Building Details

Year Built 1987

Listing Agency: Black Bear Realty

Listed By: Stefan Karnopp Show Phone

Source: Churchillprop

Added: Apr 24 Changed: Oct 15 Last Checked: Oct 19 at 4:13AM

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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 Black Bear Realty

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Investment Insights

Based on property information with market context.

This standalone commercial office building is located just off Route 16 and features prominent signage. The multi-level layout offers flexible office space across two floors. A separate exterior entrance and staircase to the second level adds to its versatility. The building includes multiple private offices and a kitchenette, making it suitable for a range of professional uses. The property has been used for a tax, payroll, and investment business for decades. The building has been meticulously maintained and thoughtfully updated. Modern climate control ensures year-round comfort, and a standby generator provides power during outages. Public water and sewer are available. Ownership includes access to a shared private beach and water entry on the Saco River. The bike score is 33, indicating it is somewhat bikeable. The walk score is 40, indicating car-dependent.

Key Highlights

• Standalone commercial building with prominent signage and exceptional visibility off Route 16
• Meticulously maintained and in turnkey condition with thoughtful updates
• Flexible multi‑level layout with multiple private offices and a kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,850

Cap Rate

6.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$477,000 $477.0K

Cap Rate 7%

$340,714 $340.7K

Cap Rate 9%

$265,000 $265.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,732 SF

Gross rent

$37.4K $21.60/SF

− Vacancy

−$5.6K −$3.24/SF

EGI

$31.8K $18.36/SF

− OpEx

−$7.9K −$4.59/SF

NOI

$23.8K $13.77/SF

Area

Carroll County, NH

Vacancy

15.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$477,000

Cap Rate 7%

$340,714

Cap Rate 9%

$265,000

Alternative Uses

Best Use

Office B

$340.7K

$298.1K – $397.5K (±1% cap)

NOI $23,850 @ 7.0% cap · market cap 6.28%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$432.5K

$378.4K – $504.6K (±1% cap)

NOI $30,273 @ 7.0% cap · market cap 7.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Plumbing Service Auto Parts Store Storage Facility Bakery Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

167

Businesses Nearby

Explore this area Business Placement

Demographics for 03818, NH

3,478

Population

2,174

Households

1.6

Avg Household Size

49

Median Age

43%

College-Educated

95%

High-School Grad

84.5 sq mi

ZIP Area

41

Density / Sq Mi

$73,346

Median Household Income

$38,714

Median Earnings

$941

Median Rent

$284,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Multi-level office building with private beach access on Saco River.

Where is this office building located?

The property is located at 290 East Side Road # 3 Conway, NH.

What is the asking price?

The asking price for this property is $380,000.

What are key features of this property?

This property features: Standalone commercial building with prominent signage and exceptional visibility off Route 16; Meticulously maintained and in turnkey condition with thoughtful updates; Flexible multi‑level layout with multiple private offices and a kitchenette