Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    White Mountain Hwy Conway, NH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4.8-acre site suitable for restaurant, retail, or multi-family development.

    Type:LAND
    Lot size:
    4.80 Acres
    Added:
    Sep 11, 2023
    Days on Market:
    955
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for White Mountain Hwy

    General Information

    Standard status
    Active
    Lot size
    4.80 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Andrew Smith

    Listing agent Andrew Smith

    Listing office Badger Peabody & Smith Realty

    Listing date Sep 11, 2023

    Source Moodyscre

    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 Badger Peabody & Smith Realty

    Overview

    4.8 Acre Development Site

    This 4.8-acre site is located one mile from North Conway Village in Restaurant Row and features 400 feet of road frontage. The property allows for the development of a 150-seat restaurant, a 9,890 square foot retail building, 19 multi-family units, or a 9-unit Planned Unit Development. The site includes a 1.1-acre level area and 3.7 acres of low land with over 400 feet of frontage on the Saco River.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Conway
    County
    Carroll
    State
    New Hampshire
    Longitude
    -71.1389
    Latitude
    44.0767

    Nearby Similar for Sale

    • $399,000

      Commercial Office Building Near Route 16

      Well-maintained commercial office building with flexible space and excellent visibility.
      290 East Side Road, Conway, NH 03818
      View Details
    • $625,000

      Conway Village Commercial Corner Property

      Commercial property with retail, office, and residential potential.
      14 Washington Street, Conway, NH 03818
      View Details
    • $615,000
      3,182 SF

      Versatile Multi-Family Property in Conway

      Two homes on a spacious lot near Conway's attractions.
      41 Linden Road, Conway, NH 03860
      View Details
    • $799,000

      Multi-Use Commercial Building For Sale

      Versatile investment opportunity in Conway Village with diverse tenant mix.
      24 Pleasant Street, Conway, NH 03818
      View Details
    • $140,000

      Commercial Office Space For Sale

      Office space in good condition near North Conway Village.
      2977 White Mountain Highway, Conway, NH 03860
      View Details
    • $1,475,000

      Authentic Irish Bar & Restaurant

      Turn-key Irish bar and restaurant with expansion potential.
      3002 White Mountain Highway, Conway, NH 03860-2128
      View Details
    • $159,000

      Conway Commercial Lot For Sale

      1.1 acre commercial lot in Conway, NH for sale.
      57 Eastern Avenue, Conway, NH 03813
      View Details
    • $4,400,000

      Boutique Spa/Wellness Hotel Opportunity

      Scandinavian-inspired spa/wellness hotel in North Conway, New Hampshire for sale.
      2906 White Mountain Highway, Conway, NH 03860
      View Details
    • $825,000

      Conway Office Suites For Sale

      Office suites with meeting spaces, kitchenette, and ample parking.
      53 Technology Lane, Conway, NH 03818
      View Details
    • $959,000
      3,056 SF

      Renovated Multi-Family Home Near Cranmore

      Renovated, furnished multi-family home near North Conway and Cranmore.
      970 Kearsarge Road, Conway, NH 03860
      View Details
    • $1,300,000

      Historic Isaac Merrill House Opportunity

      Historic property near North Conway Village with flexible potential.
      720 Kearsarge Road, Conway, NH 03860
      View Details
    • $149,900

      Residential Lot in Hale Estates

      Build your dream home in a premier Conway neighborhood.
      143 Holly Ridge Lane, Conway, NH 03818
      View Details

    FAQs

    What type of property is this?
    Land - 4.8-acre site suitable for restaurant, retail, or multi-family development.
    Where is this land located?
    The property is located at White Mountain Hwy Conway, NH.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Prime location: One mile from North Conway Village in Restaurant Row.; Significant development potential: Approved for a 150‑seat restaurant, 9,890 sq ft retail building, 19 multi‑family units, or a 9‑unit Planned Unit Development.; Substantial land size: 4.8‑acre site with diverse topography.
    (603) 616-9443 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Andrew Smith
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!