Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    655 Portsmouth Ave Greenland, NH 03840-2264

    • Commercial real estate
    • 2.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0080733
    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.

    Current Use by Public Records

    • Seacoast Body Balance (Merged with Ability Allies) / Physician
    • Deblauw Purchasing / Construction Company / General Contractor
    • New Hampshire Hearing & Blnc / Hearing Aid Store / Audiologist
    • Tiny Bully Branding Agency / Advertising Agency / Marketing & Advertising
    • Pawsh Pups / Pet Grooming Service

    Property Details for 655 Portsmouth Ave

    Lot size
    2.29 lot acres
    Zone code
    COM
    Property type
    Commercial real estate
    APN
    GRNL M:U B:6 L:65
    APU
    GRNLMUB6L65

    Description

    This 1,791 square foot retail end cap space at 655 Portsmouth Ave, Greenland, NH 03840, is located in a two-building, two-story commercial complex built in 1989. The property boasts high visibility and is currently configured as a retail storefront with a small private office, partial kitchen, large open display area, and a drive-thru window. Previously occupied by Woodbury Florist and Me & Ollie’s Café, the space is zoned commercial and offers flexible use, though paper service is only permitted if the space returns to restaurant use. Some existing equipment is negotiable. The property features separate utility metering for propane gas (HVAC) and Eversource electric. High-speed internet is available via Comcast, Verizon, and LightSpeed fiber. The property is part of a thriving commercial center with diverse tenants including Ability Allies, Aesthetica Facial Spa, New Hampshire Hearing & Balance, Pawsh Pups, Polite Mail, Seaglass IT Partners, Three Rivers Dental, Tiny Bully Branding Agency, and Tonic Hair Studio. The total building size is 18,471 square feet, situated on a highly visible location in Rockingham County. This is a single-tenancy space within a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenland
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.8433
    Latitude
    43.0355
    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
    2023
    $30,369
    $593,600
    $1,881,500
    $2,475,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,480 SF

      24 Bramber Vly Rd, Unit 30

      SHOW ROOM, WAREHOUSE • 4,480 SF
      24 Bramber Vly Rd, Greenland, NH 03840-2261
      View Details
    • Value Estimation
      $3,790,000
      49,355 SF

      1575 Greenland Rd

      SHOW ROOM, WAREHOUSE • 49,355 SF
      1575 Greenland Rd, Greenland, NH 03840-2440
      View Details
    • Value Estimation
      $570,000
      2,580 SF

      3 Riverside Dr

      SHOW ROOM, WAREHOUSE • 2,580 SF
      3 Riverside Dr, Greenland, NH 03840-2322
      View Details
    • Value Estimation by Request
      3.00 Acres

      3 Bruce Ct

      COMMERCIAL (GENERAL) • 3.00 Acres
      3 Bruce Ct, Greenland, NH 03840-2381
      View Details
    • Value Estimation by Request
      1.98 Acres

      747 Portsmouth Ave, Unit 759

      COMMERCIAL (GENERAL) • 1.98 Acres
      747 Portsmouth Ave, Greenland, NH 03840-2134
      View Details
    • Value Estimation
      $1,350,000
      4.94 Acres

      670 Portsmouth Ave, Unit 676

      COMMERCIAL (GENERAL) • 4.94 Acres
      670 Portsmouth Ave, Greenland, NH 03840-2227
      View Details

    Similar Nearby for Sale

    • $2,200,000
      9,133 SF

      Prime Greenland Commercial Building

      High-traffic location, strong tenants, great ROI.
      381 Portsmouth Ave, Greenland, NH 03840
      View Details
    • $2,495,000
      4,639 SF

      Prime Greenland Commercial Opportunity

      High-traffic location, 1.8 acres, two parcels.
      365 Portsmouth Ave, Greenland, NH 03840
      View Details
    • $925,000

      Greenland Office and Shop Space

      Free-standing building with office and garage/shop space for sale.
      35 Riverside Ln, Greenland, NH 03840
      View Details
    • New
      $1,500,000
      2.28 Acres

      Greenland Commercial Property on Route 33

      Versatile commercial property with high visibility and access on 2.28 acres.
      650 Portsmouth Ave, Greenland, NH 03840
      View Details
    • $216,000

      Greenland Industrial Condo - $216K

      1200 SF Warehouse/Flex Space for Sale
      26 Alden Ave, Greenland, NH 03840
      View Details
    • $895,000

      Industrial Condominium Near Route 33

      4,200 SF industrial condominium with easy highway access.
      434 Portsmouth Ave, Greenland, NH 03840
      View Details
    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.
    655 Portsmouth Ave
    Greenland, NH 03840-2264
    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

    Google sign-in failed. Please try again or use another login method.