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    Property profile & analytics
    OFF-MARKET Estimated value $3,660,000
    Office buildings

    127 Parrott Ave, Portsmouth, NH 03801-4402

    14,949 SF 0.94 ac lot Built 1952
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US58-0610007
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Petersen Engineering Inc Engineering Consultant
    • New Hampshire Association-The Blind Social Service Agency Charitable Organization
    • Butterlux Bakery Bakery Specialty Food Shop
    • Three Phase Line Construction, Inc. General Contractor
    • Hoefle Phoenix Gormley & Roberts, PLLC Law Firm
    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
    127 Prrrot Ave LLC · 1 yrs held
    127 Prrrot Ave LLC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    MRO · Portsmouth, NH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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