Renovated Medical Office
New
For Sale
$499,000
875 Greenland Rd C-8, Portsmouth, NH 03801
Updated professional space offers natural light and on-site parking.
Property Size2,178 SF
Price / SF$229.11
Days on Market6
Property Features for 875 Greenland Rd C-8
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Listing Agency:
The Boulos Company
Listed By:
Caitlin Burke · License #071626
(603) 570-2680
Source:
Elliman
Added: Oct 1
Last Checked: Oct 5 at 6:13PM
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
Investment Insights
Based on property information with market context.
This medical office property contains approximately 2,178 SF and was built in 1985. Recent renovations and natural light shape the interior, with on-site parking serving the building. Professional management is in place.
At 875 Greenland Rd C-8 in Portsmouth, the property is less than a mile from I-95.
At 875 Greenland Rd C-8 in Portsmouth, the property is less than a mile from I-95.
Key Highlights
- 2,178± SF of medical office space
- Recently renovated with natural light
- On‑site parking and professional management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,389
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,780
$747.8K
Cap Rate 7%
$534,129
$534.1K
Cap Rate 9%
$415,433
$415.4K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$57.5K $26.40/SF
− Vacancy
−$7.6K −$3.51/SF
EGI
$49.9K $22.89/SF
− OpEx
−$12.5K −$5.72/SF
NOI
$37.4K $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%
$747,780
Cap Rate 7%
$534,129
Cap Rate 9%
$415,433
Alternative Uses
Best Use
Office B
$534.1K
$467.4K – $623.2K
NOI $37,389 @ 7.0% cap · market cap 7.49%
Second Best
Healthcare Medical
$466.2K
$408.0K – $544.0K
NOI $32,637 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$725.1K
$634.5K – $846.0K
NOI $50,758 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Balanced
Demand for This Use
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated professional space offers natural light and on-site parking.
Where is this medical office space located?
The property is located at 875 Greenland Rd C-8 Portsmouth, NH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,178± SF of medical office space; Recently renovated with natural light; On‑site parking and professional management
