Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Newbury Commercial Land with Views Title is generated by Realmo AI

    21 Hospitality Way, Newbury, NH 03255

    View on Map
    Claim this Listing
    New
    For Sale
    $850,000

    Commercial For Sale - Newbury, NH

    Lot size:
    7.46 Acres
    Added:
    May 11, 2026
    Days on Market:
    7
    Last Refresh:
    May 17 at 5:06 am

    Property Features for 21 Hospitality Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    7.46 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3719.35

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Year built
    1920
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Elliot Hansen

    Listing agent Elliot Hansen

    Listing office Elliot Hansen Associates 877 Route 103, New London, NH

    Listing date May 11, 2026

    MLS# 5088206 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

    • 7 Acres with 700 ft of Route 103 frontage in a business zone
    • Enjoy views of Lake Sunapee and surrounding mountains
    • Walking distance to Sunapee Mountain Resort, State Beach, and Salt Hill Pub
    • One of the largest undeveloped parcels at the base of Mt Sunapee
    • Two buildings: a 3‑bedroom, 2‑bath cottage, and a guest house/workshop/storage
    • Abuts Lake Sunapee State Park Beach

    Overview

    This 7.46-acre commercial property is located in Newbury, NH, and zoned for business use. The property features 700 feet of frontage along Route 103 and offers views of Lake Sunapee and the surrounding mountains. There are two buildings on the property: a three-bedroom, two-bath cottage and a guest house with a workshop/storage area. The property presents development opportunities for housing, business, retail, or condominiums, or the existing structures could be utilized. It is one of the largest undeveloped parcels at the base of Mount Sunapee. The location offers proximity to Sunapee Mountain Resort and Ski Area, the State Beach on Lake Sunapee, and Salt Hill Pub, all within walking distance. The property abuts Lake Sunapee State Park Beach and benefits from a location with good traffic count, offering significant potential. It is located in a low tax rate town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Gym & Fitness Center Hotel & Motel HVAC Service Grocery & Convenience Store Bar & Pub Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newbury
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -72.0415
    Latitude
    43.3732

    FAQs

    What type of property is this?
    Commercial land - 7.46 acres with views, development potential near Lake Sunapee.
    Where is this commercial land located?
    The property is located at 21 Hospitality Way Newbury, NH.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 7 Acres with **700 ft of Route 103 frontage** in a business zone; Enjoy **views of Lake Sunapee and surrounding mountains**; Walking distance to Sunapee Mountain Resort, State Beach, and Salt Hill Pub
    (603) 763-9999
    We can help!
    Listing Contact
    Elliot Hansen
    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

    Thank You for Inquiry
    21 Hospitality Way, Newbury, NH 03255
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!