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    Wooded Residential Development Lot Title is generated by Realmo AI

    119 Cherry Valley Road, Gilford, NH 03249

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    Claim this Listing
    For Sale
    $150,000

    LAND - Gilford, NH

    Lot size:
    1.80 Acres
    Added:
    Sep 3, 2024
    Days on Market:
    642
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 119 Cherry Valley Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    NRR
    Standard status
    Active
    Lot size
    1.80 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1088

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Mark Ashley
    Mark Ashley

    Listing agent Mark Ashley

    Listing office Maxfield Real Estate/Center Harbor 319 Whittier Hwy, Suite 2, Wolfeboro, NH

    Listing date Sep 3, 2024

    MLS# 5012441 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.

    HighLights

    • 1.8‑acre wooded lot with 270 ft of frontage on Cherry Valley Road (Route 11A) in Gilford
    • Town sewer, electricity, and internet access available at the street
    • Zoned Natural Resource Residential (NRR) allowing single‑family and two‑family residences
    • NRR zoning also permits open space uses and some accessory uses
    • Cable available; public sewer on site

    Overview

    This offering is a 1.8-acre wooded land parcel with approximately 270 feet of frontage on Cherry Valley Road (Route 11A) in Gilford. The property is zoned Natural Resource Residential (NRR), which is designed to allow a range of housing and related uses while protecting sensitive environmental features and land values. The listing notes that the NRR zoning allows single-family and two-family residences, along with open space uses and some accessory uses.

    Utilities and services are available at the street, including town sewer, electricity, and internet access. The location is described as convenient to town offices and schools, with Gunstock Mountain Resort nearby. The public remarks also indicate walkable proximity to the Potter Hill Sledding Area next door.

    This site is suited for buyers looking to plan a residential build within the NRR framework, particularly where the goal is to work with a wooded setting while retaining zoning flexibility for single- and two-family uses, open space, and certain accessory activities. With sewer, power, and internet available at the street, it supports practical development planning for prospective homeowners or investors considering residential development on a wooded lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Gym & Fitness Center Food Market Accounting Firm Garden Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilford
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.39955966
    Latitude
    43.55462365

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    FAQs

    What type of property is this?
    Residential land & home lot - 1.8-acre wooded parcel with 270 feet of road frontage and utilities available at the street for flexible residential planning.
    Where is this residential land & home lot located?
    The property is located at 119 Cherry Valley Road Gilford, NH.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 1.8‑acre wooded lot with 270 ft of frontage on Cherry Valley Road (Route 11A) in Gilford; Town sewer, electricity, and internet access available at the street; Zoned Natural Resource Residential (NRR) allowing single‑family and two‑family residences
    (603) 569-3128
    We can help!
    Listing Contact
    Mark Ashley
    Mark Ashley
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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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