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    Renovated Street-Level Retail/Office Title is generated by Realmo AI

    15 US Route 302, Bartlett, NH 03838

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    COMMERCIAL - Bartlett, NH

    Property size:
    2,400 SF
    Lot size:
    1.78 Acres
    Added:
    Jan 18, 2025
    Days on Market:
    503
    Last Refresh:
    Jun 5 at 6:06 am

    Property Features for 15 US Route 302

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    HC
    Standard status
    Active
    Lot size
    1.78 Acres

    Utilities

    Heating system
    Propane (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Building materials
    Brick Exterior
    Roof type
    Membrane

    We can help!

    Listing Contact
    Austin Hale
    Austin Hale

    Listing agent Austin Hale

    Listing office Badger Peabody & Smith Realty 2633 White Mountain Hwy, Franconia, NH

    Listing date Jan 18, 2025

    MLS# 5027064

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Renovated 2,400 SF space (2022) with an open concept floor plan
    • Flexible for retail, medical, or office use; includes a 12x16 storage area/office at the rear
    • Street‑level frontage with visibility from the junction of Rt. 302 and Rt. 16
    • Brick exterior building with central air; forced‑air propane heating
    • Membrane roof; public water service
    • NNN lease: tenant to pay utilities (including HVAC, electricity, cable/phone/internet, janitorial, and tenant insurance); additional $1.75/SF for shared CAM, snow removal, water/sewer, real estate taxes, and comprehensive insurance; 36+ month non‑competing tenant required

    Overview

    This renovated 2,400SF unit offers an open-concept floor plan suitable for retail, medical, or office use. The layout includes an additional 12x16 storage area or an office space at the rear of the building, supporting flexible day-to-day operations.

    The space is located at street level with visibility from the junction of Rt. 302 and Rt. 16. The property provides abundant parking and benefits from ongoing activity generated by other tenants in the building, including Grant's Supermarket, Cranmore Health Partners, H&R Block, and Saco Bay Physical Therapy.

    The owner is seeking a long-term, non-competing tenant for a minimum 36-month term. The lease is structured as NNN, and the tenant is responsible for all utilities, including HVAC, electricity, cable/phone/internet, janitorial, and tenant insurance. In addition, there is an extra rent amount to cover a share of CAM, snow removal, water/sewer, real estate taxes, and comprehensive insurance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Hotel & Motel Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Carroll
    State
    New Hampshire
    Longitude
    -71.180998
    Latitude
    44.110106

    FAQs

    What type of property is this?
    Storefront property - Renovated open-concept space with rear storage plus strong street-level visibility and ample parking for flexible retail, medical, or office use.
    Where is this storefront property located?
    The property is located at 15 US Route 302 Bartlett, NH.
    What are key features of this property?
    This property features: Renovated 2,400 SF space (2022) with an open concept floor plan; Flexible for retail, medical, or office use; includes a 12x16 storage area/office at the rear; Street‑level frontage with visibility from the junction of Rt. 302 and Rt. 16
    (603) 444-1294
    We can help!
    Listing Contact
    Austin Hale
    Austin Hale
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    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.

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