Renovated Hospitality Property with
For Sale
$2,099,900
15 Newmarket Rd, Durham, NH 03824
Durham, NH property includes multiple bars, lounge areas, meeting rooms, guest suites, and food truck pad sites.
Property Size11,626 SF
Days on Market58
Property Features for 15 Newmarket Rd
General Information
Standard status
Active
Size
11,626 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
11,626 SF
Year Built
1900
Year Renovated
2023
Listing Agency:
KW Coastal Land & Commercial Group
(603) 696-5378
Listed By:
Mark Bouzianis
(603) 696-5378
Source:
Elliman
Added: Jun 24
Changed: Aug 12
Last Checked: Aug 20 at 7:45AM
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 KW Coastal Land & Commercial Group
Investment Insights
Based on property information with market context.
Tideline Public House at 15 Newmarket Rd (Route 108) presents a renovated hospitality operation with multiple income-generating components. The main building was renovated in 2023 and features two bars, including one with a fireplace, multiple lounge areas, two private meeting rooms, and two guest suites used for short-term rentals. Just outside, the property offers eight food truck pad sites with utility hook-ups including electric, water, sewer, and propane.
A second building on-site is a renovated bar with a wood stove. A third building includes a walk-in cooler, kitchen equipment, and an additional set of public restrooms, supporting food and beverage operations.
For buyers or operators, the property is designed for a mixed hospitality concept that can support bar and food service, meetings and events, short-term overnight room rentals, and food truck pad leasing. With the combination of renovated guest suites, dedicated event spaces, and on-site food service infrastructure, it may fit buyers looking for a turnkey, multi-use hospitality platform rather than a single-purpose venue.
A second building on-site is a renovated bar with a wood stove. A third building includes a walk-in cooler, kitchen equipment, and an additional set of public restrooms, supporting food and beverage operations.
For buyers or operators, the property is designed for a mixed hospitality concept that can support bar and food service, meetings and events, short-term overnight room rentals, and food truck pad leasing. With the combination of renovated guest suites, dedicated event spaces, and on-site food service infrastructure, it may fit buyers looking for a turnkey, multi-use hospitality platform rather than a single-purpose venue.
Key Highlights
- Main building renovated in 2023 and offers two bars (one with a fireplace), lounge areas, and two private meeting rooms.
- Includes 2 guest suites rented on a short‑term basis through Anchor at Tideline.
- 8 food truck pad sites with electric, water, sewer, and propane hookups.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$181,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,623,680
$3.6M
Cap Rate 7%
$2,588,343
$2.6M
Cap Rate 9%
$2,013,156
$2.0M
Market Conditions
NOI Build-Up for 11,626 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$251.1K $21.60/SF
− Vacancy
−$9.5K −$0.82/SF
EGI
$241.6K $20.78/SF
− OpEx
−$60.4K −$5.19/SF
NOI
$181.2K $15.58/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,623,680
Cap Rate 7%
$2,588,343
Cap Rate 9%
$2,013,156
Alternative Uses
Best Use
Specialty Retail
$2.59M
$2.26M – $3.02M
NOI $181,184 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,848 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,722 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03824, NH
15,498
Population
3,884
Households
4
Avg Household Size
25
Median Age
78%
College-Educated
98%
High-School Grad
22.4 sq mi
ZIP Area
692
Density / Sq Mi
$126,658
Median Household Income
$7,978
Median Earnings
$1,432
Median Rent
$469,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Hop + Grind — 17 Madbury Rd, Durham, NH 03824
- Scorpions Bar & Grill — 45 Main St, Durham, NH 03824
Frequently Asked Questions
What type of property is this?
Bar & Pub - Durham, NH property includes multiple bars, lounge areas, meeting rooms, guest suites, and food truck pad sites.
Where is this bar & pub located?
The property is located at 15 Newmarket Rd Durham, NH.
What is the asking price?
The asking price for this property is $2,099,900.
What are key features of this property?
This property features: Main building renovated in 2023 and offers two bars (one with a fireplace), lounge areas, and two private meeting rooms.; Includes 2 guest suites rented on a short‑term basis through Anchor at Tideline.; 8 food truck pad sites with electric, water, sewer, and propane hookups.
