Durham Hospitality and Retail
For Sale
Contact for pricing
15 Newmarket Rd, Durham, NH
Property with public house, food trucks, lodging, and development potential.
Property Size8,375 SF
Lot Size1.10 Acres
Price / SF$250.63
Days on Market257
Property Features for 15 Newmarket Rd
General Information
Standard status
Active
Size
8,375 SF
Lot size
1.10 Acres
Property subtype
RETAIL
Listing Agency:
KW Coastal Land & Commercial Group
(603) 696-5378
Listed By:
Mark Bouzianis
(603) 696-5378
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:00AM
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.
Located at 15 Newmarket Road in Durham, this property is home to the Tideline Public House & Salt Shed, along with several food trucks. It also features two private lodging suites, known as The Anchor at Tideline, available for short term rentals. The Tideline brand is currently owner-operated, presenting an opportunity for an owner-user or investor. The property will be sold free of tenants except for food truck operators which are on short term leases. The property includes three buildings totaling 8,375 square feet. The property is zoned for multi-unit housing by right under amended zoning (#2025-07), offering development potential. It is located at the gateway to Durham and the University of New Hampshire and the surrounding seacoast communities.
Key Highlights
- Zoned for multi‑unit housing by right, offering strong development potential.
- Home to the established Tideline Public House, Salt Shed, food trucks, and short‑term rental suites.
- Prime location at the gateway to Durham, the University of New Hampshire, and surrounding seacoast communities.
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
$130,519
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
6.22%
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%
$2,610,380
$2.6M
Cap Rate 7%
$1,864,557
$1.9M
Cap Rate 9%
$1,450,211
$1.5M
Market Conditions
NOI Build-Up for 8,375 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
$180.9K $21.60/SF
− Vacancy
−$6.9K −$0.82/SF
EGI
$174.0K $20.78/SF
− OpEx
−$43.5K −$5.19/SF
NOI
$130.5K $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%
$2,610,380
Cap Rate 7%
$1,864,557
Cap Rate 9%
$1,450,211
Alternative Uses
Best Use
Specialty Retail
$1.86M
$1.63M – $2.18M
NOI $130,519 @ 7.0% cap · market cap 6.22%
Second Best
Retail
$1.45M
$1.27M – $1.69M
NOI $101,515 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,840 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Aubuchon Hardware
Home Improvements & Furnishings
2,769 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Pub - Property with public house, food trucks, lodging, and development potential.
Where is this pub located?
The property is located at 15 Newmarket Rd Durham, NH.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Zoned for multi‑unit housing by right, offering strong development potential.; Home to the established Tideline Public House, Salt Shed, food trucks, and short‑term rental suites.; Prime location at the gateway to Durham, the University of New Hampshire, and surrounding seacoast communities.
