53 Green St, Portsmouth, NH 03801

Building Details

Building Size 20,849 SF More

Listing Agency: The Boulos Company

Listed By: Kent White · License #052480 Show Phone

Source: Boulos

Added: Aug 8 Changed: Nov 5 Last Checked: Nov 8 at 4:20AM

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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

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Investment Insights

Based on property information with market context.

This ground-floor commercial condominium contains 2,828 square feet and is planned for delivery as a cold, dark shell. The unfinished condition allows the interior layout and improvements to be tailored to the eventual business concept. The property includes two dedicated onsite parking spaces and is scheduled for anticipated delivery in Spring 2027.

The condominium is part of The Maris, a luxury residential development in downtown Portsmouth’s waterfront setting. The surrounding location has a Walk Score of 67 and a Bike Score of 59. Residential units above the commercial space add an established built-in presence to the development.

Key Highlights

• 2,828‑square‑foot ground‑floor commercial condominium
• Cold, dark shell supports a customized interior build‑out
• Two dedicated onsite parking spaces included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,547

Cap Rate

4.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$970,940 $970.9K

Cap Rate 7%

$693,529 $693.5K

Cap Rate 9%

$539,411 $539.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,828 SF

Gross rent

$74.7K $26.40/SF

− Vacancy

−$9.9K −$3.51/SF

EGI

$64.7K $22.89/SF

− OpEx

−$16.2K −$5.72/SF

NOI

$48.5K $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%

$970,940

Cap Rate 7%

$693,529

Cap Rate 9%

$539,411

Alternative Uses

Best Use

Office B

$693.5K

$606.8K – $809.1K (±1% cap)

NOI $48,547 @ 7.0% cap · market cap 4.06%

Second Best

Retail

$571.1K

$499.8K – $666.3K (±1% cap)

NOI $39,980 @ 7.0% cap · market cap 3.35%

Theoretical Best

Office A

$941.5K

$823.8K – $1.10M (±1% cap)

NOI $65,906 @ 7.0% cap · market cap 5.52%

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

Birdseye Partners Employment Agency Seavey's Furniture Warehouse Storage Facility KL McGee Bus ... Freight Service Asturian Group, Inc. Construction Company

Suggested Use

Top Pick Auto Parts Store Building Supply Auto Repair Shop Big Box & Wholesale Store Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,206

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

Market

Average Price Trend$/SF for Retail space in Rockingham County, NH

$313 Jul

$318 Aug

$253 Sep

$294 Oct

Properties on Market for Retail space in Rockingham County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Cold, dark shell offers flexibility for a custom commercial build-out.

Where is this retail space located?

The property is located at 53 Green St Portsmouth, NH.

What is the asking price?

The asking price for this property is $1,195,000.

What are key features of this property?

This property features: 2,828‑square‑foot ground‑floor commercial condominium; Cold, dark shell supports a customized interior build‑out; Two dedicated onsite parking spaces included