

View details

First-Floor Corner Office Suite

1 Cate St #1A, Portsmouth, NH 03801

$750,000

2,420 SF

View details

Recently Built Office Units

1-54 Maplewood Ave, Portsmouth, NH 03801

$3,440,000

4,862 SF

View details

Full-Floor Office Condominium

25 Maplewood Avenue, Portsmouth, NH 03801

$4,500,000

View details

Historic Storefront with Finished Basement

22 Ladd St Unit A, Portsmouth, NH 03801

$815,000

2,072 SF

View details

Mixed-Use Property with Detached Commercial Space

92 Cass Street, Portsmouth, NH 03801

$1,225,000

3,017 SF

View details

Similar Off Market Nearby

• Ikko Hibachi & Sushi Catering — 2466 Lafayette Rd, Portsmouth, NH 03801

Frequently Asked Questions

What type of property is this?

Flex space - Private offices, open workspace, and rear loading access provide a versatile commercial layout.

Where is this flex space located?

The property is located at 270 West Road #1 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: 6,506‑square‑foot flex condominium; Multiple private offices and a reception area; Two bathrooms with showers and two storage areas