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    451 High St Somersworth, NH 3878

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    For Lease
    $14 SF/Yr

    4,400 SF end-cap space in busy retail strip center.

    Type:Commercial
    Property size:
    4,400 SF
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 8:32 pm

    Property Features for 451 High St

    General Information

    Standard status
    Active
    Size
    4,400 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    Kent White
    Kent White

    Listing agent Kent White License #052480

    Listing office The Boulos Company

    Listing date Apr 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 The Boulos Company

    Overview

    Retail End-Cap Space Available

    A 4,400± square foot end-cap space is available for lease in a busy retail strip center located at 451 High Street. The center provides visibility to High Street/Route 9, and the new tenant will have signage opportunities on the building and pylon sign. The property is located off Route 16 at exit 7 on the Dover/Somersworth line, in close proximity to major retailers including NH Liquor & Wine Outlet, Walmart, Market Basket, TJ Maxx, Home Depot, and Target. Current tenants include Dollar Tree and East Coast Dance Company. The walk score is 63, indicating that the location is somewhat walkable, and the bike score is 41, indicating that it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Fiddlehead Farms Marketplace Food Market Three Sisters Cake ... Bakery Amazon Locker - Mir Courier Service East Coast Dance ... Training Center Dollar Tree Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Somersworth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.8841214
    Latitude
    43.2315353

    Nearby Similar for Lease

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      Modern Office Space in Somersworth

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      10 Andrews Rd, Somersworth, NH 03878
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      Retail Space with Drive-Through Potential

      Retail space available for lease with drive-through opportunity.
      341 High St, Somersworth, NH
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      New Industrial/Flex Space Available

      Modern industrial/flex complex with flexible unit sizes for lease.
      18 Patriot Way, Somersworth, NH
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      Somersworth Retail Space Available

      Retail space available in Somersworth, New Hampshire.
      451 High St, Somersworth, NH 03878
      View Details
    • $9 SF/Yr

      Somersworth Manufacturing/Warehouse/Distribution Sublease

      30,250± SF building on 3.83± acres available for sublease.
      433 NH-108, Somersworth, NH
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    • Contact for pricing

      Highly Visible Retail/Restaurant Space

      Prime location with high visibility and flexible layout.
      10 Andrews Rd, Somersworth, NH 03878
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      Retail Space in High-Traffic Center

      Retail space available in a highly trafficked shopping center.
      20-200 Tri City Rd, Somersworth, NH
      View Details

    FAQs

    What type of property is this?
    Strip mall - 4,400 SF end-cap space in busy retail strip center.
    Where is this strip mall located?
    The property is located at 451 High St Somersworth, NH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: High visibility location on High Street/Route 9 with signage opportunities on the building and pylon sign.; End‑cap space available: **4,400± SF.**; Located right off Route 16 at exit 7 on the Dover/Somersworth line.
    (603) 781-6546
    We can help!
    Listing Contact
    Kent White
    Kent White
    Real Estate License ID: 052480
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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