Renovated Professional Office
For Sale
$499,000
C-8-875 Greenland Rd, Portsmouth, NH 03801
Bright, professionally managed offices suit professional or medical use.
Property Size2,178 SF
Price / SF$229.11
Days on Market24
Property Features for C-8-875 Greenland Rd
General Information
Standard status
Active
Size
2,178 SF
Additional Details
Highway Access
Yes
Listing Agency:
The Boulos Company
(603) 427-1333
Listed By:
Caitlin Burke · License #071626
(603) 570-2680
Source:
Exprealty
Added: Sep 30
Changed: Oct 21
Last Checked: Oct 23 at 7:26AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,178± SF office property is suited to professional or medical use. Recent renovation and natural light shape the interior, while on-site parking supports daily access. The building is professionally managed.
Located less than a mile from I-95 in Portsmouth, New Hampshire, the property is available for sale or lease.
Located less than a mile from I-95 in Portsmouth, New Hampshire, the property is available for sale or lease.
Key Highlights
- 2,178± SF of office space
- Recently renovated with natural light
- On‑site parking
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
746
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Bright, professionally managed offices suit professional or medical use.
Where is this office unit located?
The property is located at C-8-875 Greenland Rd 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 office space; Recently renovated with natural light; On‑site parking
