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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Super regional malls
381 Portsmouth Ave, Greenland, NH 03840-2258
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US58-0409125
Property summary
AI-generated overview
This exceptional 9,000 square foot, two-story commercial building, located at 381 Portsmouth Avenue in Greenland, New Hampshire (zip code 03840), presents a prime retail opportunity. The property boasts seven suites in total, with one 1,800+ square foot space currently available for lease, starting May 15th. Situated on 1.1 acres of land, this Class B building, constructed in 2000, enjoys a highly visible location at the signalized intersection of Route 33 and Route 151, experiencing 33,000 cars passing daily. The available space features tall ceilings, a flexible open concept layout, economical gas heat, and central air conditioning. Ample parking is provided with 40 spaces available. The building offers tremendous signage opportunities, including building signage and a pylon sign. The property is zoned commercial and has three-phase 400-amp power. The monthly lease rate is $2,000. Property taxes are $15,000 annually. While there are no elevators, this second-floor space offers privacy and is ideal for a variety of retail or office uses. Join established businesses such as Dunkin' Donuts and Edward Jones in this thriving commercial center.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1998
Construction
FRAME
Total area
9,133 SF
Lot
1.04 ac (45,302 SF)
Zoning code
COM
APN
GRNL M:U B:4 L:21
UPID
US58-0409125
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
-
Edward Jones - Financial Advisor: John M St Pierre, AAMS® Financial Advisor
-
Greenland Famous Roast Beef & Seafood Restaurant
-
Dunkin' Cafe & Coffee Shop
-
Cowabunga Media (Bike/Boat/Book/etc) Store
-
UE Field Office (UE Local 228) Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.96M
Owner & transaction history
Djs Realty LLC · 1 yrs held
Djs Realty LLC
since 2025
Last sale
$2.1M
2 recorded transactions
Zoning & alternative use
COM · Greenland, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+698.6%
Industrial (general)
$1.6M
+674.5%
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 Greenland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenland 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
$1,475,000
ML approach
$1,535,000
CAP Approach
CAP Return
Estimation
6%
$2,895,000
6.5%
$2,675,000
7%
$2,480,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,660,000
Change: +699% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,610,000
Change: +675% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±10% · vs last sale $2.07M (Mar 28 2025)
Last sale anchor
$2.07M
Mar 28 2025
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
$215 / 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
$15,161
Tax year 2023
Assessed value
$1,235,600
Assessed 2023
Previous assessed
$1,181,000
+4.6% YoY
Effective rate
1.23%
On assessed value
Assessed land
$303,300
Assessed improvement
$932,300
Applied tax rate
31,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Total area
9,133 SF
Lot
1.04 ac (45,302 SF)
Zoning code
COM
APN
GRNL M:U B:4 L:21
UPID
US58-0409125
Jurisdiction
GREENLAND TOWN
Metro division
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH METROPOLITAN DIVISION
Zoning & alternative use
COM · Greenland, NH
Zoning COM · permitted uses
COM · Greenland, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1998
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Lot
1.04 ac
Current owner
From public records · entity-resolved
Djs Realty LLC
Entity
Mailing address
111 BOW ST, PORTSMOUTH, NH 03801-3838
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$2,065,000
Djs Realty LLC
Asrt LLC
Warranty Deed
$1,200,000 · Salem Five Cents Savings Bank
Apr 7, 2011
—
John N Samonas
—
Deed Of Trust
related
$975,000 · Provident Bank INC
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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