Building Details

Year Built 1830

Listing Agency: Tri-State Realty, LLC

Listed By: Nick Turmel Show Phone

Source: Gallorealtygroup

Added: Jul 12 Changed: Sep 20 Last Checked: Oct 5 at 11:18PM

Report an Issue

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 Tri-State Realty, LLC

Investment Insights

Based on property information with market context.

This motel property includes 17 units across a 13-unit motel, two-bedroom owner quarters, two studio apartments above the garage, and office/common areas. The improvements date to 1830 and are situated across two parcels totaling 8.82 acres.

The property is located at 626 West Main St. in Hillsborough, at the intersection of NH Routes 202 and 9 and Route 31. Access includes two curb cuts, while the surrounding routes carry more than 11,000 vehicles daily. The commercial zoning along the state highways supports a range of potential uses, subject to town zoning review.

Key Highlights

• 17 total units: 13 motel units, two‑bedroom owner quarters, office/common areas, and two studio apartments
• Two parcels totaling 8.82 acres, including the 128 Dam Road land parcel
• Located at the intersection of NH Routes 202 and 9 and Route 31

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,931

Cap Rate

7.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,478,620 $1.5M

Cap Rate 7%

$1,056,157 $1.1M

Cap Rate 9%

$821,456 $821.5K

Market Conditions

NOI Build-Up for 9,826 SF

Gross rent

$176.9K $18.00/SF

− Vacancy

−$21.2K −$2.16/SF

EGI

$155.6K $15.84/SF

− OpEx

−$81.7K −$8.32/SF

NOI

$73.9K $7.52/SF

Area

Hillsborough County, NH

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,478,620

Cap Rate 7%

$1,056,157

Cap Rate 9%

$821,456

Alternative Uses

Best Use

Hotel Hospitality

$1.06M

$924.1K – $1.23M (±1% cap)

NOI $73,931 @ 7.0% cap · market cap 7.04%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$18.00M

$15.75M – $21.00M (±1% cap)

NOI $1,260,185 @ 7.0% cap · market cap 120.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Motels

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Kitchen & Bath Showroom Nail Salon

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

32

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 03244, NH

8,001

Population

3,667

Households

2.2

Avg Household Size

44

Median Age

25%

College-Educated

95%

High-School Grad

82.5 sq mi

ZIP Area

97

Density / Sq Mi

$93,886

Median Household Income

$51,022

Median Earnings

$1,112

Median Rent

$252,900

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Similar For Sale Nearby

Income Producing Commercial Asset

166 W Main Street, Hillsborough, NH 03244

$3,400,000

45,000 SF

View details

Historic Bed And Breakfast With Event Barn

235 Windsor Road, Hillsborough, NH 03244

$1,500,000

5.60 Acres

View details

Similar Off Market Nearby

• 1830 House Motel — 626 W Main St, Antrim, NH 03440
• Eighteen-Thirty House Motel — 626 w main st, hillsboro, nh 03244
• Old Mill Farm Rd — 239 Beard Rd, Hillsborough, NH 03244

Frequently Asked Questions

What type of property is this?

Motel - Motel property with owner quarters, studio apartments, and office/common areas in a commercially zoned setting.

Where is this motel located?

The property is located at 626 West Main St Hillsborough, NH.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: 17 total units: 13 motel units, two‑bedroom owner quarters, office/common areas, and two studio apartments; Two parcels totaling 8.82 acres, including the 128 Dam Road land parcel; Located at the intersection of NH Routes 202 and 9 and Route 31