Building Details

Year built 1982

Building materials Masonry

Roof type Shingle

Listing Agency: Roche Realty Group Show Phone

Listed By: Carol Raffle Show Phone

Added: Sep 1 Changed: Oct 8 Last Checked: Oct 19 at 2:06PM

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MLS# 5107700

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Investment Insights

Based on property information with market context.

This 3,238-square-foot restaurant property at 322 NH Route 104 combines a lounge, full-service dining room, and commercial kitchen within a masonry building constructed in 1982. Furniture and inventory are included, and the premises also contain a walk-up basement suited to storage. Building systems include ductless, zoned cooling, oil heat, a fire system, security system, and 200+ amp electrical service.

The 2.31-acre site is positioned along NH Route 104 near the entrance to Interstate 93 and Exit 23. It provides 313 feet of road frontage, a paved parking area with 21+ spaces, and ground-level access. The property is commercially zoned and includes a portion currently occupied by Maple Creamery.

Key Highlights

• 3,238‑square‑foot restaurant building on a 2.31‑acre lot
• 313 feet of road frontage along NH Route 104
• Near Interstate 93 Exit 23 and the highway entrance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,889

Cap Rate

4.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$977,780 $977.8K

Cap Rate 7%

$698,414 $698.4K

Cap Rate 9%

$543,211 $543.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,238 SF

Gross rent

$69.9K $21.60/SF

− Vacancy

−$4.8K −$1.47/SF

EGI

$65.2K $20.13/SF

− OpEx

−$16.3K −$5.03/SF

NOI

$48.9K $15.10/SF

Area

Belknap County, NH

Vacancy

6.80%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$977,780

Cap Rate 7%

$698,414

Cap Rate 9%

$543,211

Alternative Uses

Best Use

Specialty Retail

$698.4K

$611.1K – $814.8K (±1% cap)

NOI $48,889 @ 7.0% cap · market cap 4.07%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$770.0K

$673.8K – $898.4K (±1% cap)

NOI $53,901 @ 7.0% cap · market cap 4.49%

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

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Electrical Service Plumbing Service Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience 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.

Lease Details

12,000 VPD

Traffic count

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

45k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Dining 35% Groceries 14%

Dunkin' Donuts Dining

14,215 visits/mo 0.1 miles

Circle K Shops & Services

11,668 visits/mo 0.2 miles

Mobil Shops & Services

11,223 visits/mo 0.2 miles

New Hampshire Liquor & Wine Outlet Groceries

6,177 visits/mo 0.1 miles

SUBWAY Dining

1,540 visits/mo 0.1 miles

Demographics for 03256, NH

2,373

Population

1,032

Households

2.3

Avg Household Size

49

Median Age

34%

College-Educated

95%

High-School Grad

36.8 sq mi

ZIP Area

64

Density / Sq Mi

$83,804

Median Household Income

$37,274

Median Earnings

$1,125

Median Rent

$363,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar Off Market Nearby

• New Hampton School Caffetteria — Dr Childs Rd, New Hampton, NH 03256

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Commercially zoned property with dining, lounge, and fully equipped kitchen areas.

Where is this conventional restaurant located?

The property is located at 322 NH Route 104 New Hampton, NH.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 3,238‑square‑foot restaurant building on a 2.31‑acre lot; 313 feet of road frontage along NH Route 104; Near Interstate 93 Exit 23 and the highway entrance