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    92 Portsmouth Ave Exeter, NH 03833
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    92 Portsmouth Ave, Exeter, NH 03833

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    • Super regional malls
    • 29,815 SF
    • 1.49 lot acres
    For Lease
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    Commercial Land For Lease For Lease
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    Commercial Land For Lease

    Commercial land available for lease in Exeter, New Hampshire.

    92 Portsmouth Avenue, Exeter, NH 03833
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    Property ID
    US58-0057617
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 92 Portsmouth Ave

    Year built
    1940
    Construction
    FRAME
    Lot size
    1.49 lot acres
    Zone code
    C-2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    EXTR M:065 L:122
    APU
    EXTRM065L122

    Description

    This exceptional office space is situated within the prestigious Exeter Plaza Landmark Complex in Exeter, New Hampshire. The property boasts a highly desirable location, benefiting from excellent visibility and accessibility. The complex features a strong anchor tenant, New England Pizza, ensuring a vibrant and established commercial environment. While the exact square footage is not currently specified, this listing presents a unique opportunity to secure office space in a well-regarded building. The address is 92 Portsmouth Avenue, Unit 21, Exeter, NH. The property is offered at a price of $16 (the unit of measurement for this price is not specified in the provided information). This listing is perfect for businesses seeking a professional and convenient location in a thriving community. The property is located in a plaza setting, offering potential for synergy with other businesses. Further details regarding the specific layout, amenities, and lease terms are available upon request. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is an office space, and the lot size is zero acres. The building's established presence and the anchor tenant contribute to a stable and attractive investment prospect. This is a rare chance to establish a business presence in a highly sought-after Exeter location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Exeter
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.936
    Latitude
    42.9872
    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
    $38,392
    $1,034,400
    $399,200
    $1,433,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $565,000
      16,450 SF

      75 Portsmouth Ave

      REGIONAL SHOPPING CENTER, MALL
      75 Portsmouth Ave, Exeter, NH 03833-2139
      View Details
    • Value Estimation by Request
      23,004 SF

      79 Rte 27th, Unit 113

      REGIONAL SHOPPING CENTER, MALL
      79 Rte 27th, Brentwood, NH 03833-6618
      View Details
    • Value Estimation by Request

      141 Portsmouth Ave

      Neighborhood centers
      141 Portsmouth Ave, Exeter, NH 03833
      View Details
    • Value Estimation by Request
      3,804 SF

      148 Portsmouth Ave

      RESTAURANT
      148 Portsmouth Ave, Exeter, NH 03833-2108
      View Details
    • Value Estimation
      $2,605,000
      20,262 SF

      9 Buzell Ave

      SHOW ROOM, WAREHOUSE
      9 Buzell Ave, Exeter, NH 03833-2522
      View Details
    • Value Estimation by Request

      32 Linden St

      SHOW ROOM, WAREHOUSE
      32 Linden St, Exeter, NH 03833
      View Details

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      Exeter Mixed-Use Property For Sale

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      Restaurant Redevelopment Land Parcel

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    • $925,000
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      Mixed-Use Property in Desirable Location

      Charming mixed-use property with residential and commercial potential.
      3 Portsmouth Ave, Exeter, NH 03833
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    Similar Nearby for Lease

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      3,500 SF

      Exeter Retail Space For Rent

      Community shopping center in Exeter retail district, high traffic.
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      Exeter Commons Retail Space

      Community shopping center in Exeter/Stratham retail district.
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      Renovated Retail Space in Exeter

      Newly renovated retail space in a convenient, visible Exeter location.
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      View Details
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      3,400 SF

      Route 125 Commercial Land

      High-visibility land with frontage on Route 125 in Brentwood, NH.
      66 Route 125, Brentwood, NH 03833
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      65,340 SF

      Route 125 Commercial Land

      High-visibility land with frontage on Route 125 in Brentwood, NH.
      66 Route 125, Brentwood, NH 03833
      View Details
    • $1,900 /Mo

      Commercial Space on Route 111

      Commercial space for lease on busy Route 111.
      12 Kingston Rd, Exeter, NH 03833
      View Details
    View Listing
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    Exeter, NH 03833
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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.

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