Property profile

30 Penhallow St Portsmouth, NH 03801

OFF-MARKET
Office buildings
Property ID
US58-0541354
20,311 SF 0.39 ac lot Built 2000
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property includes a 3,921-square-foot executive office suite within a historic multi-tenant building in downtown Portsmouth. The suite is designed for private access via an elevator opening directly into the office space, and is laid out with six private offices, a smaller interior office that can function as a compact conference room, a dedicated copy area, a well-equipped kitchen, a large open reception area, and a spacious conference room. Office areas have perimeter window lines providing natural light and window views. The building is adjacent to a marketplace and landscaped courtyard featuring large-scale sculptures and a fountain seating area. The structure was originally built in 1891 and historically housed the Rockingham County Jail until 1950 and later operated as the city police station until 1991. It is the sole surviving example of Richardsonian Romanesque architecture in downtown Portsmouth, characterized by an asymmetrical facade, slate hip roof, and brick, granite, and terra cotta exterior details. Following remodeling after acquisition in 1994, original jail-era elements such as cells and window bars were removed and floors were rebuilt, and a four-story modern brick and granite addition was completed in 2001. The overall building comprises approximately 34,000 square feet and is configured as leased business suites.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,311 SF
Lot 0.39 ac (16,988 SF)
Zoning code CD4
APN PRSM M:0107 B:0042 L:
UPID US58-0541354

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
  • Bank
  • Financial Advisor
  • Corporate Office
  • Law Firm
  • Insurance Agency

Location

30 Penhallow St Portsmouth, NH 03801-8434
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
$5.72M
Comparable Approach Comparable
$5.67M
Blend (final) Blend
$5.59M

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2021
Price N/A

Zoning & alternative use

CD4 · Portsmouth, NH
Zoning description

Character District 4-W CD4-W Character District 4 CD4 Character District 5 CD5 Business Districts General Business GB To provide for a wide range of retail and commercial uses in areas with excellent regional highway acc…

General category MIXED_USE
Top alternative use upside
Commercial (general) $9.2M +47.4%
Restaurant $9.1M +46.7%

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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