Established Full-Service
For Sale
$699,800
138 Nh Route 175a, Holderness, NH 03245
Established restaurant with seating for 80+ indoors and parking for 40+ cars on a sizable lot.
Property Size2,400 SF
Price / SF$291.58
Days on Market159
Property Features for 138 Nh Route 175a
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
40
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,563
Listing Agency:
EXP Realty
(603) 968-7211
Listed By:
Richard Gowen
(603) 236-6205
Source:
Exprealty
Added: Apr 2
Changed: Sep 6
Last Checked: Sep 6 at 12:27PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This established full-service restaurant has been serving the community for over 40 years. The property includes a spacious building of approximately 2,400 square feet with ample indoor seating for 80+ guests. The exterior setup also allows for potential additional outdoor seating of about 20, subject to the buyer’s plans.
The restaurant is located on NH Route 175a in Holderness, positioned just over the bridge from Plymouth. It sits adjacent to Plymouth State University’s Ice Hockey Rink, Wellness Center, and Field House, with patron flow supported by traffic moving from the I-93 corridor onto Route 175.
A lot on-site provides convenient customer parking with 40+ spaces and additional room that may support future expansion.
The restaurant is located on NH Route 175a in Holderness, positioned just over the bridge from Plymouth. It sits adjacent to Plymouth State University’s Ice Hockey Rink, Wellness Center, and Field House, with patron flow supported by traffic moving from the I-93 corridor onto Route 175.
A lot on-site provides convenient customer parking with 40+ spaces and additional room that may support future expansion.
Key Highlights
- Established restaurant has operated for over 40 years in Holderness, NH.
- Approximately 2,400 SF building with seating for 80+ guests indoors; space potentially for 20 more outdoors.
- On a sizable lot with parking for 40+ cars and room for expansion.
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
$35,847
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
5.12%
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%
$716,940
$716.9K
Cap Rate 7%
$512,100
$512.1K
Cap Rate 9%
$398,300
$398.3K
Market Conditions
NOI Build-Up for 2,400 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
$51.8K $21.60/SF
− Vacancy
−$4.0K −$1.68/SF
EGI
$47.8K $19.92/SF
− OpEx
−$11.9K −$4.98/SF
NOI
$35.8K $14.94/SF
Area
Grafton County, NH
Vacancy
7.80%
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%
$716,940
Cap Rate 7%
$512,100
Cap Rate 9%
$398,300
Alternative Uses
Best Use
Specialty Retail
$512.1K
$448.1K – $597.5K
NOI $35,847 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$527.9K
$461.9K – $615.9K
NOI $36,955 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
28k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
14,075 visits/mo
0.1 miles
Citgo
Shops & Services
10,604 visits/mo
0.1 miles
The UPS Store
Shops & Services
2,761 visits/mo
0.5 miles
Noyes Insurance
Shops & Services
898 visits/mo
0.5 miles
Demographics for 03245, NH
2,017
Population
1,466
Households
1.4
Avg Household Size
52
Median Age
51%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
66
Density / Sq Mi
$83,958
Median Household Income
$51,250
Median Earnings
$1,746
Median Rent
$327,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Tea Rose Inn at Plymouth — 8 Pleasant St, Plymouth, NH 03264
- The Main Street Station — 105 Main St, Plymouth, NH 03264
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Established restaurant with seating for 80+ indoors and parking for 40+ cars on a sizable lot.
Where is this breakfast & diner located?
The property is located at 138 Nh Route 175a Holderness, NH.
What is the asking price?
The asking price for this property is $699,800.
What are key features of this property?
This property features: Established restaurant has operated for over 40 years in Holderness, NH.; Approximately 2,400 SF building with seating for 80+ guests indoors; space potentially for 20 more outdoors.; On a sizable lot with parking for 40+ cars and room for expansion.
