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    259 Nh-108 Somersworth, NH 03878
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    259 Nh-108, Somersworth, NH 03878

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    • Warehouses
    • 8,240 SF
    For Lease
    $16 SF/Yr
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    Route 108 Somersworth Medical Office Space For Lease
    $16 SF/Yr

    Route 108 Somersworth Medical Office Space

    Versatile Medical/Industrial Space in Somersworth, NH

    259 Nh-108, Somersworth, NH 03878
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 259 Nh-108

    Year built
    1995
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 8,240 square foot property at 259 Route 108 in Somersworth, New Hampshire, offers a unique blend of medical office and industrial space. Built in 1995 and renovated in 2005, the building sits on a 2.083-acre lot and is zoned C1 - Commercial/Industrial, providing flexibility for a variety of uses. The property is currently configured for multiple tenants, with a minimum divisible space of 3,095 square feet and a maximum contiguous space of 8,240 square feet, catering to businesses of various sizes. Its prime location on the "Medical Mile," near Wentworth Douglass Hospital and Frisbie Memorial Hospital, makes it particularly attractive for medical practices seeking convenient access to major healthcare facilities. The building's adaptable layout and recent renovations ensure a modern and functional workspace. This turnkey opportunity presents a compelling investment in a thriving New Hampshire community. The property's address is 259 NH-108, Somersworth, NH 03878, situated in Strafford County. This versatile space is ideal for businesses seeking a strategic location with ample space and convenient access to key healthcare providers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somersworth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.8976
    Latitude
    43.2539

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      9 Interstate Dr

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      338 Main St

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      432 Rte 108

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      1.69 Acres

      362 Rte 108th, Unit C

      WAREHOUSE, STORAGE
      362 Rte 108th, Somersworth, NH 03878-1646
      View Details

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    • Contact for pricing

      Freestanding Medical/Office Building For Sale

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      Somersworth Medical Office Complex

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      Somersworth Medical Office Complex

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      8,240 SF

      Somersworth Medical Office Building

      State-of-the-art medical office, sale or lease.
      259 Route 108, Somersworth, NH 03878
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    • $445,000
      0.78 Acres

      Developable Retail/Commercial Land Parcel

      Flat, approved commercial development parcel with planned multi-unit retail layout.
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    Similar Nearby for Lease

    • $16 SF/Yr
      8,240 SF

      Route 108 Somersworth Medical Office Space

      Versatile Medical/Industrial Space in Somersworth, NH
      259 Nh-108, Somersworth, NH 03878
      View Details
    • Contact for pricing
      49,300 SF

      High-Bay Warehouse/Distribution Space Available

      State-of-the-art warehouse/distribution space in Somersworth, NH for lease.
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    • Contact for pricing
      30,250 SF

      Somersworth Manufacturing/Warehouse/Distribution Sublease

      30,250± SF building on 3.83± acres available for sublease.
      433 Nh-108, Somersworth, NH 03878
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    • Contact for pricing

      Industrial/Warehouse Space For Lease

      Industrial and warehouse space available with flexible lease terms.
      45 Centre Rd, Somersworth, NH 03878
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    Somersworth, NH 03878
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    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.

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