Industrial Flex Property with Two
3601 Lafayette Rd Portsmouth, NH 03801
For Sale
Contact for pricing
Two commercial buildings on 4.5 acres include office space, a workshop/warehouse, and four drive-in doors.
Property Size3,980 SF
Price / SF$326.63
Days on Market38
Property Features for 3601 Lafayette Rd
General Information
Standard status
Active
Size
3,980 SF
Property subtype
RETAIL
Listing Agency:
Samonas Realty
(603) 988-7824
Listed By:
Andrew Samonas
(603) 988-7824
Source:
Moodyscre
Added: Jun 23
Changed: Jul 26
Last Checked: Jul 29 at 1:08PM
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 industrial flex property consists of two commercial buildings set on 4.5 acres. The most recent use was an HVAC business, with offices located in the front building and a workshop/warehouse in the back building. The back building includes four drive-in doors, and the site features a large open graveled area suited for equipment storage and laydown.
The property is located along Portsmouth’s Gateway Corridor, with frontage and exposure on busy Route 1 and high traffic count. Public water and City Sewer are available, and the site includes ample parking with signage. Easy access to major routes supports a wide range of operational needs.
Zoned G-1, the property is described as allowing development, investment, and business opportunities. The offering is presented for sale.
The property is located along Portsmouth’s Gateway Corridor, with frontage and exposure on busy Route 1 and high traffic count. Public water and City Sewer are available, and the site includes ample parking with signage. Easy access to major routes supports a wide range of operational needs.
Zoned G-1, the property is described as allowing development, investment, and business opportunities. The offering is presented for sale.
Key Highlights
- Two commercial buildings on 4.5 acres with office space, a workshop/warehouse, and four drive‑in doors
- Most recent use: HVAC business with offices in the front building and workshop/warehouse in the back building
- Large open graveled area for equipment storage and laydown
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.6k | $21.00 |
| − Vacancy | −$11.1k | −$2.79 |
| EGI | $72.5k | $18.21 |
| − OpEx | −$18.1k | −$4.55 |
| NOI | $54.3k | $13.66 |
3,980 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$776.4K
$679.4K – $905.8K
NOI $54,348 @ 7.0% cap · market cap 4.18%
Second Best
Flex RnD
$773.5K
$676.8K – $902.5K
NOI $54,147 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.06M
$931.7K – $1.24M
NOI $74,534 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Two commercial buildings on 4.5 acres include office space, a workshop/warehouse, and four drive-in doors.
Where is this flex space located?
The property is located at 3601 Lafayette Rd 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 with office space, a workshop/warehouse, and four drive‑in doors; Most recent use: HVAC business with offices in the front building and workshop/warehouse in the back building; Large open graveled area for equipment storage and laydown
