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    Property profile & analytics
    OFF-MARKET Estimated value $3,580,000
    Office buildings

    282 Corporate Dr, Portsmouth, NH 03801-8008

    15,007 SF Built 2000
    Entity Owned 19-yr Hold Free & Clear
    Property ID
    US58-0556879
    Property summary
    AI-generated overview

    This exceptional 15,207-square-foot executive office building is situated in Portsmouth, New Hampshire's Pease International Tradeport, a premier business park. Conveniently located less than an hour from downtown Boston and easily accessible from I-95 Exit 3, the property boasts over 103 dedicated parking spaces. Built in 1950 and renovated in 2000, this single-story Class B building sits on a 5.19-acre lot and offers a loading dock and an outside covered deck. The property is zoned for business/commercial use and features ample signage opportunities on a pylon sign. The sale includes the seller's remaining lease term with the Pease Development Authority (PDA), a state agency, offering the potential for a lease extension of up to 74 years. This extended lease term provides flexibility for future renovations, expansion, and financing options. The building's strategic location provides direct access to I-95 and the Spaulding Turnpike, ensuring excellent visibility and accessibility. The potential for building expansion adds further value to this attractive investment opportunity. This freestanding building presents a unique opportunity to acquire a well-maintained, strategically located office building in a thriving business park.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2000
    Construction FRAME
    Total area 15,007 SF
    Zoning code ABC
    APN PRSM M:0315 B:0002 L:
    UPID US58-0556879
    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
    • Beacon Investigative Solutions Law Firm Security Service
    • Cloudburst Wine Brewery & Distillery Specialty Food Shop
    • Mc Eachern Alec Law Firm
    • Doyle Peter V Law Firm
    • Shaines & McEachern PA Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $4.23M
    Comparable Approach Comparable
    $4.06M
    Blend (final) Blend
    $3.58M
    Owner & transaction history
    SHAINES & MCEACHERN CO
    SHAINES & MCEACHERN CO
    Zoning & alternative use
    ABC · Portsmouth, NH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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