Mixed-Use Property with
New
For Sale
$2,700,000
3360 & 3378 White Mountain Highway, Conway, NH 03860
Commercial Sale, Conway, NH
Property Size10,000 SF
Lot Size5.20 Acres
Price / SF$270
Days on Market1
Property Features for 3360 & 3378 White Mountain Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC
Rooms
Basement
Lot features
Near Paths, Near Shopping, Near Skiing, Landscaped, Major Road Frontage, Mountain View, Neighbor Business, Sloping, View, Near Hospital
Directions
From N Conway Village drive north/west on Route 16/302 one mile. Property is on the left.
Standard status
Active
Lot size
5.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
18866
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating), Baseboard
Cooling system
Multi Units, Central Air
Water source
Public
Building Details
Year built
1872
Building materials
Wood Frame, Brick Veneer Exterior, Wood Siding
Roof type
Shingle, Membrane
Listing Agency:
Badger Peabody & Smith Realty
(603) 356-5757
Listed By:
Kevin Killourie · License #051534
(603) 444-1294
Added: Sep 22
Last Checked: Sep 22 at 7:06PM
MLS# 5111032
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.
Investment Insights
Based on property information with market context.
Located at 3360 & 3378 White Mountain Highway, this mixed-use property combines a 10,000 sq ft building with restaurant, brewery, lodging, and residential uses. The existing configuration includes five guest rooms and a one-bedroom long-term rental, while construction dates to 1872 and includes wood framing, brick veneer, and wood siding. Heating is provided by hot water and baseboard systems, with central air and multiple cooling units.
The property encompasses 5.2 acres under HC zoning and includes public water and sewer. A walkout basement adds 4,500 sq ft for infrastructure and support functions. Views toward Mt. Washington and adjacency to established businesses further define the setting. The layout can continue supporting its current hospitality-oriented uses or be adapted for residential conversion, with the source information also identifying potential for additional units within the building and on the rear and side land.
The property encompasses 5.2 acres under HC zoning and includes public water and sewer. A walkout basement adds 4,500 sq ft for infrastructure and support functions. Views toward Mt. Washington and adjacency to established businesses further define the setting. The layout can continue supporting its current hospitality-oriented uses or be adapted for residential conversion, with the source information also identifying potential for additional units within the building and on the rear and side land.
Key Highlights
- 10,000 sq ft mixed‑use building on 5.2 acres
- Restaurant, brewery, five guest rooms, and one‑bedroom long‑term rental
- 4,500 sq ft walkout basement for infrastructure and support space
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
$126,900
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
4.70%
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%
$2,538,000
$2.5M
Cap Rate 7%
$1,812,857
$1.8M
Cap Rate 9%
$1,410,000
$1.4M
Market Conditions
NOI Build-Up for 10,000 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
$180.0K $18.00/SF
− Vacancy
−$10.8K −$1.08/SF
EGI
$169.2K $16.92/SF
− OpEx
−$42.3K −$4.23/SF
NOI
$126.9K $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%
$2,538,000
Cap Rate 7%
$1,812,857
Cap Rate 9%
$1,410,000
Alternative Uses
Best Use
Specialty Retail
$1.81M
$1.59M – $2.12M
NOI $126,900 @ 7.0% cap · market cap 4.70%
Second Best
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,500 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,787 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
277
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 - Commercially zoned acreage includes lodging, restaurant, brewery, and residential components.
Where is this mixed-use property located?
The property is located at 3360 & 3378 White Mountain Highway 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 sq ft mixed‑use building on 5.2 acres; Restaurant, brewery, five guest rooms, and one‑bedroom long‑term rental; 4,500 sq ft walkout basement for infrastructure and support space
