Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highly Visible Retail/Restaurant Space Title is generated by Realmo AI

    10 Andrews Rd, Somersworth, NH 03878

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime location with high visibility and flexible layout.

    Type:Retail
    Added:
    Jan 11, 2024
    Days on Market:
    874
    Last Refresh:
    May 12 at 10:46 pm

    Property Features for 10 Andrews Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2008

    Spaces For Lease

    at 10 Andrews Rd Contact us

    We can help!

    Listing Contact
    Chris Pascucci
    Chris Pascucci

    Listing agent Chris Pascucci License #047341

    Listing office Sperry - Commercial Realty Associates

    Listing date Jan 11, 2024

    Source Crexi

    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 Sperry - Commercial Realty Associates

    HighLights

    • Highly visible location with signalized intersection access.
    • Flexible and divisible layout suitable for various business types (restaurant, retail, service).
    • Excellent signage opportunities with monument and building signs.
    • High traffic commercial corridor with exposure to thousands of cars daily.
    • Ample parking available.
    • Two ADA restrooms and a roll‑up door in the back.

    Overview

    This highly visible restaurant or retail space at 10 Andrews Road is available for lease. The property benefits from an outstanding location with signalized access at a busy intersection within a well-trafficked commercial corridor. The location provides excellent signage opportunities and exposure to thousands of cars daily. The space is flexible and divisible, making it suitable for various uses, including launching a new restaurant concept, expanding a retail footprint, or opening a service-based business. The property features no columns, two ADA restrooms, a roll-up door in the back, signalized access, monument and building signs, and parking. The location is surrounded by national retailers and local businesses, offering a rare opportunity in the Somersworth market.
    Property Profile Location Intelligence

    Current Use by Public Records

    PetWellClinic - Somersworth Veterinary Clinic Aroma Joe’s Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somersworth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.882377
    Latitude
    43.2340488

    Nearby Similar for Lease

    • $14 SF/Yr
      4,400 SF

      Retail End-Cap Space Available

      4,400 SF end-cap space in busy retail strip center.
      451 High St, Somersworth, NH 03878
      View Details
    • Contact for pricing
      7,524 SF

      Modern Office Space in Somersworth

      Prime Somersworth location with flexible floor plans and ample parking.
      10 Andrews Rd, Somersworth, NH 03878
      View Details
    • $13 SF/Yr
      49,300 SF

      High-Bay Warehouse/Distribution Space Available

      State-of-the-art warehouse/distribution space in Somersworth, NH for lease.
      Willand Drive, Somersworth, NH
      View Details
    • $14 SF/Yr
      11,180 SF

      Retail Space with Drive-Through Potential

      Retail space available for lease with drive-through opportunity.
      341 High St, Somersworth, NH
      View Details
    • $15 SF/Yr
      40,000 SF

      New Industrial/Flex Space Available

      Modern industrial/flex complex with flexible unit sizes for lease.
      18 Patriot Way, Somersworth, NH
      View Details
    • $12 SF/Yr
      19,360 SF

      Industrial/Warehouse Space For Lease

      Industrial and warehouse space available with flexible lease terms.
      45 Centre Road, Somersworth, NH 03878
      View Details
    • Contact for pricing
      4,400 SF

      Somersworth Retail Space Available

      Retail space available in Somersworth, New Hampshire.
      451 High St, Somersworth, NH 03878
      View Details
    • $9 SF/Yr
      30,250 SF

      Somersworth Manufacturing/Warehouse/Distribution Sublease

      30,250± SF building on 3.83± acres available for sublease.
      433 NH-108, Somersworth, NH
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly trafficked shopping center.
      20-200 Tri City Rd, Somersworth, NH
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime location with high visibility and flexible layout.
    Where is this retail space located?
    The property is located at 10 Andrews Rd Somersworth, NH.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Highly visible location with signalized intersection access.; Flexible and divisible layout suitable for various business types (restaurant, retail, service).; Excellent signage opportunities with monument and building signs.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Pascucci
    Chris Pascucci
    Real Estate License ID: 047341
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10 Andrews Rd, Somersworth, NH 03878
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!