Office Units with Flexible
500 Maplewood Ave # A, Portsmouth, NH 03801
For Sale
Contact for pricing
Two-level office configuration with private rooms, collaborative areas, support spaces, and unfinished expansion capacity.
Property Size8,202 SF
Price / SF$0.00
Days on Market760
Property Features for 500 Maplewood Ave # A
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Site & Location
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Faulkner Commercial Group
(978) 269-5445
Source:
Churchillprop
Added: Oct 16, 2024
Changed: Nov 13
Last Checked: Nov 12 at 5:22AM
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 Keller Williams Realty
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 office property provides 8,202 square feet across two levels. The first floor combines an open showroom or bullpen area with 8 private offices, 2 conference or team rooms, a kitchen, 2 restrooms, and storage rooms. The second floor offers 3,921 square feet of unfinished space that can support storage or additional office buildout.
Built in 1942 and zoned B, the property is positioned just off the Route 1 Bypass in Portsmouth, with access from both the city and the bypass. The layout accommodates a mix of individual work areas, shared meeting space, and open-use areas within an established commercial building.
Built in 1942 and zoned B, the property is positioned just off the Route 1 Bypass in Portsmouth, with access from both the city and the bypass. The layout accommodates a mix of individual work areas, shared meeting space, and open-use areas within an established commercial building.
Key Highlights
- 8,202 square feet of office space across two levels
- First floor includes 8 private offices, 2 conference or team rooms, kitchen, 2 restrooms, and storage rooms
- 3,921 square feet of unfinished second‑floor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,800
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,816,000
$2.8M
Cap Rate 7%
$2,011,429
$2.0M
Cap Rate 9%
$1,564,444
$1.6M
Market Conditions
NOI Build-Up for 8,202 SF
Gross rent
$216.5K $26.40/SF
− Vacancy
−$28.8K −$3.51/SF
EGI
$187.7K $22.89/SF
− OpEx
−$46.9K −$5.72/SF
NOI
$140.8K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,816,000
Cap Rate 7%
$2,011,429
Cap Rate 9%
$1,564,444
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.35M
NOI $140,800 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,147 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
749
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
Properties on Market for Office Units in Portsmouth
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two-level office configuration with private rooms, collaborative areas, support spaces, and unfinished expansion capacity.
Where is this office unit located?
The property is located at 500 Maplewood Ave # A Portsmouth, NH.
What are key features of this property?
This property features: 8,202 square feet of office space across two levels; First floor includes 8 private offices, 2 conference or team rooms, kitchen, 2 restrooms, and storage rooms; 3,921 square feet of unfinished second‑floor space
