Building Details

Year Built 1987

Listing Agency: Black Bear Realty

Listed By: Stefan Karnopp Show Phone

Source: Churchillprop

Added: Apr 24 Changed: Oct 1 Last Checked: Oct 5 at 5:14PM

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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 Black Bear Realty

Investment Insights

Based on property information with market context.

This standalone commercial office building is located just off Route 16 and features prominent signage. The multi-level layout offers flexible office space across two floors. A separate exterior entrance and staircase to the second level adds to its versatility. The building includes multiple private offices and a kitchenette, making it suitable for a range of professional uses. The property has been used for a tax, payroll, and investment business for decades. The building has been meticulously maintained and thoughtfully updated. Modern climate control ensures year-round comfort, and a standby generator provides power during outages. Public water and sewer are available. Ownership includes access to a shared private beach and water entry on the Saco River. The bike score is 33, indicating it is somewhat bikeable. The walk score is 40, indicating car-dependent.

Key Highlights

• Standalone commercial building with prominent signage and exceptional visibility off Route 16
• Meticulously maintained and in turnkey condition with thoughtful updates
• Flexible multi‑level layout with multiple private offices and a kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,850

Cap Rate

5.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$477,000 $477.0K

Cap Rate 7%

$340,714 $340.7K

Cap Rate 9%

$265,000 $265.0K

Market Conditions

NOI Build-Up for 1,732 SF

Gross rent

$37.4K $21.60/SF

− Vacancy

−$5.6K −$3.24/SF

EGI

$31.8K $18.36/SF

− OpEx

−$7.9K −$4.59/SF

NOI

$23.8K $13.77/SF

Area

Carroll County, NH

Vacancy

15.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$477,000

Cap Rate 7%

$340,714

Cap Rate 9%

$265,000

Alternative Uses

Best Use

Office B

$340.7K

$298.1K – $397.5K (±1% cap)

NOI $23,850 @ 7.0% cap · market cap 5.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$432.5K

$378.4K – $504.6K (±1% cap)

NOI $30,273 @ 7.0% cap · market cap 7.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Plumbing Service Auto Parts Store Storage Facility Bakery Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

167

Businesses Nearby

Explore this area Business Placement

Demographics for 03818, NH

3,478

Population

2,174

Households

1.6

Avg Household Size

49

Median Age

43%

College-Educated

95%

High-School Grad

84.5 sq mi

ZIP Area

41

Density / Sq Mi

$73,346

Median Household Income

$38,714

Median Earnings

$941

Median Rent

$284,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Multi-level office building with private beach access on Saco River.

Where is this office building located?

The property is located at 290 East Side Road # 3 Conway, NH.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Standalone commercial building with prominent signage and exceptional visibility off Route 16; Meticulously maintained and in turnkey condition with thoughtful updates; Flexible multi‑level layout with multiple private offices and a kitchenette