Property profile

100 Tri City Rd Somersworth, NH 03878

OFF-MARKET
Warehouses
Property ID
US58-0589535
56,604 SF 5.03 ac lot Built 1970
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 52,138 square foot multi-tenant warehouse, situated on a 5.03-acre lot at 100 Tri City Road, presents a fantastic opportunity. Built in 1970 and extensively renovated in 2020, this six-story building offers a range of modern amenities. Currently, a 2,335 square foot unit is available, featuring a 14' ceiling height, a 14' x 14' overhead door, and approximately 100 square feet of office space. The unit includes HVAC, 200 amp, 208-volt, 3-phase electrical service, and an ADA-compliant bathroom. The building boasts ceiling heights ranging from 14' to 19', depending on the unit. Individual electric and HVAC metering ensures efficient utility management. The property's convenient location just off Exit 9 of the Spaulding Turnpike provides easy access to major transportation arteries. The zoning allows for multiple uses, including industrial, commercial, and retail. The lease rate is $14.50 per square foot, modified gross, with tenants responsible for heat and electricity. A minimum two-year lease is required. The property includes only two total parking spaces. This is an ideal space for businesses seeking a modern, well-located warehouse facility.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1970
Construction STEEL FRAME
Total area 56,604 SF
Lot 5.03 ac (219,107 SF)
Zoning code B
APN SMSW M:39 B:01 L:0
UPID US58-0589535

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Industrial Manufacturer
  • Carpet Cleaning Service Air Duct Cleaning Service
  • Warehouse & Storage
  • Car Dealership

Location

100 Tri City Rd Somersworth, NH 03878-1321
Somersworth metro Census 83002 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$5.82M

Owner & transaction history

Zoning & alternative use

B · Somersworth, NH
Zoning description

This district is provided for retail, commercial and light industrial uses in areas where such uses historically have been located, and in which current use densities and features of the land make the rigid application o…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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