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    Waterfront Land Parcels Title is generated by Realmo AI

    Map 3 Lot 18-2B and 18-2C Water Street, Strafford, NH 03884

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    Claim this Listing
    For Sale
    $375,000

    LAND - Strafford, NH

    Lot size:
    11.45 Acres
    Added:
    Nov 16, 2025
    Days on Market:
    200
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for Map 3 Lot 18-2B and 18-2C Water Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    HRDWD-UNMG
    Standard status
    Active
    Lot size
    11.45 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8

    We can help!

    Listing Contact
    Heather Heigis
    Heather Heigis

    Listing agent Heather Heigis

    Listing office Heigis Real Estate LLC. 284 1st New Hampshire Tpke, NORTHWOOD, NH

    Listing date Nov 16, 2025

    MLS# 5069779 Listing URL

    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

    • Two adjoining parcels on Water Street in Strafford, NH: Map 3 Lot 18‑2 B & C
    • Waterfront views of Bow Lake, overlooking the lake
    • Close proximity to the public boat launch and town beach
    • Buyer must confirm and comply with all Town of Strafford planning and permitting requirements for any development or improvements

    Overview

    Two adjoining parcels (Map 3 Lot 18-2B and Map 3 Lot 18-2C) offer waterfront land on Water Street in Strafford, New Hampshire, with views over Bow Lake. Together, the lots total 11.45 acres and provide a flexible setting for a future build or long-term land hold, with zoning identified as HRDWD-UNMG. Any development, building, or improvements must be confirmed and approved through the Town of Strafford’s planning and permitting process.

    The property’s location places it close to the area’s outdoor amenities, including the public boat launch and town beach, along with nearby recreational opportunities tied to the lake and surrounding landscape. The adjoining nature of the parcels may be beneficial for buyers seeking a larger, continuous configuration while planning their intended use.

    This offering suits buyers looking for waterfront acreage in a Bow Lake community and those who want to start the planning conversation early with the Town regarding what can be built and how. Prospective buyers and buyer’s agents are encouraged to complete due diligence on all development and use considerations, including compliance with applicable approvals and requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Spa & Massage Center Auto Repair Shop Hotel & Motel Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Food Market Travel Agency Bed & Breakfast Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Strafford
    County
    Strafford
    State
    New Hampshire
    Longitude
    -71.1583693
    Latitude
    43.23656606

    FAQs

    What type of property is this?
    Waterfront Land - Two adjoining Bow Lake parcels for development subject to Town permitting and due diligence near public access points.
    Where is this waterfront land located?
    The property is located at Map 3 Lot 18-2B and 18-2C Water Street Strafford, NH.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Two adjoining parcels on Water Street in Strafford, NH: Map 3 Lot 18‑2 B & C; Waterfront views of Bow Lake, overlooking the lake; Close proximity to the public boat launch and town beach
    (603) 817-5605
    We can help!
    Listing Contact
    Heather Heigis
    Heather Heigis
    Request Owner's contact information
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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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