Turnkey Mixed-Use
518 Province Road Gilmanton, NH 03237
518 Province Road, Gilmanton, NH, 03237
$478,900
For Sale
$478,900
Three-unit mixed-use property with separate meters, including an operating country store and two residential apartments.
Property Size3,552 SF
Price / SF$134.83
Days on Market16
Property Features for 518 Province Road
General Information
- Standard status
- Active
- Size
- 3,552 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing Agency
NH Brokerage LLC
(603) 848-8481
Listed by
Mary Duquette
(603) 848-8481
Source
Laerrealty
Added: Jul 6 Updated: Jul 20 at 5:06 pm Checked: Jul 20 at 5:06 pm
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 NH Brokerage LLC
Investment Insights
Based on property information with market context.
This turnkey mixed-use triplex includes three units with separate meters. The commercial unit operates as a country store and features an oversized walk-in refrigerator, a newly updated bathroom, and beautiful wood floors. The second unit is a spacious two-bedroom, two-level apartment with an additional bonus room and two bathrooms, plus a private deck and landscaped backyard, and it is occupied by long-term tenants. The third unit provides a one-bedroom, open-concept layout with a 3/4 bath and a deck, and it is owner-occupied.
The property is located at 518 Province Road in Gilmanton and sits directly across the street from town offices and local businesses.
Recent improvements include a new roof, updated plumbing, electrical, drywall, and insulation in the commercial space and the second-floor apartment, along with a new water pump, water tank, hot water heater, and a newer water filtration system completed in 2024.
The property is located at 518 Province Road in Gilmanton and sits directly across the street from town offices and local businesses.
Recent improvements include a new roof, updated plumbing, electrical, drywall, and insulation in the commercial space and the second-floor apartment, along with a new water pump, water tank, hot water heater, and a newer water filtration system completed in 2024.
Key Highlights
- Three‑unit mixed‑use property (commercial + 2 residential units) with separate meters for each unit
- Commercial unit operates as a country store and includes an oversized walk‑in refrigerator, updated bathroom, and wood floors
- Second unit is a 2‑bedroom, 2‑level apartment with bonus room, two bathrooms, private deck, and landscaped backyard
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.9k | $18.00 |
| − Vacancy | −$4.2k | −$1.17 |
| EGI | $59.8k | $16.83 |
| − OpEx | −$17.9k | −$5.05 |
| NOI | $41.8k | $11.78 |
3,552 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$766.1K
$670.4K – $893.8K
NOI $53,630 @ 7.0% cap · market cap 11.20%
Second Best
Multifamily LT 5
$740.4K
$647.8K – $863.8K
NOI $51,827 @ 7.0% cap · market cap 10.82%
Theoretical Best
Office A
$844.7K
$739.1K – $985.5K
NOI $59,128 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GCS
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit mixed-use property with separate meters, including an operating country store and two residential apartments.
Where is this triplex located?
The property is located at 518 Province Road Gilmanton, NH.
What is the asking price?
The asking price for this property is $478,900.
What are key features of this property?
This property features: Three‑unit mixed‑use property (commercial + 2 residential units) with separate meters for each unit; Commercial unit operates as a country store and includes an oversized walk‑in refrigerator, updated bathroom, and wood floors; Second unit is a 2‑bedroom, 2‑level apartment with bonus room, two bathrooms, private deck, and landscaped backyard
