Retail Building with Flexible
For Sale
$455,000
379 High Street, Somersworth, NH 03878
Retail building with a flexible interior layout on a quarter-acre lot along the Route 9 corridor in Somersworth.
Property Size1,344 SF
Lot Size0.25 Acres
Price / SF$338.54
Days on Market158
Property Features for 379 High Street
General Information
Standard status
Active
Size
1,344 SF
Lot size
0.25 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Listing Agency:
KW Coastal and Lakes & Mountains Realty
Listed By:
Sean Cody
(603) 329-5903
Source:
Bigislandre
Added: Apr 9
Changed: Sep 12
Last Checked: Sep 13 at 9:05AM
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 KW Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
This retail building offers a flexible floor plan within 1,344 square feet, suited to a variety of retail or office-style uses. The property sits on a quarter-acre lot and is positioned to serve customers traveling along the Route 9 corridor.
The building’s location provides easy access to nearby shopping destinations, including Walmart, Target, Home Depot, and Market Basket. It also offers quick access to Route 16 and the Dover area, supporting convenient day-to-day customer access.
With its adaptable interior configuration, the space can be arranged for different operational setups, including single-tenant retail or multiple office configurations.
The building’s location provides easy access to nearby shopping destinations, including Walmart, Target, Home Depot, and Market Basket. It also offers quick access to Route 16 and the Dover area, supporting convenient day-to-day customer access.
With its adaptable interior configuration, the space can be arranged for different operational setups, including single-tenant retail or multiple office configurations.
Key Highlights
- 1,344 SF retail building built in 1980
- Quarter‑acre lot on the Route 9 corridor in Somersworth, NH
- Flexible interior layout for a salon, retail shop, or multiple office configurations
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
$16,291
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
3.58%
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%
$325,820
$325.8K
Cap Rate 7%
$232,729
$232.7K
Cap Rate 9%
$181,011
$181.0K
Market Conditions
NOI Build-Up for 1,344 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
$24.2K $18.00/SF
− Vacancy
−$919 −$0.68/SF
EGI
$23.3K $17.32/SF
− OpEx
−$7.0K −$5.19/SF
NOI
$16.3K $12.12/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$325,820
Cap Rate 7%
$232,729
Cap Rate 9%
$181,011
Alternative Uses
Best Use
Retail
$232.7K
$203.6K – $271.5K
NOI $16,291 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.6K
$314.6K – $419.5K
NOI $25,169 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Shops & Services 10%
Dunkin' Donuts
Dining
9,650 visits/mo
0.2 miles
Edward Jones
Shops & Services
1,083 visits/mo
0.3 miles
Demographics for 03878, NH
11,919
Population
5,722
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
95%
High-School Grad
9.8 sq mi
ZIP Area
1,216
Density / Sq Mi
$79,691
Median Household Income
$47,638
Median Earnings
$1,410
Median Rent
$295,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Westwind Gardens — 402 High St, Somersworth, NH 03878
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with a flexible interior layout on a quarter-acre lot along the Route 9 corridor in Somersworth.
Where is this storefront property located?
The property is located at 379 High Street Somersworth, NH.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 1,344 SF retail building built in 1980; Quarter‑acre lot on the Route 9 corridor in Somersworth, NH; Flexible interior layout for a salon, retail shop, or multiple office configurations
