Multi-Suite Office
For Sale
Contact for pricing
755 Banfield Road, Portsmouth, NH 03801
Two office suites offer private rooms, conference space, and shared open areas in a landscaped campus setting.
Property Size26,512 SF
Price / SF$0.00
Days on Market17
Property Features for 755 Banfield Road
General Information
Standard status
Active
Size
26,512 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Building Details
Year Built
2003
Listing Agency:
Colliers International
(603) 433-7100
Listed By:
Andrew Ward · License #Andrew Ward
(603) 206-9655
Source:
Longviewcre
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 3:56PM
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 Colliers International
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Investment Insights
Based on property information with market context.
This 26,512 SF office property includes two distinct suite layouts. Suite 102-B has a foyer, one private office, a large conference room, and an open collaborative area. The second-floor Suite 202 spans 5,565± SF and includes seven private offices, a conference room, a break room, and open collaborative space. The building was constructed in 2003 and offers ample parking and handicap accessibility.
At the corner of Banfield Road and Constitution Avenue, the property has access to I-95, Route 1, Route 33, and the Spaulding Turnpike. Its landscaped campus setting provides a quiet office environment.
At the corner of Banfield Road and Constitution Avenue, the property has access to I-95, Route 1, Route 33, and the Spaulding Turnpike. Its landscaped campus setting provides a quiet office environment.
Key Highlights
- Suite 202 measures 5,565± SF and includes seven private offices
- Suite 102‑B features one private office, a large conference room, and an open collaborative area
- Building size: 26,512 SF; constructed in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$455,121
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,102,420
$9.1M
Cap Rate 7%
$6,501,729
$6.5M
Cap Rate 9%
$5,056,900
$5.1M
Market Conditions
NOI Build-Up for 26,512 SF
Gross rent
$699.9K $26.40/SF
− Vacancy
−$93.1K −$3.51/SF
EGI
$606.8K $22.89/SF
− OpEx
−$151.7K −$5.72/SF
NOI
$455.1K $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%
$9,102,420
Cap Rate 7%
$6,501,729
Cap Rate 9%
$5,056,900
Alternative Uses
Best Use
Office B
$6.50M
$5.69M – $7.59M
NOI $455,121 @ 7.0% cap · market cap 3,792,675.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.83M
$7.72M – $10.30M
NOI $617,861 @ 7.0% cap · market cap 5,148,841.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
263
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two office suites offer private rooms, conference space, and shared open areas in a landscaped campus setting.
Where is this office unit located?
The property is located at 755 Banfield Road Portsmouth, NH.
What are key features of this property?
This property features: Suite 202 measures 5,565± SF and includes seven private offices; Suite 102‑B features one private office, a large conference room, and an open collaborative area; Building size: 26,512 SF; constructed in 2003
