Office Suites with Elevator
For Sale
Contact for pricing
300 Constitution Avenue, Portsmouth, NH 03801
Second-floor suites offer flexible layouts, abundant windows, and convenient elevator service.
Property Size62,322 SF
Price / SF$0.01
Days on Market26
Property Features for 300 Constitution Avenue
General Information
Standard status
Active
Size
62,322 SF
Class
Class A
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
2nd Floor
Highway Access
Yes
Property Use
Office
Amenities
high ceilings
lots of windows
Building Details
Year Built
2013
Tenancy
Multi
Listing Agency:
Colliers International
(603) 433-7100
Listed By:
Andrew Ward · License #Andrew Ward
(603) 206-9655
Source:
Longviewcre
Added: Oct 7
Changed: Oct 28
Last Checked: Oct 31 at 9:31PM
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 Colliers International
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Investment Insights
Based on property information with market context.
Second-floor office suites in a 2013 building range from a 550± SF open-plan room to an 11,062± SF space. The larger suite includes three conference rooms, nine private offices, a kitchen and break room, an IT room, and a substantial open work area. Modern designer furniture is included with Suite 200. High ceilings and numerous windows characterize the suites, which are served by an elevator.
The property is 3.5± miles from downtown Portsmouth, 2.6± miles from I-95, and 0.6± miles from Route 1. Other tenants include X5 Home Loans, Global Laminates, TopMark Funding, Concord Electric, Asian Atlantic Industries, and NERACOOS.
The property is 3.5± miles from downtown Portsmouth, 2.6± miles from I-95, and 0.6± miles from Route 1. Other tenants include X5 Home Loans, Global Laminates, TopMark Funding, Concord Electric, Asian Atlantic Industries, and NERACOOS.
Key Highlights
- Suite options include 550± SF and 11,062± SF
- Suite 200 has 3 conference rooms and 9 offices
- Suite 200 includes a kitchen/break room, IT room, and open cube area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,069,857
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,397,140
$21.4M
Cap Rate 7%
$15,283,671
$15.3M
Cap Rate 9%
$11,887,300
$11.9M
Market Conditions
NOI Build-Up for 62,322 SF
Gross rent
$1.65M $26.40/SF
− Vacancy
−$218.8K −$3.51/SF
EGI
$1.43M $22.89/SF
− OpEx
−$356.6K −$5.72/SF
NOI
$1.07M $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%
$21,397,140
Cap Rate 7%
$15,283,671
Cap Rate 9%
$11,887,300
Alternative Uses
Best Use
Office B
$15.28M
$13.37M – $17.83M
NOI $1,069,857 @ 7.0% cap · market cap 118,873.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.75M
$18.16M – $24.21M
NOI $1,452,412 @ 7.0% cap · market cap 161,379.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor suites offer flexible layouts, abundant windows, and convenient elevator service.
Where is this office unit located?
The property is located at 300 Constitution Avenue Portsmouth, NH.
What are key features of this property?
This property features: Suite options include 550± SF and 11,062± SF; Suite 200 has 3 conference rooms and 9 offices; Suite 200 includes a kitchen/break room, IT room, and open cube area
