Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2289 Woodbury Ave Newington, NH 03801
    Back to Search
    Property profile & analytics

    2289 Woodbury Ave Newington, NH 03801

    View on Map
    • Office Spaces
    • 21,726 SF
    • 5.44 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2289 Woodbury Ave

    Year built
    1900
    Lot size
    5.44 lot acres
    Property size
    21,726 SF
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 2,815-square-foot medical office space, located at 2289 Woodbury Ave in Newington, New Hampshire (03801), is available for lease starting March 1st, 2025. The property, part of a larger two-building complex (21,726 total square feet) on 5.44 acres, is a Class B building constructed in 1900 and extensively renovated in 2019. This single-tenant space features a convenient private entrance and its own patio. The layout includes a first-floor reception area, ADA-compliant bathroom, storage closet, and five offices—three equipped with sinks. Upstairs, you'll find a large recreation room, a bathroom with a shower, a kitchenette, three additional offices with sinks, and a staff room. The property boasts ample parking (87 spaces) and is strategically located opposite Walmart and near Route 4, ensuring high visibility and convenient access. Property taxes are $1.13 per square foot. The building features a mix of medical and other professional tenants, including a café, creating a vibrant and convenient environment. The property's APN is Map 19 Lot 9, Rockingham County. While there are no elevators, the two-story building offers a functional and well-maintained space ideal for a variety of medical practices.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.8094
    Latitude
    43.1028

    Comparable in this City

    • Value Estimation by Request
      52,000 SF

      360 Corporate Dr

      Medical Office Space • 52,000 SF
      360 Corporate Dr, Portsmouth, NH 03801
      View Details
    • Value Estimation by Request
      50,400 SF

      Shattuck Way & Riv Rd

      Medical Office Space • 50,400 SF
      0 Shattuck Way & Riv Rd, Newington, NH 03801
      View Details
    • Value Estimation by Request
      720 SF

      7 Greenleaf Woods Dr, Unit 102

      CONDOMINIUM OFFICES • 720 SF
      7 Greenleaf Woods Dr, Portsmouth, NH 03801-5444
      View Details
    • Value Estimation
      $15,630,000
      61,734 SF

      100 International Dr, Unit 1

      CONDOMINIUM OFFICES • 61,734 SF
      100 International Dr, Portsmouth, NH 03801-6881
      View Details
    • Value Estimation
      $1,180,000
      3,032 SF

      30 Maplewood Ave, Unit 2

      CONDOMINIUM OFFICES • 3,032 SF
      30 Maplewood Ave, Portsmouth, NH 03801-3712
      View Details
    • Value Estimation
      $7,175,000
      26,410 SF

      25 Nh Ave

      CONDOMINIUM OFFICES • 26,410 SF
      25 Nh Ave, Portsmouth, NH 03801-2838
      View Details

    Similar Nearby for Sale

    • $94,160
      428 SF

      Compact Medical Office Condominium

      Medical office condo ideal for new or expanding practices.
      230 Lafayette Rd, Portsmouth, NH 03801
      View Details
    • $300,000

      Medical/Office Condo For Sale

      1,275 SF medical/office condo in professionally managed office park.
      278 Lafayette Rd, Portsmouth, NH 03801
      View Details
    • $2,350,000
      3,798 SF

      Downtown Portsmouth Commercial Condominium

      Adaptable commercial space in vibrant downtown Portsmouth.
      40 Bridge St, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      7,200 SF

      Historic Portsmouth Executive Offices

      7,200 SF, 3 Units, NNN Lease
      45 Pearl St, Portsmouth, NH 03801
      View Details
    • $2,950,000
      Pending

      Newington Redevelopment Opportunity For Sale

      16,470 SF building on 6.69 acres near Spaulding Turnpike.
      347 Shattuck Way, Newington, NH 03801
      View Details
    • Contact for pricing

      Portsmouth Office Space: North End Gem

      Class A Office, Vibrant Location, 2,325 RSF
      12 Portwalk Pl, Portsmouth, NH 03801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,539 SF

      Office or Medical Office Space

      Office or medical space in Portsmouth's Pease Tradeport.
      14 Manchester Sq, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      1,995 SF

      Medical Office Space Near Hospital

      Medical office suite for lease across from Portsmouth Regional Hospital.
      330 Borthwick Ave, Portsmouth, NH 03801
      View Details
    • Contact for pricing

      Medical Office Suites For Lease

      Prime medical office suites available near Portsmouth Regional Hospital.
      330 Borthwick Ave, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      1,500 SF

      Professional Office Space For Lease

      Individual offices for healthcare practitioners and therapists in Portsmouth, NH.
      4 Greenleaf Woods Dr, Portsmouth, NH 03801
      View Details
    • $23 SF/Yr
      58,347 SF

      Portsmouth Office Suites for Lease

      Affordable NH Office Space, 120-204 SF
      170 West Rd, Portsmouth, NH 03801
      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.
    2289 Woodbury Ave
    Newington, NH 03801
    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
    2289 Woodbury Ave, Newington, NH, 03801
    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!