Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    141 Portsmouth Ave Exeter, NH 03833
    Back to Search
    Property profile & analytics

    141 Portsmouth Ave, Exeter, NH 03833

    View on Map
    • Neighborhood centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 141 Portsmouth Ave

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located within the Hannaford Supermarket Plaza at 141 Portsmouth Avenue in Exeter, New Hampshire, zip code 03833. The property is a multi-tenant shopping center situated on an 8.9-acre lot, offering ample parking with 416 spaces. The plaza benefits from a C-2 zoning designation and enjoys a high-traffic location at a lighted intersection on Portsmouth Avenue, providing excellent visibility and accessibility. This location offers close proximity to Exit 11 on Route 101, ensuring convenient access for customers. The shopping center is anchored by a Hannaford Supermarket and features a diverse mix of established tenants, including Newburyport Bank, Gentle Dental, Jersey Mike's, and Reis Salon. One retail space of 2,486 square feet is currently available, making this an ideal location for businesses seeking high visibility and a strong customer base within a thriving retail district in the heart of the Exeter/Stratham area. The property's strategic location and established tenant mix present a compelling opportunity for a retailer seeking maximum exposure and a strong return on investment. This is a rare opportunity to join a successful and well-established shopping center in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Exeter
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.9308
    Latitude
    42.9893

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      330 Rte 125

      RETAIL STORES (PERSONAL SERVICES)
      330 Rte 125, Brentwood, NH 03833-6609
      View Details
    • Value Estimation
      $825,000
      7,400 SF

      130 Pne Rd

      RETAIL STORES (PERSONAL SERVICES)
      130 Pne Rd, Exeter, NH 03833
      View Details
    • Value Estimation by Request
      2,340 SF

      64 Water St

      RETAIL STORES (PERSONAL SERVICES)
      64 Water St, Exeter, NH 03833-2431
      View Details
    • Value Estimation
      $645,000
      4,941 SF

      18 Rte 27

      RETAIL STORES (PERSONAL SERVICES)
      18 Rte 27, Brentwood, NH 03833-6633
      View Details
    • Value Estimation
      $1,415,000
      13,298 SF

      313 Rte 125

      RETAIL STORES (PERSONAL SERVICES)
      313 Rte 125, Brentwood, NH 03833-6026
      View Details
    • Value Estimation
      $700,000
      4,992 SF

      94-96 Epping Rd

      DEPARTMENT STORE
      94-96 Epping Rd, Exeter, NH 03833
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Retail Building on Portsmouth Avenue

      3200 sq ft retail building with ample parking.
      97 Portsmouth Ave, Exeter, NH 03833
      View Details
    • $925,000

      Exeter Mixed-Use Property For Sale

      Charming New England property with residential and mixed-use potential.
      3 Portsmouth Ave, Exeter, NH 03833
      View Details
    • $329,900
      0.69 Acres

      Restaurant Redevelopment Land Parcel

      Land with a small existing building and ZBA approvals for an expanded restaurant concept, supported by strong regional access.
      266 Route 125, Brentwood, NH 03833
      View Details
    • $750,000
      4.36 Acres

      Exeter Commercial Land For Sale

      4.36 acre commercial land with high visibility.
      - Rte 27, Exeter, NH 03833
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Exeter Retail Space For Rent

      Community shopping center in Exeter retail district, high traffic.
      75-93 Portsmouth Ave, Exeter, NH 03833
      View Details
    • Contact for pricing

      Exeter Commons Retail Space

      Community shopping center in Exeter/Stratham retail district.
      75 Portsmouth Ave, Exeter, NH 03833
      View Details
    • Contact for pricing

      Renovated Retail Space in Exeter

      Newly renovated retail space in a convenient, visible Exeter location.
      137 Epping Rd, Exeter, NH 03833
      View Details
    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.
    141 Portsmouth Ave
    Exeter, NH 03833
    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
    141 Portsmouth Ave, Exeter, NH, 03833
    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!