Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Conway Village Commercial Building Title is generated by Realmo AI

    87 Washington St, Conway, NH 03818

    View on Map
    Claim this Listing
    For Sale
    $475,000

    4,600 sqft commercial building in Conway Village for sale.

    Type:Commercial
    Property size:
    4,600 SF
    Price / SF:
    $103/SF
    Added:
    May 21, 2026
    Days on Market:
    8
    Last Refresh:
    May 21 at 10:24 am

    Property Features for 87 Washington St

    General Information

    Standard status
    Active
    Size
    4,600 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Austin S Hale

    Listing agent Austin S Hale License #73972

    Listing office Badger Peabody & Smith Realty

    Listing date May 21, 2026

    Source Elliman

    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

    HighLights

    • Large 4,600 sqft commercial building suitable for office or medical use
    • Excellent location just off Main Street in Conway Village with immediate Route 16 access
    • Potential for conversion to residential or multi‑family use
    • Well‑maintained building with newer vinyl siding and an 8‑year‑old roof
    • Serviced by Town Water and Sewer
    • Close proximity to North Conway Village and the Saco River

    Overview

    Located just off Main Street in Conway Village, this 4,600 sqft commercial building is currently used as an office administration building. It features 15+ separate offices and several conference spaces. The property would serve well for continued office or medical use. A return to residential or multi-family use may also be a worthwhile investment. The building is serviced by Town Water and Sewer, offering many use options. It has been well maintained over the years with newer vinyl siding and an 8-year old roof. Route 16 access is immediate, North Conway Village is minutes north, and the Saco River is just steps away. The bike score is 38, indicating it is somewhat bikeable, and the walk score is 47, indicating car-dependent accessibility.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Hair Salon Spa & Massage Center Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Carroll
    State
    New Hampshire
    Longitude
    -71.1176979
    Latitude
    43.9815547

    Nearby Similar for Sale

    • $589,900
      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
    • $599,900
      2,571 SF

      Charming Multi-Family Property in Intervale

      Unique multi-family property with income potential near North Conway.
      66 Intervale Cross Road, Conway, NH 03818
      View Details
    • $750,000
      3,000 SF

      Three-Unit Multifamily Investment Opportunity

      Well-maintained three-unit property near North Conway's dining and retail.
      22 Oak Street, Conway, NH 03860
      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
    • $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
    • $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
    • $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
    • $1,300,000

      Historic Conway Property For Sale

      Historic property near attractions with flexible business opportunities.
      720 Kearsarge Road, Conway, NH 03860
      View Details
    • $949,000
      3,056 SF

      Renovated Multi-Family Home with Apartments

      Conway multi-family home with main house and two apartments.
      970 Kearsarge Road, Conway, NH 03860
      View Details
    • $1,100,000
      7,650 SF

      Mixed-Use Investment Opportunity, Conway, NH

      Mixed-use property with apartments, commercial space, and storage units.
      6 Main 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
    • $625,000

      Conway Village Commercial Corner Property

      Well-located commercial property with retail, office, and residential potential.
      14 Washington St, Conway, NH 03818
      View Details

    FAQs

    What type of property is this?
    Office building - 4,600 sqft commercial building in Conway Village for sale.
    Where is this office building located?
    The property is located at 87 Washington St Conway, NH.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Large 4,600 sqft commercial building suitable for office or medical use; Excellent location just off Main Street in Conway Village with immediate Route 16 access; Potential for conversion to residential or multi‑family use
    (603) 781-1027
    We can help!
    Listing Contact
    Austin S Hale
    Real Estate License ID: 73972
    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

    Thank You for Inquiry
    87 Washington St, Conway, NH 03818
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!