Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    347 Shattuck Way Newington, NH 03801
    Back to Search
    Property profile & analytics

    347 Shattuck Way, Newington, NH 03801

    View on Map
    • Turn key restaurants
    • 16,470 SF
    • 4.09 lot acres
    For Sale
    $2,950,000
    View Listing →
    Newington Redevelopment Opportunity For Sale For Sale
    $2,950,000
    16,470 SF

    Newington Redevelopment Opportunity For Sale

    16,470 SF building on 6.69 acres near Spaulding Turnpike.

    347 Shattuck Way, Newington, NH 3801
    View Listing
    Property ID
    US58-0217845
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 347 Shattuck Way

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.09 lot acres
    Zone code
    OFF
    Property type
    Turn key restaurants
    APN
    NWNG M:13 B:01A L:
    APU
    NWNGM13B01AL

    Description

    This exceptional 16,470 square foot commercial property, situated on a 6.69-acre lot in Newington, NH, presents a unique investment opportunity. Boasting a highly visible location directly off Exit 4 of the Spaulding Turnpike, this site benefits from over 70,000 vehicles passing daily. The existing building is currently configured as a fully equipped restaurant and banquet facility, ready for immediate operation or redevelopment. High-volume restaurant equipment, including industrial ovens, stoves, grills, and ample commercial-grade refrigeration, is included. A substantial concrete basement provides extensive storage capacity, complemented by a large asphalt parking lot suitable for customer and employee parking, as well as product display. Municipal utilities are readily available. The property's versatile zoning and ample space offer significant potential for expansion, redevelopment, or repurposing, making it an attractive prospect for developers and investors seeking a high-traffic location with substantial existing infrastructure. The combination of existing improvements and prime location creates a compelling opportunity for a variety of commercial ventures. This property is priced at $3,600,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $781,000
      Market price range: $782k - $3.30M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.8151
    Latitude
    43.1108
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,088
    $289,700
    $1,237,400
    $1,527,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $690,000
      17,500 SF

      140 Ww Rd

      RESTAURANT
      140 Ww Rd, Portsmouth, NH 03801-5653
      View Details
    • Value Estimation by Request
      3,544 SF

      77 Daniel St

      RESTAURANT
      77 Daniel St, Portsmouth, NH 03801-3810
      View Details
    • Value Estimation by Request
      1,249 SF

      531 Islington St

      RESTAURANT
      531 Islington St, Portsmouth, NH 03801-4225
      View Details
    • Value Estimation by Request
      2,504 SF

      2319 Lafayette Rd

      RESTAURANT
      2319 Lafayette Rd, Portsmouth, NH 03801-5879
      View Details
    • Value Estimation
      $6,410,000
      14,787 SF

      581 Lafayette Rd

      RESTAURANT
      581 Lafayette Rd, Portsmouth, NH 03801-5406
      View Details
    • Value Estimation by Request
      484 SF

      22 Daniel St

      RESTAURANT
      22 Daniel St, Portsmouth, NH 03801-3829
      View Details

    Similar Nearby for Sale

    • $149,000

      Turnkey Restaurant Opportunity in Portsmouth

      Turnkey restaurant with dining rooms, bars, patio in Portsmouth.
      175 High St, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      12,780 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with income and growth potential in downtown location.
      165-172 Hanover St, Portsmouth, NH 03801
      View Details
    • $4,390,000

      Mixed-Use Investment Opportunity

      Mixed-use property with income streams in downtown Portsmouth, NH.
      172 Hanover St, Portsmouth, NH 03801
      View Details
    • $3,900,000
      16,470 SF

      Newington Retail Investment Opportunity

      Prime 16,470 SF Retail Building, NH
      347 Shattuck Way, Newington, NH 03801
      View Details
    • $2,350,000
      3,798 SF

      Downtown Portsmouth Commercial Condominium

      Adaptable commercial space in vibrant downtown Portsmouth.
      40 Bridge St, Portsmouth, NH 03801
      View Details
    • $975,000
      1,810 SF

      Prime Seacoast NH Cafe/Retail Condo

      Turnkey cafe, beach proximity, 1810 sq ft.
      0 Confidential Rd, Newington, NH 03801
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr

      Iconic Restaurant Location in Portsmouth

      Prime downtown restaurant space in a former bank building.
      22 Market Sq, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      4,356 SF

      Iconic Restaurant Location in Portsmouth

      Prime Portsmouth restaurant space with 165 seats and outdoor dining.
      22 Market Sq, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      61,855 SF

      Prime Retail Space on Route 1

      7,000 SF retail space in high-visibility Portsmouth location.
      2299 Lafayette Rd, Portsmouth, NH 03801
      View Details
    • Contact for pricing
      1,950 SF

      Retail Space in Heritage Commons

      Retail space available in Portsmouth's Heritage Commons shopping center.
      2800 Lafayette Rd, Portsmouth, NH 03801
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    347 Shattuck Way
    Newington, NH 03801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    347 Shattuck Way, Newington, NH, 03801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!