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    Industrial Condominium Near Route 33 Title is generated by Realmo AI

    434 Portsmouth Ave, Greenland, NH 03840

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    For Sale
    $895,000

    4,200 sq ft industrial condominium with convenient highway access.

    Type:Commercial
    Property size:
    4,200 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $213/SF
    Added:
    Mar 24, 2026
    Days on Market:
    105
    Last Refresh:
    Mar 10 at 9:21 am

    Property Features for 434 Portsmouth Ave

    General Information

    Standard status
    Active
    Size
    4,200 SF
    Lot size
    2.50 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2004

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    Bill Mouflouze

    Listing office

    Listing date Mar 24, 2026

    Source Elliman

    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 Bill Mouflouze

    HighLights

    • 4,200 sq ft stand alone industrial metal building condominium.
    • Quick access to Rte 33 and I‑95.
    • Commercial zoning allows lots of uses.
    • Lots of parking.
    • Great visibility signage possible facing Rte 33.
    • Town sewer available at street.

    Overview

    This 4,200 sq ft stand-alone industrial metal building is a condominium property located just off Route 33, offering quick access to I-95. The property features a wide-open layout with a small office and bathroom, complemented by ample parking space. It benefits from a shared road and septic system, with town sewer services available at the street. The commercial zoning of the property accommodates a variety of uses. Signage with good visibility is possible, facing Route 33.

    Local Financial Insights For Flex RnD

    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 $79.6k $18.96
    − Vacancy −$5.6k −$1.33
    EGI $74.1k $17.63
    − OpEx −$25.9k −$6.17
    NOI $48.1k $11.46
    4,200 SF · lease $18.96/SF/yr · vacancy 7.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $687.7K
    $601.7K – $802.3K (±1% cap)
    NOI $48,138 @ 7.0% cap · market cap 5.38%
    Second Best
    Industrial
    $371.1K
    $324.7K – $432.9K (±1% cap)
    NOI $25,976 @ 7.0% cap · market cap 2.90%
    Theoretical Best
    Office A
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,881 @ 7.0% cap · market cap 10.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arens Stoneworks Construction Company

    Suggested Use

    Real Estate Agency Law Firm Auto Parts Store Accounting Firm Furniture & Home Goods Grocery & Convenience Store Clothing & Fashion Store Barber Shop Shopping Center & Mall Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenland
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.8316774
    Latitude
    43.0387405

    FAQs

    What type of property is this?
    Flex space - 4,200 sq ft industrial condominium with convenient highway access.
    Where is this flex space located?
    The property is located at 434 Portsmouth Ave Greenland, NH.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 4,200 sq ft stand alone industrial metal building condominium.; Quick access to Rte 33 and I‑95.; Commercial zoning allows lots of uses.
    More about this property
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