Office Unit with Dedicated
For Sale
Contact for pricing
303 Islington Street, Portsmouth, NH 03801
A reception area, conference room, and separate offices provide distinct spaces for greeting visitors, meetings, and focused work.
Property Size1,430 SF
Price / SF$2.80
Days on Market93
Property Features for 303 Islington Street
General Information
Standard status
Active
Size
1,430 SF
Total Parking Spaces
8
Property subtype
Commercial
Additional Details
Property Use
Office
Listing Agency:
Longview Commercial Real Estate
Listed By:
Andrew Paluch
(802) 772-5052
Source:
Longviewcre
Added: Jul 30
Changed: Oct 28
Last Checked: Oct 28 at 3:38PM
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 Longview Commercial Real Estate
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Investment Insights
Based on property information with market context.
At 303 Islington Street in Portsmouth, this 1,430-square-foot office unit includes a reception area, a conference room adjoining the reception space, and several separate offices. The layout provides distinct areas for visitor arrivals, meetings, and private work.
Eight dedicated parking spaces are located behind the office, with street parking also available. The property is just outside downtown Portsmouth.
Eight dedicated parking spaces are located behind the office, with street parking also available. The property is just outside downtown Portsmouth.
Key Highlights
- 1,430‑square‑foot office unit at 303 Islington Street, Portsmouth, NH
- Reception area and adjoining conference room
- Several separate offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,548
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,960
$491.0K
Cap Rate 7%
$350,686
$350.7K
Cap Rate 9%
$272,756
$272.8K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$37.8K $26.40/SF
− Vacancy
−$5.0K −$3.51/SF
EGI
$32.7K $22.89/SF
− OpEx
−$8.2K −$5.72/SF
NOI
$24.5K $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%
$490,960
Cap Rate 7%
$350,686
Cap Rate 9%
$272,756
Alternative Uses
Best Use
Office B
$350.7K
$306.9K – $409.1K
NOI $24,548 @ 7.0% cap · market cap 613.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,326 @ 7.0% cap · market cap 833.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,846
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 - A reception area, conference room, and separate offices provide distinct spaces for greeting visitors, meetings, and focused work.
Where is this office unit located?
The property is located at 303 Islington Street Portsmouth, NH.
What are key features of this property?
This property features: 1,430‑square‑foot office unit at 303 Islington Street, Portsmouth, NH; Reception area and adjoining conference room; Several separate offices
