Mixed-Use Property with
New
For Sale
$2,700,000
3360 & 3378 White Mountain Hwy, Conway, NH 03860
The property combines food-and-beverage operations with guest accommodations and a long-term rental.
Property Size10,404 SF
Lot Size5.20 Acres
Price / SF$259.52
Days on Market1
Property Features for 3360 & 3378 White Mountain Hwy
General Information
Standard status
Active
Size
10,404 SF
Lot size
5.20 Acres
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1872
Buildings
1
Listing Agency:
Badger Peabody & Smith Realty
Listed By:
Kevin J Killourie · License #051534
(603) 986-5551
Source:
Fhghomesnh
Added: Sep 24
Last Checked: Sep 24 at 10:19AM
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 Badger Peabody & Smith Realty
Investment Insights
Based on property information with market context.
This 10,000-square-foot mixed-use building contains a restaurant, brewery, five guest rooms and a one-bedroom long-term rental. A walkout basement provides another 4,500 square feet of space. The property was built in 1872 and is served by public water and sewer.
The 5.2-acre site is zoned HC and has views of Mt. Washington. Commercial businesses are adjacent to the property along White Mountain Highway in North Conway, New Hampshire.
The 5.2-acre site is zoned HC and has views of Mt. Washington. Commercial businesses are adjacent to the property along White Mountain Highway in North Conway, New Hampshire.
Key Highlights
- 10,000‑square‑foot building with restaurant, brewery, five guest rooms and a one‑bedroom rental
- Walkout basement adds 4,500 square feet
- 5.2 commercially zoned acres; zoning designation HC
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
$132,027
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
4.89%
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%
$2,640,540
$2.6M
Cap Rate 7%
$1,886,100
$1.9M
Cap Rate 9%
$1,466,967
$1.5M
Market Conditions
NOI Build-Up for 10,404 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
$187.3K $18.00/SF
− Vacancy
−$11.2K −$1.08/SF
EGI
$176.0K $16.92/SF
− OpEx
−$44.0K −$4.23/SF
NOI
$132.0K $12.69/SF
Area
Carroll County, NH
Vacancy
6.00%
Lease Rate
$18.00 /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%
$2,640,540
Cap Rate 7%
$1,886,100
Cap Rate 9%
$1,466,967
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,027 @ 7.0% cap · market cap 4.89%
Second Best
Mixed Use
$1.81M
$1.58M – $2.11M
NOI $126,409 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,849 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 03860, NH
3,910
Population
3,169
Households
1.2
Avg Household Size
53
Median Age
40%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
169
Density / Sq Mi
$81,771
Median Household Income
$45,915
Median Earnings
$1,094
Median Rent
$328,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines food-and-beverage operations with guest accommodations and a long-term rental.
Where is this mixed-use property located?
The property is located at 3360 & 3378 White Mountain Hwy Conway, NH.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 10,000‑square‑foot building with restaurant, brewery, five guest rooms and a one‑bedroom rental; Walkout basement adds 4,500 square feet; 5.2 commercially zoned acres; zoning designation HC
