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Property profile & analytics
OFF-MARKET
Estimated value
$8,440,000
Showrooms
34 Portsmouth Ave Stratham, NH 03885-2545
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US58-0350857
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1982
Total area
29,948 SF
Lot
10.65 ac (463,914 SF)
Zoning code
GCBD
APN
STRH M:00009 B:000118 L:000000
UPID
US58-0350857
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
-
Honda Parts Auto Parts Store
-
Honda Stratham Service Auto Repair Shop
-
Honda Stratham Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.97M
Blend (final)
Blend
$8.44M
Owner & transaction history
M&e Jespersen Rlty LLC · 4 yrs held
M&e Jespersen Rlty LLC
since 2021
Last sale
$9.0M
4 recorded transactions
Zoning & alternative use
GCBD · Stratham, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.4M
+94.5%
Auto repair, garage
$7.9M
+14.2%
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 Stratham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stratham 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
$10,700,000
ML approach
$11,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,910,000
Current use
RESTAURANT
$13,435,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,890,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$6,485,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$5,650,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$8.44M
Range $7.60M – $9.28M · ±10% · vs last sale $9.00M (Dec 15 2021)
Last sale anchor
$9.00M
Dec 15 2021
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
$282 / 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
$67,431
Tax year 2023
Assessed value
$3,224,800
Assessed 2023
Previous assessed
$3,224,800
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$1,895,900
Assessed improvement
$1,328,900
Applied tax rate
74,340.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1982
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
4
Total area
29,948 SF
Lot
10.65 ac (463,914 SF)
Zoning code
GCBD
APN
STRH M:00009 B:000118 L:000000
UPID
US58-0350857
Jurisdiction
STRATHAM TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
GCBD · Stratham, NH
Zoning GCBD · permitted uses
GCBD · Stratham, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stratham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.9M
RESTAURANT
Est. value
$13.4M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RETAIL STORES
Est. value
$6.5M
OFFICE BUILDING
Est. value
$5.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
10.65 ac
Current owner
From public records · entity-resolved
M&e Jespersen Rlty LLC
Entity
Mailing address
382 NEWBURY ST, DANVERS, MA 01923-1060
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
—
M & E Rlty LLC Jespersen
—
Deed
related
$4,350,000 · Td Bank NA
Jun 6, 2022
—
M&e Jespersen Realty LLC
—
Deed
related
$4,400,000 · American Honda Fin Co
Dec 15, 2021
$9,000,000
M&e Jespersen Rlty LLC
Meg RT
Quit Claim Arm's Length For Ne States
—
Aug 11, 2011
—
Meg RT
—
Deed Of Trust
related
$2,000,000 · J P Morgan Chase Bank
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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