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FOR LEASE
Office buildings
126 Daniel St, Portsmouth, NH 03801
Entity Owned
26-yr Hold
Free & Clear
Property ID
US58-0620605
For Lease
1 / 22
$29 SF/Yr
126 Daniel St, Portsmouth, NH 03801
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Property summary
AI-generated overview
This exceptional 1,600 square foot office space is located in the historic Old City Hall building at 126 Daniel Street in Portsmouth, New Hampshire, 03801. Situated on the ground floor, this traditional office suite offers convenient access to the vibrant downtown area. The space boasts a large private corner office, two smaller adjacent private offices, and two spacious common areas, ideal for a variety of business needs. While the building does not offer on-site parking, nearby parking options are readily available at the Hanover Garage and Foundry Place Garage. Built in 1800, this Class B building is part of a three-story structure situated on a 0.36-acre lot. The total building size is 22,148 square feet, with this 1,600 square foot suite representing the minimum and maximum contiguous space available. This location provides unparalleled access to Portsmouth's bustling streets, diverse dining options, unique shops, and cultural attractions, all within a short walk. The suite is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,963 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CD4
APN
PRSM M:0106 B:0001 L:
UPID
US58-0620605
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Carlisle Capital Corporation Financial Advisor
-
Old City Hall Resort
-
Four Tree Island Advisory Financial Advisor
-
Colliander Field & Brown Law Firm
-
Colliander John Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$3.15M
Owner & transaction history
OLD CITY HALL
OLD CITY HALL
Zoning & alternative use
CD4 · Portsmouth, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Portsmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portsmouth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,955,000
6.5%
$3,650,000
7%
$3,390,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,965,000
Current use
AUTO REPAIR, GARAGE
$3,415,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$243 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$45,562
Tax year 2023
Assessed value
$2,824,700
Assessed 2023
Previous assessed
$2,824,700
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$921,700
Assessed improvement
$1,903,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
6
Total area
12,963 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CD4
APN
PRSM M:0106 B:0001 L:
UPID
US58-0620605
Jurisdiction
PORTSMOUTH CITY
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
CD4 · Portsmouth, NH
Zoning CD4 · permitted uses
CD4 · Portsmouth, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portsmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
6
Lot
0.36 ac
Current owner
From public records · entity-resolved
OLD CITY HALL
Individual
Free & Clear · 0 yrs held
Mailing address
126 DANIEL ST STE #200, PORTSMOUTH, NH 03801-3857
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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