Two-Building Flex Industrial
For Sale
$1,300,000
3601 Lafayette Road, Portsmouth, NH 03801
Two commercial buildings on 4.5 acres include offices and a rear workshop/warehouse with four drive-in doors.
Property Size2,615 SF
Lot Size4.50 Acres
Price / SF$497.13
Days on Market187
Property Features for 3601 Lafayette Road
General Information
Standard status
Active
Size
2,615 SF
Lot size
4.50 Acres
Property subtype
Commercial
Zoning
G-1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
4
Listing Agency:
Samonas Realty,LLC
Listed By:
Stephen McCann
(603) 234-3400
Source:
Mbgre
Added: Apr 16
Changed: Oct 16
Last Checked: Oct 19 at 9:25AM
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,LLC
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Investment Insights
Based on property information with market context.
The property offers two commercial buildings on a 4.5-acre lot. The most recent use was an HVAC business, with offices located in the front building and a workshop/warehouse area in the back building. The back building includes four drive-in doors, supported by a large open graveled area for equipment storage and laydown. Public water and city sewer are available, and ample parking is provided.
Located along Portsmouth’s Gateway Corridor with exposure to high traffic on busy Route 1, the site provides easy access to major routes. The property is zoned G-1, which allows for development, investment, and business opportunities.
Located along Portsmouth’s Gateway Corridor with exposure to high traffic on busy Route 1, the site provides easy access to major routes. The property is zoned G-1, which allows for development, investment, and business opportunities.
Key Highlights
- Two commercial buildings on 4.5 acres along Portsmouth’s Gateway Corridor with high traffic exposure on Route 1
- G‑1 zoning allows development, investment, and business opportunities
- Front building with offices; rear workshop/warehouse includes 4 drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,891
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,820
$897.8K
Cap Rate 7%
$641,300
$641.3K
Cap Rate 9%
$498,789
$498.8K
Market Conditions
NOI Build-Up for 2,615 SF
Gross rent
$69.0K $26.40/SF
− Vacancy
−$9.2K −$3.51/SF
EGI
$59.9K $22.89/SF
− OpEx
−$15.0K −$5.72/SF
NOI
$44.9K $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%
$897,820
Cap Rate 7%
$641,300
Cap Rate 9%
$498,789
Alternative Uses
Best Use
Office B
$641.3K
$561.1K – $748.2K
NOI $44,891 @ 7.0% cap · market cap 3.45%
Second Best
Flex RnD
$428.2K
$374.6K – $499.5K
NOI $29,971 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$870.6K
$761.8K – $1.02M
NOI $60,942 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Balanced
Demand for This Use
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Two commercial buildings on 4.5 acres include offices and a rear workshop/warehouse with four drive-in doors.
Where is this flex space located?
The property is located at 3601 Lafayette Road Portsmouth, NH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two commercial buildings on 4.5 acres along Portsmouth’s Gateway Corridor with high traffic exposure on Route 1; G‑1 zoning allows development, investment, and business opportunities; Front building with offices; rear workshop/warehouse includes 4 drive‑in doors
