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    Property profile & analytics

    700 Lafayette Rd, Unit 2 Seabrook, NH 03874-6202

    • Commercial real estate
    • 120,362 SF
    • 32.29 lot acres
    OFF-MARKET
    Last Sale
    Oct 07, 2021
    $30,390,000
    Value Estimations
    $32,060,000
    Show details
    Cap Rate Potential
    3.1%
    Commercial real estate
    Location Intelligence
    Property ID
    US58-0419816
    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

    • Yankee Candle / Home Decor Store
    • Maurices / Clothing & Fashion Store
    • Walmart Photo Center / (Bike/Boat/Book/etc) Store
    • N & K Nails / Nail Salon
    • GNC / (Bike/Boat/Book/etc) Store / Pharmacy

    Property Details for 700 Lafayette Rd

    Year built
    2013
    Construction
    STEEL FRAME
    Lot size
    32.29 lot acres
    Property size
    120,362 SF
    Zone code
    LA4
    Property type
    Commercial real estate
    APN
    SEAB M:8 B:55 L:200
    APU
    SEABM8B55L200

    Description

    Seabrook Commons, a thriving retail center in Seabrook, NH, offers exceptional opportunities for businesses seeking high-traffic locations. Situated less than two miles from the Massachusetts border, this property enjoys significant draw from a large trade area, boosted by its convenient proximity to I-95 and the attraction of tax-free shopping. The center boasts a total of 393,000 square feet, with two available spaces ranging from 2,000 to 5,740 contiguous square feet. A total of 7,740 square feet is currently vacant, presenting immediate occupancy possibilities. The property features a strong tenant mix, ensuring a vibrant and successful retail environment. Excellent visibility and accessibility are key advantages, with prominent signage and ample parking along heavily trafficked US Route 1. This location benefits from being in one of New Hampshire's most robust retail markets. The property includes 76 total parking spaces to accommodate customers and employees. Located in Rockingham County, this retail center provides a strategic location for businesses seeking to capitalize on the region's strong retail demand. The minimum divisible space is 2,000 square feet, making it suitable for a variety of retail and medical uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $36,125,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $39,213,000
      Market price range: $13.1M - $47.0M
      AI Estimate
      $24,174,000
      Market price range: $4.72M - $25.7M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $27,765,000
      Current use
      AUTO REPAIR, GARAGE
      $31,710,000
      Change: +14% Conversion: Difficult
      RETAIL STORES
      $26,060,000
      Change: -6% Conversion: Easy
      OFFICE BUILDING
      $22,700,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Seabrook
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.867
    Latitude
    42.8941
    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
    $448,084
    $11,694,400
    $17,999,700
    $29,694,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      32.84 Acres

      944 Lafayette Rd

      COMMERCIAL (GENERAL) • 32.84 Acres
      944 Lafayette Rd, Seabrook, NH 03874-4216
      View Details
    • Value Estimation by Request
      14.30 Acres

      223 State Rte 107

      COMMERCIAL (GENERAL) • 14.30 Acres
      223 State Rte 107, Seabrook, NH 03874-4173
      View Details
    • Value Estimation by Request
      1,008 SF

      25 Perkins Ave

      COMMERCIAL (GENERAL) • 1,008 SF
      25 Perkins Ave, Seabrook, NH 03874-4260
      View Details
    • Value Estimation
      $745,000
      3,500 SF

      265 Lafayette Rd

      COMMERCIAL (GENERAL) • 3,500 SF
      265 Lafayette Rd, Seabrook, NH 03874-4512
      View Details
    • Value Estimation
      $750,000
      6,352 SF

      896 Lafayette Rd

      SHOW ROOM, WAREHOUSE • 6,352 SF
      896 Lafayette Rd, Seabrook, NH 03874-4216
      View Details
    • Value Estimation by Request
      1,200 SF

      255 Lafayette Rd, Unit 5

      COMMERCIAL CONDOMINUIM • 1,200 SF
      255 Lafayette Rd, Seabrook, NH 03874-4512
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,225 SF

      Seabrook Office Building For Sale

      24,225 SF professional office building with solar array.
      135 Folly Mill Rd, Seabrook, NH 03874
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    • $3,500,000

      Seabrook Office Building - Prime Location

      Modern Office/Warehouse, I-95 Access, Leased
      20 London Ln, Seabrook, NH 03874
      View Details
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      Seabrook Commercial Investment Opportunity

      Net lease investment opportunity in Seabrook, New Hampshire.
      20 London Ln, Seabrook, NH 03874
      View Details
    • $799,900
      0.76 Acres

      Route One Commercial Opportunity

      High-visibility commercial land on Route One in Seabrook, NH.
      4 Lakeshore Dr, Seabrook, NH 03874
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    Similar Nearby for Lease

    • Contact for pricing

      Seabrook Office Space For Lease

      Office space in Governor Weare Building, Seabrook, NH. $400/month.
      727 Lafayette Rd, Seabrook, NH 03874
      View Details
    • Contact for pricing
      836,352 SF

      Seabrook Commercial Space For Lease

      Freestanding warehouse/manufacturing building with retail presence on busy retail corridor.
      894 Lafayette Rd, Seabrook, NH 03874
      View Details
    • Contact for pricing

      Seabrook Office Space For Lease

      Unique office leasing opportunity on high-traffic Route 1 in Seabrook.
      920 Lafayette Rd, Seabrook, NH 03874
      View Details
    • $13 SF/Yr
      8,445 SF

      Seabrook Industrial Flex Space

      8,445 SF Flex Warehouse Available
      0 Whitaker Rd, Seabrook, NH 03874
      View Details
    • Contact for pricing
      7,520 SF

      Retail Space in Seabrook Crossing

      Retail space available in a busy shopping center.
      21 Chevy Chase Rd, Seabrook, NH 03874
      View Details
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    Seabrook, NH 03874-6202
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    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
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