Property profile

775 Lafayette Rd Portsmouth, NH 03801

OFF-MARKET
Commercial real estate
Property ID
US58-0581830
112,872 SF 9.43 ac lot Built 1985
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A retail property, formerly Namco Pool, offers a single-tenant opportunity totaling 22,704 square feet of vacant space within a larger 117,646 square foot building. The property boasts a convenient location with easy access from Route 1, placing it within a super regional trade area. The building features high ceilings, averaging 14+ feet, providing a versatile and spacious environment. Ample parking is available with 544 spaces to accommodate customers and employees. The property is situated in a thriving plaza alongside established and reputable tenants including Margaritas, FedEx, Planet Fitness, Ethan Allen, West Marine, and Harbor Freight. The high visibility and strong co-tenancy contribute to a desirable location with significant foot traffic. The average daily traffic count on Lafayette Road is 24,000 vehicles, ensuring consistent exposure for your business. This single-story building presents a unique opportunity for a variety of retail uses, with flexible space options ranging from 10,416 to 22,704+ square feet. Don't miss this chance to establish your business in a prime retail location with exceptional visibility and accessibility.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 112,872 SF
Lot 9.43 ac (410,771 SF)
Zoning code G1
APN PRSM M:0245 B:0001 L:
UPID US58-0581830

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
  • (Bike/Boat/Book/etc) Store
  • Take-out & Catering Catering Service
  • Gym & Fitness Center
  • Tax Preparation
  • Alternative Medicine Practice Spa & Massage Center

Location

775 Lafayette Rd Portsmouth, NH 03801-7400
Portsmouth metro Census 69700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$16.18M
Comparable Approach Comparable
$8.82M
Blend (final) Blend
$14.44M

Owner & transaction history

Zoning & alternative use

G1 · Portsmouth, NH
Zoning description

Mixed Use Corridor G1 The purpose of this district is to facilitate a broad range of housing types together with compatible commercial, fabrication, and civic uses in a high-quality pedestrian environment with moderate t…

General category CIVIC_INSTITUTIONAL

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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