Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Epping Restaurant Opportunity on Route 125 Title is generated by Realmo AI

    272 Calef Highway, Epping, NH 03042

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $575,000

    High-visibility restaurant with redevelopment potential on 2.2 acres.

    Property size:
    1,840 SF
    Lot size:
    2.20 Acres
    Price / SF:
    $312/SF
    Added:
    Apr 21, 2024
    Days on Market:
    762
    Last Refresh:
    May 13 at 8:36 pm

    Property Features for 272 Calef Highway

    General Information

    Standard status
    Active
    Size
    1,840 SF
    Lot size
    2.20 Acres
    Property subtype
    Other

    Building Details

    Year Built
    1976

    We can help!

    Listing Contact
    Bill Riffert

    Listing agent Bill Riffert

    Listing office EXP Realty

    Listing date Apr 21, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty

    HighLights

    • High‑visibility location on NH RT 125/Calef Highway, just off Exit 7 of NH RT 101.
    • 2.2 +/- acres of flat land with 200ft +/- of frontage and 25 paved parking spaces.
    • HC - Highway Commercial zoning permits retail, wholesale, professional establishments, and commercial planned development.
    • Existing restaurant infrastructure with 100+ seats (24 inside/80 outside) and potential for expansion.
    • Drilled well, municipal sewer, and three‑phase power on‑site; municipal water at the street.
    • Easy access to NH RT 101 and Manchester‑Boston Regional Airport.

    Overview

    Located on NH Route 125/Calef Highway, just off Exit 7 of NH Route 101, this property offers high visibility with over 200 feet of frontage. Traffic counts from 2015 indicate 21,000 vehicles per day, with traffic increasing since then. The property features 2.2 acres of flat land with 25 paved parking spaces and a small man-made pond. Zoned HC - Highway Commercial, permitted uses include retail, wholesale, professional establishments, and commercial planned development. The property is adjacent to high-density residential zoning. The site includes the former Haven Restaurant, built in 1986, with over 100 seats (24 inside and 80 outside with room for expansion). The restaurant previously held a beer and wine license for both inside and outside dining. The property has a drilled well, municipal sewer, and three-phase power. Municipal water is available at the street. It offers easy access to NH Route 101 and Manchester-Boston Regional Airport. The sale includes the land and building, presenting an opportunity to take over the existing restaurant or redevelop the property.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $388.9K
    NOI $35,001 @ 9.00% cap · cautious / downside scenario
    Moderate
    $500.0K
    NOI $35,001 @ 7.00% cap · market / base-case scenario
    Aggressive
    $700.0K
    NOI $35,001 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $47.9k $26.04
    − Vacancy −$1.2k −$0.68
    EGI $46.7k $25.36
    − OpEx −$11.7k −$6.34
    NOI $35.0k $19.02
    1,840 SF · lease $26.04/SF/yr · vacancy 2.60% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $500.0K
    $437.5K – $583.4K (±1% cap)
    NOI $35,001 @ 7.0% cap · market cap 6.09%
    Second Best
    Retail
    $371.6K
    $325.2K – $433.5K (±1% cap)
    NOI $26,012 @ 7.0% cap · market cap 4.52%
    Theoretical Best
    Office A
    $612.6K
    $536.0K – $714.7K (±1% cap)
    NOI $42,881 @ 7.0% cap · market cap 7.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Epping
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.062345
    Latitude
    43.043442

    Nearby Similar for Sale

    • $599,900
      3,495 SF

      Rehabbed Two-Family Home

      Spacious, renovated two-family home ideal for investors or owner-occupants.
      9 Blake Road, Epping, NH 03042
      View Details
    • $725,000
      3,180 SF

      Epping Commercial Property on Route 125

      Versatile commercial property with high visibility and flexible layout.
      275 Calef Highway, Epping, NH
      View Details
    • $239,999

      Epping Land Parcel For Sale

      11.6 acre parcel zoned IC for commercial/residential development.
      20 Indian River Rd, Epping, NH 03042
      View Details
    • $575,000
      1,840 SF

      Restaurant Opportunity on Calef Highway

      High-visibility restaurant with redevelopment potential near Route 101.
      272 Calef Hwy, Epping, NH
      View Details
    • $650,000

      Epping Commercial Land on Highway

      12-acre commercial lot with high visibility and easy access.
      Calef Highway, Epping, NH
      View Details
    • Contact for pricing

      Commercial/Industrial Land Assemblage

      Four-parcel assemblage zoned commercial/industrial with frontage on NH RT 101.
      Shirking Road, Epping, NH
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-visibility restaurant with redevelopment potential on 2.2 acres.
    Where is this restaurant located?
    The property is located at 272 Calef Highway Epping, NH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: High‑visibility location on NH RT 125/Calef Highway, just off Exit 7 of NH RT 101.; 2.2 +/- acres of flat land with 200ft +/- of frontage and 25 paved parking spaces.; HC - Highway Commercial zoning permits retail, wholesale, professional establishments, and commercial planned development.
    We can help!
    Listing Contact
    Bill Riffert
    Learn More
    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.
    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

    Thank You for Inquiry
    272 Calef Highway, Epping, NH 03042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!