Compact Medical Office
For Sale
$94,160
230 Lafayette Rd Unit 11D, Portsmouth, NH 03801
A private, in-suite restroom medical office suite with ample on-site parking and easy access to major routes.
Property Size428 SF
Price / SF$220
Days on Market139
Property Features for 230 Lafayette Rd Unit 11D
General Information
Standard status
Active
Size
428 SF
Class
B
Property subtype
Medical Office Condominium
Additional Details
Highway Access
Yes
Building Details
Building Size
428 SF
Listing Agency:
The Boulos Company
Listed By:
Roger Dieker · License #NH #062614
(603) 540-8315
Source:
Boulos
Added: Jun 2
Changed: Oct 1
Last Checked: Oct 16 at 6:21AM
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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Investment Insights
Based on property information with market context.
230 Lafayette Road, Unit 11D is a compact medical office condominium within Lafayette Professional Park. The suite is designed for professional use and includes a private in-suite restroom, making it well-suited for day-to-day patient visits and practice operations.
The property offers ample on-site parking and convenient access to I-95 and Route 1. It is also about one mile to downtown Portsmouth, providing a practical balance of accessibility and proximity to services.
Unit 11D should appeal to new or expanding medical practices that want a convenient, professional setting without excess space. Its condominium configuration can also be an efficient option for buyers seeking an established medical-office environment with dedicated amenities like private restroom access and on-site parking.
The property offers ample on-site parking and convenient access to I-95 and Route 1. It is also about one mile to downtown Portsmouth, providing a practical balance of accessibility and proximity to services.
Unit 11D should appeal to new or expanding medical practices that want a convenient, professional setting without excess space. Its condominium configuration can also be an efficient option for buyers seeking an established medical-office environment with dedicated amenities like private restroom access and on-site parking.
Key Highlights
- Medical office condominium (Unit 11D) at 230 Lafayette Road, approx. 428± SF
- Private, in‑suite restroom
- Located in Lafayette Professional Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,347
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,940
$146.9K
Cap Rate 7%
$104,957
$105.0K
Cap Rate 9%
$81,633
$81.6K
Market Conditions
NOI Build-Up for 428 SF
Gross rent
$11.3K $26.40/SF
− Vacancy
−$1.5K −$3.51/SF
EGI
$9.8K $22.89/SF
− OpEx
−$2.4K −$5.72/SF
NOI
$7.3K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,940
Cap Rate 7%
$104,957
Cap Rate 9%
$81,633
Alternative Uses
Best Use
Office B
$105.0K
$91.8K – $122.5K
NOI $7,347 @ 7.0% cap · market cap 7.80%
Second Best
Healthcare Medical
$91.6K
$80.2K – $106.9K
NOI $6,414 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$142.5K
$124.7K – $166.3K
NOI $9,975 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A private, in-suite restroom medical office suite with ample on-site parking and easy access to major routes.
Where is this medical office space located?
The property is located at 230 Lafayette Rd Unit 11D Portsmouth, NH.
What is the asking price?
The asking price for this property is $94,160.
What are key features of this property?
This property features: Medical office condominium (Unit 11D) at 230 Lafayette Road, approx. 428± SF; Private, in‑suite restroom; Located in Lafayette Professional Park
