Bank and Office
For Sale
$8,000,000
40 Congress St, Portsmouth, NH 03801
For-sale bank and office building located at 40 Congress Street in Portsmouth, NH.
Property Size22,601 SF
Days on Market110
Property Features for 40 Congress St
General Information
Standard status
Active
Size
22,601 SF
Class
A
Property subtype
Office
Building Details
Building Size
22,601 SF
Year Built
1878
Listing Agency:
The Boulos Company
Listed By:
Kent White · License #052480
(603) 781-6546
Source:
Boulos
Added: Jul 6
Changed: Oct 21
Last Checked: Oct 23 at 3:43AM
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 The Boulos Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is listed for sale and is identified as a bank and office building. It also falls within the office space category, indicating it may support business office use alongside banking-related space.
The asset is located at 40 Congress Street in Portsmouth, New Hampshire. The listing information provided does not include additional details on building size, unit layout, current tenant status, or property condition, so prospective buyers should confirm those specifics directly during their due diligence.
Available information is limited to the asset type classification and the street address. Interested parties may want to request a full package covering the interior configuration and any building systems information to determine fit for their intended use.
The asset is located at 40 Congress Street in Portsmouth, New Hampshire. The listing information provided does not include additional details on building size, unit layout, current tenant status, or property condition, so prospective buyers should confirm those specifics directly during their due diligence.
Available information is limited to the asset type classification and the street address. Interested parties may want to request a full package covering the interior configuration and any building systems information to determine fit for their intended use.
Key Highlights
- Bank and office building for sale at 40 Congress Street, Portsmouth, NH
- Total available 22,601 sq ft
- Finished basement with walk‑up basement access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$429,921
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,598,420
$8.6M
Cap Rate 7%
$6,141,729
$6.1M
Cap Rate 9%
$4,776,900
$4.8M
Market Conditions
NOI Build-Up for 22,601 SF
Gross rent
$588.5K $26.04/SF
− Vacancy
−$15.3K −$0.68/SF
EGI
$573.2K $25.36/SF
− OpEx
−$143.3K −$6.34/SF
NOI
$429.9K $19.02/SF
Area
Rockingham County, NH
Vacancy
2.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,598,420
Cap Rate 7%
$6,141,729
Cap Rate 9%
$4,776,900
Alternative Uses
Best Use
Specialty Retail
$6.14M
$5.37M – $7.17M
NOI $429,921 @ 7.0% cap · market cap 5.37%
Second Best
Office B
$5.54M
$4.85M – $6.47M
NOI $387,982 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$7.52M
$6.58M – $8.78M
NOI $526,715 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,602
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - For-sale bank and office building located at 40 Congress Street in Portsmouth, NH.
Where is this bank located?
The property is located at 40 Congress St Portsmouth, NH.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Bank and office building for sale at 40 Congress Street, Portsmouth, NH; Total available 22,601 sq ft; Finished basement with walk‑up basement access
