Granite Steak & Grill
For Sale
$3,900,000
11 Farmington Rd, Rochester, NH 03867
Restaurant property for sale on Farmington Road, Rochester, NH.
Property Size9,260 SF
Price / SF$421.17
Days on Market207
Property Features for 11 Farmington Rd
General Information
Standard status
Active
Size
9,260 SF
Building Details
Year Built
1968
Listing Agency:
Duston Leddy Real Estate
Listed By:
Jamieson Duston
(603) 365-5848
Source:
Fhghomesnh
Added: Mar 25
Changed: Oct 9
Last Checked: Oct 7 at 3:20PM
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 Duston Leddy Real Estate
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Investment Insights
Based on property information with market context.
The Granite Steak & Grill restaurant property is available for sale. It is located on Route 11, also known as Farmington Road, in Rochester, Strafford County, New Hampshire. The property is accessible from Route 16.
Key Highlights
- Finished basement provides extra living space
- Walk‑out basement access for easy outdoor enjoyment
- Full basement offers ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,312
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,886,240
$2.9M
Cap Rate 7%
$2,061,600
$2.1M
Cap Rate 9%
$1,603,467
$1.6M
Market Conditions
NOI Build-Up for 9,260 SF
Gross rent
$200.0K $21.60/SF
− Vacancy
−$7.6K −$0.82/SF
EGI
$192.4K $20.78/SF
− OpEx
−$48.1K −$5.19/SF
NOI
$144.3K $15.58/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,886,240
Cap Rate 7%
$2,061,600
Cap Rate 9%
$1,603,467
Alternative Uses
Best Use
Specialty Retail
$2.06M
$1.80M – $2.41M
NOI $144,312 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,414 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Rochester Toyota
Shops & Services
2,756 visits/mo
0.5 miles
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property for sale on Farmington Road, Rochester, NH.
Where is this conventional restaurant located?
The property is located at 11 Farmington Rd Rochester, NH.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Finished basement provides extra living space; Walk‑out basement access for easy outdoor enjoyment; Full basement offers ample storage
