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    770 Jobs Creek Road Sunapee, NH 03782

    View on Map
    For Sale
    Under Contract
    $4,250,000

    Multi-Family - Sunapee, NH

    Property size:
    1,538 SF
    Lot size:
    1.10 Acres
    Added:
    Jul 17, 2025
    Days on Market:
    260
    Last Refresh:
    Apr 2 at 6:06 am

    Property Features for 770 Jobs Creek Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Rural Residential
    Bedrooms
    13
    Bathrooms
    6
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Paved or Surfaced
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active Under Contract
    Size
    1,538 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    35952

    Utilities

    Heating system
    Oil, Propane (Heating)

    Building Details

    Year built
    1950
    Floors in Building
    1.75
    Number of units
    6
    Flooring type
    Hardwood
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    O'Halloran Group

    Listing agent O'Halloran Group

    Listing office KW Coastal and Lakes & Mountains Realty/N.London 256 Main Street, Portsmouth, NH

    Listing date Jul 17, 2025

    MLS# 5052153 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Sunapee Waterfront Multi-Family Property

    This Lake Sunapee waterfront property, situated in Georges Mills Harbor, offers a rare opportunity. The property spans 1.1 acres with 294 feet of waterfront. It includes a main house, 5 cottages, and 7 boat slips, presenting a range of possibilities such as continuing to rent the slips and cottages, building a dream home, or exploring development options. Lake Sunapee spans the towns of New London, Sunapee, and Newbury, and is a 4,085-acre glacial lake with a max depth of 112 feet. The property includes a large crib dock, swim raft, shuffleboard and horse shoes. It is desirable for boating and exploring. The location offers quick access to the lake and surrounding amenities, and is minutes from I-89. The property has a spacious driveway for parking and matured landscaping. New London and Sunapee Harbor are 10 minutes away for restaurants, shopping, farmers markets, summer concerts and theatre. Mt Sunapee is 15 minutes away for winter activities. The property is 30 minutes to Dartmouth Health and the Upper Valley for entertainment, dinner options and shops, and Boston is about 1.5 hours away. The property has been in the same family for 50 years. The property has a total size of 1538 square feet. The rental income from the 5 cottages is $105,900 and the additional rental income from the 7 boat slips is $33,600.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Building Supply Department Store Hotel & Motel Storage Facility Food Market Garden Center Grocery & Convenience Store Grocery & Convenience Store Veterinary Clinic Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sunapee
    County
    Sullivan
    State
    New Hampshire
    Longitude
    -72.0681204
    Latitude
    43.4277579

    Nearby Similar for Sale

    • $925,000
      5,330 SF

      Sunapee Multifamily Investment Opportunity

      Fully rented 8-unit multifamily property in Sunapee, New Hampshire.
      31 High Street, Sunapee, NH 03782
      View Details
    • $1,950,000
      21,686 SF

      Historic Estate with Income Potential

      14.7-acre estate with historic buildings and income-generating opportunities.
      242 Prospect Hill Rd, Sunapee, NH
      View Details

    FAQs

    What type of property is this?
    Campground - Rare waterfront property with main house, cottages, and boat slips.
    Where is this campground located?
    The property is located at 770 Jobs Creek Road Sunapee, NH.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Rare Lake Sunapee waterfront property with 1.1 acres and **294' of frontage in Georges Mills Harbor.**; Includes a main house, 5 cottages, and 7 boat slips, offering diverse income or development potential.; **Significant rental income potential:** $105,900 from cottages and $33,600 from boat slips.
    (603) 526-8600
    We can help!
    Listing Contact
    O'Halloran Group
    Learn More
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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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