Property profile

127 Parrott Ave Portsmouth, NH 03801

OFF-MARKET
Office buildings
Property ID
US58-0610007
14,949 SF 0.94 ac lot Built 1952
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,470 square foot office suite is available for lease at 127 Parrott Ave, Portsmouth, NH 03801. Located on the second floor of a professionally managed building, this space offers breathtaking views of Portsmouth's scenic South Mill Pond and City Hall. The suite boasts an open office area with ample space for up to sixteen employees, configured with existing cubicles. A large conference room is also included, ideal for meetings and presentations. Built in 1952 and extensively renovated in 2013, the building features an attractive entrance and well-maintained common areas filled with natural light. Full ADA accessibility is ensured through interior and exterior accommodations, including elevator service. Convenient shared restrooms and a kitchen maximize the usable space within each suite. Ten dedicated parking spaces are provided, supplemented by visitor parking and readily available free on-street parking. The building is zoned MRO and situated in Rockingham County. This single-tenant space is part of a larger building totaling 23,166 square feet. The building is home to established professional firms, creating a prestigious and collaborative environment. This is a rare opportunity to secure a highly desirable waterfront office space in the heart of Portsmouth.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1952
Construction FRAME
Total area 14,949 SF
Lot 0.94 ac (40,946 SF)
Zoning code MRO
APN PRSM M:0115 B:0003 L:
UPID US58-0610007

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
  • Engineering Consultant
  • Social Service Agency Charitable Organization
  • Bakery Specialty Food Shop
  • General Contractor
  • Law Firm

Location

127 Parrott Ave Portsmouth, NH 03801-4402
Portsmouth metro Census 69100 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
$4.21M
Comparable Approach Comparable
$3.74M
Blend (final) Blend
$3.66M

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

MRO · Portsmouth, NH
Zoning description

Mixed Residential Office MRO To provide areas where a limited range of business establishments, including live/work units, can be located near or adjacent to residential development, providing a transition between reside…

General category MIXED_USE

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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