Property profile

381 Portsmouth Ave Greenland, NH 03840

OFF-MARKET
Super regional malls
Property ID
US58-0409125
9,133 SF 1.04 ac lot Built 1998
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Financial Advisor
  • Restaurant
  • Cafe & Coffee Shop
  • (Bike/Boat/Book/etc) Store
  • Advocacy Group

Location

381 Portsmouth Ave Greenland, NH 03840-2258
Greenland metro Census 107500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.54M
CAP Approach CAP
$2.68M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.48M

Owner & transaction history

since 2025
Last sale
$2.1M
2 recorded transactions
2025
$2.1M
2011
Price N/A

Zoning & alternative use

COM · Greenland, NH
Top alternative use upside
Office building $1.7M +698.6%
Industrial (general) $1.6M +674.5%

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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