Restaurant Opportunity on Calef
For Sale
$575,000
Pending
272 Calef Hwy, Epping, NH 03042
2.2 acre restaurant property with high visibility and traffic.
Property Size1,840 SF
Lot Size2.17 Acres
Days on Market165
Property Features for 272 Calef Hwy
General Information
Standard status
Pending
Size
1,840 SF
Lot size
2.17 Acres
Property subtype
Commercial
Building Details
Building Size
1,840 SF
Year Built
1976
Listing Agency:
EXP Realty
(617) 259-0810
Listed By:
Bill Riffert
(617) 259-0810
Source:
Elliman
Added: Mar 10
Changed: Aug 13
Last Checked: Jul 23 at 6:48AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This property is located on NH RT 125/Calef Highway, just off Exit 7 of NH RT 101, offering high visibility and over 200 feet of frontage. Traffic counts from 2015 show 21,000 vehicles per day, with traffic increasing since then. The property includes 2.2 acres of flat land with 25 paved parking spaces and a small man-made pond. Zoned HC - Highway Commercial, permitted uses include retail, wholesale, professional establishments, and commercial planned development. The property is adjacent to high-density residential zoning. The site previously housed the Haven Restaurant, built in 1986, with over 100 seats (24 inside and 80 outside with room for expansion). The restaurant previously held a beer and wine license for both inside and outside dining. The property has a drilled well, municipal sewer, and three-phase power. Municipal water is available at the street. It offers easy access to NH RT 101 and Manchester-Boston Regional Airport. The property is suitable for redevelopment or continued use as a restaurant. Bring your own restaurant equipment and take over the well-known Haven Restaurant with 100+ seats or bring your vision for a redeveloped property.
Key Highlights
- High‑visibility location on NH RT 125/Calef Highway, just off Exit 7 of NH RT 101, with 200ft +/- of frontage and high traffic counts.
- 2.2 +/- acres of flat land with 25 paved parking spaces.
- Highway Commercial (HC) zoning permits retail, wholesale, professional establishments, and commercial planned development.
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
$35,001
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
6.09%
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%
$700,020
$700.0K
Cap Rate 7%
$500,014
$500.0K
Cap Rate 9%
$388,900
$388.9K
Market Conditions
NOI Build-Up for 1,840 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
$47.9K $26.04/SF
− Vacancy
−$1.2K −$0.68/SF
EGI
$46.7K $25.36/SF
− OpEx
−$11.7K −$6.34/SF
NOI
$35.0K $19.02/SF
Area
Rockingham County, NH
Vacancy
2.60%
Lease Rate
$26.04 /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%
$700,020
Cap Rate 7%
$500,014
Cap Rate 9%
$388,900
Alternative Uses
Best Use
Specialty Retail
$500.0K
$437.5K – $583.4K
NOI $35,001 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$612.6K
$536.0K – $714.7K
NOI $42,881 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03042, NH
7,146
Population
3,170
Households
2.3
Avg Household Size
42
Median Age
34%
College-Educated
95%
High-School Grad
26.0 sq mi
ZIP Area
275
Density / Sq Mi
$101,354
Median Household Income
$58,115
Median Earnings
$2,019
Median Rent
$421,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 2.2 acre restaurant property with high visibility and traffic.
Where is this conventional restaurant located?
The property is located at 272 Calef Hwy Epping, NH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: High‑visibility location on NH RT 125/Calef Highway, just off Exit 7 of NH RT 101, with 200ft +/- of frontage and high traffic counts.; 2.2 +/- acres of flat land with 25 paved parking spaces.; Highway Commercial (HC) zoning permits retail, wholesale, professional establishments, and commercial planned development.
