Flexible Storefront
For Sale
$455,000
379 High Street, Somersworth, NH 03878
Commercial Sale, Somersworth, NH
Property Size1,344 SF
Lot Size0.25 Acres
Price / SF$338.54
Days on Market58
Property Features for 379 High Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RO
Directions
GPS Friendly
Standard status
Active
Lot size
0.25 Acres
Utilities
Water source
Public
Building Details
Year built
1980
Listing Agency:
KW Coastal and Lakes & Mountains Realty · Keller Williams Realty
(603) 610-8500
Listed By:
Sean Cody
(603) 610-8500
Added: Jun 26
Changed: Aug 20
Last Checked: Aug 22 at 1:06PM
MLS# 5096981
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1980, this 1,344-square-foot retail building occupies a quarter-acre lot at 379 High Street. The interior layout can accommodate retail operations, salon use, or multiple office configurations, providing flexibility for a range of commercial users. Public water service is available, and the property carries RO zoning.
The site is positioned along the Route 9 corridor in Somersworth, with access to Route 16 and nearby Dover. Walmart, Target, Home Depot, and Market Basket are among the shopping destinations located minutes away. The property combines a modest commercial building with an adaptable floor plan and a strategically connected corridor location.
The site is positioned along the Route 9 corridor in Somersworth, with access to Route 16 and nearby Dover. Walmart, Target, Home Depot, and Market Basket are among the shopping destinations located minutes away. The property combines a modest commercial building with an adaptable floor plan and a strategically connected corridor location.
Key Highlights
- 1,344 sq ft retail building on a quarter‑acre lot
- Located at 379 High Street, Somersworth, NH 03878
- Positioned along the Route 9 corridor with access to Route 16
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
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 adaptable interior space for commercial, salon, or office use in a Route 9 corridor setting.
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 sq ft retail building on a quarter‑acre lot; Located at 379 High Street, Somersworth, NH 03878; Positioned along the Route 9 corridor with access to Route 16
