Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1395 Us Rt 302 Highway Bartlett, NH 03812

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Mixed-use property with restaurant and residential units in Bartlett, NH.

    Type:Special Purpose, Land
    Added:
    May 18, 2024
    Days on Market:
    703
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 1395 Us Rt 302 Highway

    General Information

    Standard status
    Active
    Property subtype
    Special Purpose, Land

    We can help!

    Listing Contact
    Joanne Mitsiaris

    Listing agent Joanne Mitsiaris License #NH

    Listing office Coldwell Banker Lifestyles Conway

    Listing date May 18, 2024

    Source Crexi

    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 Coldwell Banker Lifestyles Conway

    Overview

    Mount Washington Valley Investment Opportunity

    This mixed-use property is located in the Mount Washington Valley, offering high visibility and traffic. The property is near amenities, Bretton Woods, Attitash, snowmobile trails, Storyland, and the Saco River. Unit number 1 features a turnkey restaurant space. The second level includes two two-bedroom units, each with private entrances. This property presents a business and investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Bartlett
    County
    Carroll
    State
    New Hampshire
    Longitude
    -71.3046
    Latitude
    44.1032

    Nearby Similar for Sale

    • $450,000
      3,173 SF

      Bartlett Mixed-Use Investment Opportunity

      Commercial and multi-family property in Mount Washington Valley.
      1395 Us Route 302, Bartlett, NH 03812
      View Details
    • $550,000

      Bartlett Village Commercial Opportunity

      Turnkey business in high-traffic location with room to grow.
      1279 US Route 302, Bartlett, NH 03812
      View Details
    • $1,295,000

      Victorian Commercial Property Near Attitash

      8.3-acre commercial property with 12 bedrooms, renovated in 2015.
      342 US Route 302, Bartlett, NH 03812
      View Details
    • $895,000
      4,214 SF

      Updated Farmhouse with Mountain Views

      Two-unit property with mountain views, suitable for short-term rentals.
      127 New Hampshire Route 16A, Bartlett, NH 03845
      View Details
    • $300,000

      Established Franchise Opportunity in Bartlett

      Successful Duraclean franchise in North Conway area, business and/or building.
      113 Route 16/302, Bartlett, NH 03812
      View Details
    • $1,350,000

      Commercial Building on Busy Route

      Commercial building with three units on a major road.
      113 Route 16/302, Bartlett, NH 03812
      View Details
    • $1,500,000

      Commercial Investment Property with Tenants

      10,500 sqft commercial building with three tenants in Bartlett, NH.
      113 Route 16/302, Bartlett, NH 03812
      View Details
    • $550,000

      Turnkey Restaurant Opportunity in Bartlett

      Established deli and convenience store with expansion potential.
      1279 US-302, Bartlett, NH
      View Details
    • $595,000

      Former Bank Building on Route

      Highly visible 2353 sq ft building on 1.1 acres.
      769 NH Route 16, Bartlett, NH 03812
      View Details
    • $450,000

      Bartlett Commercial and Multi-Family Investment

      High-visibility commercial and residential property in Mount Washington Valley.
      1395 US RT 302, Bartlett, NH 03812
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with restaurant and residential units in Bartlett, NH.
    Where is this mixed-use property located?
    The property is located at 1395 Us Rt 302 Highway Bartlett, NH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Turnkey restaurant space included.; High visibility and traffic location.; Two 2‑bedroom units with private entrances.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joanne Mitsiaris
    Real Estate License ID: NH
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!