Six-Unit Retail Shopping
For Sale
$13,500,000
720-750 Lafayette Rd, Portsmouth, NH 03801
2013-built retail property with multiple commercial units and G1 zoning in Portsmouth’s US 1 Bypass area.
Property Size41,599 SF
Days on Market9
Property Features for 720-750 Lafayette Rd
General Information
Standard status
Active
Size
41,599 SF
Property subtype
Commercial
Building Details
Building Size
41,599 SF
Year Built
2013
Units
6
Listing Agency:
keller williams coastal realty
(603) 610-8513
Listed By:
Nathan W Dickey
(603) 610-8513
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 20 at 11:33AM
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 coastal realty
Investment Insights
Based on property information with market context.
Located at 720-750 Lafayette Rd in Portsmouth, the property contains 41,499 SF across buildings configured into six units. The asset is classified as a shopping center and was built in 2013, providing a multi-unit retail format for commercial occupancy.
The property is situated in the US 1 Bypass area and is zoned G1. WalkScore is 27, indicating a car-dependent setting, while BikeScore is 33, classified as somewhat bikeable.
The property is situated in the US 1 Bypass area and is zoned G1. WalkScore is 27, indicating a car-dependent setting, while BikeScore is 33, classified as somewhat bikeable.
Key Highlights
- 41,499 SF across buildings
- Six‑unit retail configuration
- Built in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$504,230
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,084,600
$10.1M
Cap Rate 7%
$7,203,286
$7.2M
Cap Rate 9%
$5,602,556
$5.6M
Market Conditions
NOI Build-Up for 41,599 SF
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.
Gross rent
$748.8K $18.00/SF
− Vacancy
−$28.5K −$0.68/SF
EGI
$720.3K $17.32/SF
− OpEx
−$216.1K −$5.19/SF
NOI
$504.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,084,600
Cap Rate 7%
$7,203,286
Cap Rate 9%
$5,602,556
Alternative Uses
Best Use
Retail
$7.20M
$6.30M – $8.40M
NOI $504,230 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.13M
$9.74M – $12.98M
NOI $779,033 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
144k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Dining 30%
Groceries 25%
Home Improvements & Furnishings 8%
Market Basket
Groceries
35,728 visits/mo
0.3 miles
McDonald's
Dining
20,080 visits/mo
0.0 miles
Cumberland Farms
Shops & Services
18,600 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,065 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
9,610 visits/mo
0.2 miles
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
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lafayette Plaza Shopping Center — 775 Lafayette Rd, Portsmouth, NH 03801
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- Lafayette Crossing — 145 Mirona Rd, Portsmouth, NH 03801
Frequently Asked Questions
What type of property is this?
Shopping center - 2013-built retail property with multiple commercial units and G1 zoning in Portsmouth’s US 1 Bypass area.
Where is this shopping center located?
The property is located at 720-750 Lafayette Rd Portsmouth, NH.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: 41,499 SF across buildings; Six‑unit retail configuration; Built in 2013
