Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Exeter Mixed-Use Property For Sale Title is generated by Realmo AI

    3 Portsmouth Ave, Exeter, NH 03833

    View on Map
    Claim this Listing
    For Sale
    $925,000

    Charming New England property with residential and mixed-use potential.

    Type:Commercial
    Added:
    May 20, 2026
    Days on Market:
    8
    Last Refresh:
    May 20 at 9:57 am

    Property Features for 3 Portsmouth Ave

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1865

    We can help!

    Listing Contact
    Mia Smith

    Listing agent Mia Smith

    Listing office keller williams coastal realty

    Listing date May 20, 2026

    Source Elliman

    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 keller williams coastal realty

    HighLights

    • Mixed‑use potential for residential and commercial occupancy.
    • Highly visible and convenient location near Downtown Exeter.
    • Close proximity to local shops, restaurants, and commuter routes.
    • Four bedrooms and four bathrooms.
    • Well‑maintained New England property with thoughtful updates.
    • Beautiful wide‑plank hardwood floors.

    Overview

    Located at 3 Portsmouth Avenue in Exeter, New Hampshire, this property offers residential charm and mixed-use potential in a visible and convenient location. Situated on the corner of Portsmouth Avenue and Auburn Street, this New England property is suitable for homeowners, investors, or entrepreneurs seeking a live/work opportunity near Downtown Exeter, local shops, restaurants, and commuter routes. The property features 4 bedrooms, 4 bathrooms, wide-plank hardwood floors, updates, and living spaces. The layout and location accommodate professional office space, boutique business use, rental potential, or a combination of residential and commercial occupancy. It can serve as a primary residence, an investment opportunity, or a mixed-use property. The bike score is 38, indicating it is somewhat bikeable, and the walk score is 34, indicating car-dependent accessibility.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Exeter
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.9410664
    Latitude
    42.9812435

    Nearby Similar for Sale

    • $700,000
      6,476 SF

      Exeter Retail Investment Opportunity

      6,374 SF retail building in Exeter, NH for sale.
      151 Front Street, Exeter, NH 03833
      View Details
    • $750,000
      3,200 SF

      Retail Building on Portsmouth Avenue

      3200 sq ft retail building with ample parking.
      97 Portsmouth Avenue, Exeter, NH 03833
      View Details
    • $719,000
      2,240 SF

      Exeter Multi-Family Investment Opportunity

      Renovated duplex near downtown Exeter with strong rental potential.
      17-19 Dartmouth Street, Exeter, NH 03833
      View Details
    • $1,420,000
      2,700 SF

      Veterinary Practice with Real Estate

      Profitable veterinary practice with real estate in desirable location.
      7A Hampton Road, Exeter, NH 03833
      View Details
    • $259,900
      1,100 SF

      Prime Commercial Opportunity on Route 125, Brentwood, NH

      330 Nh 125, Exeter, NH 03833
      View Details
    • $925,000

      Updated Multifamily Property in Exeter

      Three-unit property near Phillips Exeter Academy, move-in ready.
      155 Court St, Exeter, NH 03833
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Charming New England property with residential and mixed-use potential.
    Where is this mixed-use property located?
    The property is located at 3 Portsmouth Ave Exeter, NH.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Mixed‑use potential for residential and commercial occupancy.; Highly visible and convenient location near Downtown Exeter.; Close proximity to local shops, restaurants, and commuter routes.
    (207) 698-0786
    We can help!
    Listing Contact
    Mia Smith
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3 Portsmouth Ave, Exeter, NH 03833
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!