Manufacturing Property with Industrial
For Sale
Contact for pricing
3600 Lafayette Rd, Portsmouth, NH 03801
Industrial property with public water and sewer connectivity and access to multiple regional transportation routes.
Property Size12,500 SF
Lot Size4.50 Acres
Price / SF$360
Days on Market520
Property Features for 3600 Lafayette Rd
General Information
Standard status
Active
Size
12,500 SF
Lot size
4.50 Acres
Property subtype
INDUSTRIAL
Zoning
Gateway Zone
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Tenancy
Single
Listing Agency:
Samonas Realty
(603) 988-7824
Listed By:
Andrew Samonas
(603) 988-7824
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Aug 16
Last Checked: Aug 20 at 4:24AM
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 Samonas Realty
Investment Insights
Based on property information with market context.
This 4.5-acre manufacturing property includes a 12,500-square-foot building in Portsmouth’s Gateway Zone. The site has been occupied by a single user since original construction and is currently used for truck fabrication and painting. No floor drains are installed on the property.
Public water and sewer connectivity supports the site, while access is available to I-95, Route 1, and Route 16, also known as the Spaulding Turnpike. Portsmouth International Airport and other regional hubs are minutes away. The property information identifies potential applications including industrial or warehouse use, distribution, office, retail, car service, medical office or outpatient use, and multifamily residential, subject to applicable approvals where required.
Public water and sewer connectivity supports the site, while access is available to I-95, Route 1, and Route 16, also known as the Spaulding Turnpike. Portsmouth International Airport and other regional hubs are minutes away. The property information identifies potential applications including industrial or warehouse use, distribution, office, retail, car service, medical office or outpatient use, and multifamily residential, subject to applicable approvals where required.
Key Highlights
- 4.5‑acre manufacturing property in Portsmouth’s Gateway Zone
- 12,500‑square‑foot industrial building
- Public water and sewer connectivity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$151,725
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,034,500
$3.0M
Cap Rate 7%
$2,167,500
$2.2M
Cap Rate 9%
$1,685,833
$1.7M
Market Conditions
NOI Build-Up for 12,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$187.5K $15.00/SF
− Vacancy
−$9.0K −$0.72/SF
EGI
$178.5K $14.28/SF
− OpEx
−$26.8K −$2.14/SF
NOI
$151.7K $12.14/SF
Area
Strafford County, NH
Vacancy
4.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,034,500
Cap Rate 7%
$2,167,500
Cap Rate 9%
$1,685,833
Alternative Uses
Best Use
Warehouse
$2.17M
$1.90M – $2.53M
NOI $151,725 @ 7.0% cap · market cap 3.37%
Second Best
Industrial
$1.92M
$1.68M – $2.24M
NOI $134,379 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$3.34M
$2.93M – $3.90M
NOI $234,090 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial property with public water and sewer connectivity and access to multiple regional transportation routes.
Where is this manufacturing property located?
The property is located at 3600 Lafayette Rd Portsmouth, NH.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 4.5‑acre manufacturing property in Portsmouth’s Gateway Zone; 12,500‑square‑foot industrial building; Public water and sewer connectivity
