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    88 Sunset Dr Belmont, NH 03220

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    For Sale
    $2,000,000

    Multifamily properties

    Lot size:
    0.22 Acres

    Property Features for 88 Sunset Dr

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.22 Acres

    Building Details

    Year built
    1984

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    Listing Contact
    Tracy Jenkins
    Source: Elliman

    Listing Agent: Tracy Jenkins

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

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    Overview

    Welcome to the lake life you’ve been dreaming about on beautiful Lake Winnisquam! Perfectly positioned on the shores of NH's third-largest lake, this rare waterfront property offers direct lake access, a 40-foot dock & a permitted mooring making it effortless to spend long summer days boating, swimming & soaking in the stunning natural beauty of the Lakes Region. Offered for the first time in over four decades, this beloved family retreat captures the true spirit of a classic 1984 lake cabin, offering just under 4,000 square feet of inviting living space designed for gathering, relaxing & creating unforgettable memories. The main home features six bedrooms & two bathrooms, with two spacious living rooms that provide plenty of room for entertaining guests or cozy evenings by the fire. The open-concept kitchen & dining area create the perfect hub for lake gatherings, while oversized windows invite in natural light & peaceful water views. One of the home’s most cherished spaces is the massive sun porch, ideal for morning coffee, sunset dinners & rainy-day card games. A three-season porch adds even more space to enjoy the fresh lake breeze. Outside, a rare flat yard at the water’s edge offers the perfect setting for lawn games, family barbecues & effortless access to the lake. Need space for extended family, guests, or rental potential? The separate apartment includes two additional bedrooms, a full bathroom, living room & kitchen, along with a one-car garage and private entrance. Comfort meets classic charm with two working woodstoves that bring warmth & ambiance during crisp fall & winter visits. The location truly can’t be beat! You’ll enjoy the peaceful lakefront setting while being just minutes from restaurants, grocery stores, shopping. Additional highlights include public sewer & a shared well with a recorded maintenance agreement. After more than 40 years of cherished memories this special waterfront property is ready for the next generation of family ownership!
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Hair Salon Nail Salon Hotel & Motel Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.5129486
    Latitude
    43.4962917

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    FAQs

    Where is this multifamily property located?
    The property is located at 88 Sunset Dr Belmont, NH.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Direct Lake Winnisquam waterfront property with a **40-foot dock and permitted mooring.**; - **Rare flat yard at the water's edge** for easy lake access and outdoor activities.; - Main house with **six bedrooms, two bathrooms, and spacious living areas.**
    Request Owner's contact information
    88 Sunset Dr Belmont, NH 03220
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    Belmont, NH 03220
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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
    88 Sunset Dr Belmont, NH 03220
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