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    Deed-Restricted Horse Property Title is generated by Realmo AI

    115 Adams Farm Road, Thornton, NH 03285

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    For Sale
    $399,000

    Over 14 acres with a dedicated pasture area and approvals for well and septic, suited for single-family equestrian use.

    Type:Land
    Property size:
    621,601 SF
    Price / SF:
    $0.64/SF
    Added:
    Apr 1, 2025
    Days on Market:
    432
    Last Refresh:
    Jun 6 at 4:57 am

    Property Features for 115 Adams Farm Road

    General Information

    Standard status
    Active
    Size
    621,601 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Brent Drouin

    Listing agent Brent Drouin

    Listing office Century 21 Mountainside Realty

    Listing date Apr 1, 2025

    Source Aultcommercial

    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 Century 21 Mountainside Realty

    HighLights

    • Over 14 acres with approximately 4+/- acres of dedicated pasture area
    • Pasture suited for equestrian use with sandy soil and 12" of compacted organic material
    • Well & septic system approvals are in place
    • Deed restricted to single‑family home with a barn, garage, or stable
    • Builder willing to build a single‑family design, with options to build to suit

    Overview

    This for-sale parcel totals over 14 acres and includes approximately 4+ acres of pasture. The pasture is described as sandy soil with roughly 12 inches of compacted organic material, making it a practical base for paddock-style use. The seller indicates the property is suited for a single-family home along with a barn, garage, or stable, and notes that a builder can design a home or build to suit.

    The property is located in Thornton within the White Mountains region. The remarks cite proximity to local amenities and note that Loon Mountain and Waterville Valley resorts are about 20 minutes away. The parcel is also described as offering complete privacy and serenity. Access to broader recreation is highlighted through nearby snowmobile trails, hiking, biking, fishing, and kayaking, with access to the White Mountain National Forest and surrounding bodies of water.

    Equestrian-focused buyers should take note of the deed restrictions and the approved utilities approach, as the property permits only a single-family home with a barn, garage, or stable. With well and septic system approvals in place, the site can support a residential build that accommodates horses and related improvements within the permitted structure set.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Building Supply Hotel & Motel Kitchen & Bath Showroom Food Market Car Rental Facility (Bike/Boat/Book/etc) Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Thornton
    County
    Grafton
    State
    New Hampshire
    Longitude
    -71.674091
    Latitude
    43.8720942

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      Deed-Restricted Equestrian Land Parcel

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Over 14 acres with a dedicated pasture area and approvals for well and septic, suited for single-family equestrian use.
    Where is this agricultural land / farmland located?
    The property is located at 115 Adams Farm Road Thornton, 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: Over 14 acres with approximately 4+/- acres of dedicated pasture area; Pasture suited for equestrian use with sandy soil and 12" of compacted organic material; Well & septic system approvals are in place
    We can help!
    Listing Contact
    Brent Drouin
    Learn More
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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.

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