Historic Storefront with Finished Lower
For Sale
$815,000
22 Ladd Street, Portsmouth, NH 03801
Finished lower-level space expands the unit’s usable commercial area.
Property Size2,072 SF
Price / SF$393.34
Days on Market96
Property Features for 22 Ladd Street
General Information
Standard status
Active
Size
2,072 SF
Property subtype
Commercial
Additional Details
Floor
First Floor, Lower Level
Highway Access
Yes
Building Details
Year Built
1860
Construction
brick
Listing Agency:
The Boulos Company
Listed By:
Christian Stallkamp · License #064644
(603) 828-3818
Source:
Burkelordrealestate
Added: Jul 26
Changed: Oct 28
Last Checked: Oct 28 at 8:52AM
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 The Boulos Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property includes 2,072± SF arranged across a 1,171± SF first floor and a 901± SF finished lower level. The building dates to 1860 and features exposed brick character along with expansive city views, combining historic architectural elements with flexible interior space.
Positioned in Portsmouth’s Historic District, the property is surrounded by established businesses, restaurants, and shops. It is adjacent to the Hanover Parking Garage and within walking distance of downtown Portsmouth. Interstate access is approximately 5 minutes away via Exit 7 from I-95.
Positioned in Portsmouth’s Historic District, the property is surrounded by established businesses, restaurants, and shops. It is adjacent to the Hanover Parking Garage and within walking distance of downtown Portsmouth. Interstate access is approximately 5 minutes away via Exit 7 from I-95.
Key Highlights
- 2,072± SF total, including 1,171± SF on the first floor and 901± SF on the lower level
- Finished lower level provides additional usable commercial space
- 1860 building with distinctive brick character and expansive city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,292
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,840
$585.8K
Cap Rate 7%
$418,457
$418.5K
Cap Rate 9%
$325,467
$325.5K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$44.8K $21.60/SF
− Vacancy
−$2.9K −$1.40/SF
EGI
$41.8K $20.20/SF
− OpEx
−$12.6K −$6.06/SF
NOI
$29.3K $14.14/SF
Area
Rockingham County, NH
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,840
Cap Rate 7%
$418,457
Cap Rate 9%
$325,467
Alternative Uses
Best Use
Retail
$418.5K
$366.2K – $488.2K
NOI $29,292 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.8K
$603.6K – $804.8K
NOI $48,288 @ 7.0% cap · market cap 5.92%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,602
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 64%
Shops & Services 24%
Dining 10%
Home Improvements & Furnishings 3%
Hilton Garden Inn Portsmouth Downtown
Hotels & Casinos
12,451 visits/mo
0.1 miles
Hampton Inn & Suites Portsmouth
Hotels & Casinos
9,382 visits/mo
0.2 miles
Residence Inn Portsmouth Downtown/Waterfront
Hotels & Casinos
8,761 visits/mo
0.2 miles
Sheraton Portsmouth Harborside Hotel
Hotels & Casinos
8,034 visits/mo
0.3 miles
La Carreta
Dining
5,807 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Tiger Lilies Floral Boutique — Portsmouth, NH 03801
- Green Stem Designs — Floral Design Studio, Portsmouth, NH 03000
- Flowers and Forties Media — 7 portwalk pl, portsmouth, nh 03801
Frequently Asked Questions
What type of property is this?
Storefront property - Finished lower-level space expands the unit’s usable commercial area.
Where is this storefront property located?
The property is located at 22 Ladd Street Portsmouth, NH.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 2,072± SF total, including 1,171± SF on the first floor and 901± SF on the lower level; Finished lower level provides additional usable commercial space; 1860 building with distinctive brick character and expansive city views
