Turnkey Retail Building with
For Sale
$1,999,999
521 Nh Route 104, Meredith, NH 03253
Turnkey retail business plus private residence with storage, office, and billboards on a high-traffic Route 104.
Property Size10,000 SF
Lot Size5.00 Acres
Price / SF$199
Days on Market105
Property Features for 521 Nh Route 104
General Information
Standard status
Active
Size
10,000 SF
Lot size
5.00 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,350
Listing Agency:
Coldwell Banker Realty Gilford NH
Listed By:
Gus Benavides · License #068497
(603) 524-2255
Source:
Exprealty
Added: May 23
Changed: Aug 31
Last Checked: Sep 2 at 1:29AM
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 Coldwell Banker Realty Gilford NH
Investment Insights
Based on property information with market context.
This commercial property combines a turn-key retail operation with a full private residence under one roof. The main floor includes a 98’ x 30’ retail sales area with vaulted ceilings, along with a 21’ x 18’ storage space, a 20’ x 12’ office, and a 5’ x 5’ half bath. The property also features a 34’ x 30’ private residence with two bedrooms, a 29’ x 16’ living/dining room with fireplace, a 10’ x 8’ kitchen, and a 9’ x 7’ full bath. A heated, walk-out lower level adds a finished office with kitchen, workshop, utility room, a 9’ x 5’ full bath, and additional storage.
Located on well-traveled Route 104, the property benefits from significant daily pass-by traffic. The Meredith Trading Post is noted in the remarks as being offered for the first time in many decades, and the property includes three town-approved billboards for advertising exposure.
For buyers or owner-operators seeking an all-in-one setup, the layout supports retail customers at the front of the building with office and storage space on both levels. The offering also includes a town-approved location for an existing wood carving business that pays rent to the current owners, along with a town-authorized space for a potential food truck business. Recent owner updates include heating/cooling work with energy-efficient mini splits, monitor-type heating supported by three 275-gallon kerosene tanks, and a security/camera system. A 576 sq. ft. two-car garage with metal roof is included.
Located on well-traveled Route 104, the property benefits from significant daily pass-by traffic. The Meredith Trading Post is noted in the remarks as being offered for the first time in many decades, and the property includes three town-approved billboards for advertising exposure.
For buyers or owner-operators seeking an all-in-one setup, the layout supports retail customers at the front of the building with office and storage space on both levels. The offering also includes a town-approved location for an existing wood carving business that pays rent to the current owners, along with a town-authorized space for a potential food truck business. Recent owner updates include heating/cooling work with energy-efficient mini splits, monitor-type heating supported by three 275-gallon kerosene tanks, and a security/camera system. A 576 sq. ft. two-car garage with metal roof is included.
Key Highlights
- Meredith, NH commercial property on Route 104 with a private residence and 10,000+ SF on 5.0 acres
- Main floor includes 98' x 30' retail sales space with vaulted ceilings plus office, half bath, and 21' x 18' storage
- Private residence features two bedrooms, 29' x 16' living/dining room with fireplace, 10' x 8' kitchen, and full bath
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
$117,810
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
5.89%
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%
$2,356,200
$2.4M
Cap Rate 7%
$1,683,000
$1.7M
Cap Rate 9%
$1,309,000
$1.3M
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
−$11.7K −$1.17/SF
EGI
$168.3K $16.83/SF
− OpEx
−$50.5K −$5.05/SF
NOI
$117.8K $11.78/SF
Area
Belknap County, NH
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,356,200
Cap Rate 7%
$1,683,000
Cap Rate 9%
$1,309,000
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,810 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,464 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03253, NH
6,558
Population
5,111
Households
1.3
Avg Household Size
54
Median Age
44%
College-Educated
97%
High-School Grad
37.5 sq mi
ZIP Area
175
Density / Sq Mi
$69,808
Median Household Income
$40,587
Median Earnings
$1,230
Median Rent
$444,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey retail business plus private residence with storage, office, and billboards on a high-traffic Route 104.
Where is this storefront property located?
The property is located at 521 Nh Route 104 Meredith, NH.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Meredith, NH commercial property on Route 104 with a private residence and 10,000+ SF on 5.0 acres; Main floor includes 98' x 30' retail sales space with vaulted ceilings plus office, half bath, and 21' x 18' storage; Private residence features two bedrooms, 29' x 16' living/dining room with fireplace, 10' x 8' kitchen, and full bath
