Storefront with Loading
For Sale
Contact for pricing
62 Market Street, Somersworth, NH 03878
An open first-floor layout is paired with a private office, substantial storage, and rear parking.
Property Size6,119 SF
Price / SF$0.59
Days on Market51
Property Features for 62 Market Street
General Information
Standard status
Active
Size
6,119 SF
Total Parking Spaces
2
Property subtype
Commercial
Additional Details
Floor
1
Amenities
private office
large storage closet
central air conditioning
loading dock
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Longview Commercial Real Estate
Listed By:
Andrew Paluch
(802) 772-5052
Source:
Longviewcre
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 29 at 2:46PM
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 Longview Commercial Real Estate
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Investment Insights
Based on property information with market context.
This storefront at 62 Market Street has approximately 2,000 square feet of open first-floor space, a large storage closet, and a separate office with a river outlook. The lower level contains three storage areas, including a utility room with shelving and the furnace, two additional sections beneath the storefront, and a half bath. Central air conditioning serves the property, and the building dates to 1900.
A rear entrance connects to a loading dock, with parking for two vehicles behind the building. The property is in downtown Somersworth, New Hampshire, on Market Street.
A rear entrance connects to a loading dock, with parking for two vehicles behind the building. The property is in downtown Somersworth, New Hampshire, on Market Street.
Key Highlights
- Approximately 2,000 SF of open first‑floor space
- Lower level has three storage areas and a half bath
- Rear loading dock and parking for two vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,170
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,400
$1.5M
Cap Rate 7%
$1,059,571
$1.1M
Cap Rate 9%
$824,111
$824.1K
Market Conditions
NOI Build-Up for 6,119 SF
Gross rent
$110.1K $18.00/SF
− Vacancy
−$4.2K −$0.68/SF
EGI
$106.0K $17.32/SF
− OpEx
−$31.8K −$5.19/SF
NOI
$74.2K $12.12/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,400
Cap Rate 7%
$1,059,571
Cap Rate 9%
$824,111
Alternative Uses
Best Use
Retail
$1.06M
$927.1K – $1.24M
NOI $74,170 @ 7.0% cap · market cap 2,060.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,592 @ 7.0% cap · market cap 3,183.11%
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
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 21%
Cumberland Farms
Shops & Services
17,136 visits/mo
0.3 miles
Aroma Joe's
Dining
4,962 visits/mo
0.2 miles
Citizens Bank
Shops & Services
1,592 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,148 visits/mo
0.3 miles
Aroma Joe's
Dining
398 visits/mo
0.4 miles
Demographics for 03878, NH
11,919
Population
5,722
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
95%
High-School Grad
9.8 sq mi
ZIP Area
1,216
Density / Sq Mi
$79,691
Median Household Income
$47,638
Median Earnings
$1,410
Median Rent
$295,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - An open first-floor layout is paired with a private office, substantial storage, and rear parking.
Where is this storefront property located?
The property is located at 62 Market Street Somersworth, NH.
What are key features of this property?
This property features: Approximately 2,000 SF of open first‑floor space; Lower level has three storage areas and a half bath; Rear loading dock and parking for two vehicles
