Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Retail Building with Residence Title is generated by Realmo AI

    521 Nh Route 104, Meredith, NH 03253

    View on Map
    Claim this Listing
    For Sale
    $1,999,999

    Turnkey retail business plus private residence with storage, office, and billboards on a high-traffic Route 104.

    Property size:
    10,000 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $199/SF
    Added:
    May 23, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 5 at 2:04 am

    Property Features for 521 Nh Route 104

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    Gus Benavides

    Listing agent Gus Benavides

    Listing office Coldwell Banker Realty Gilford NH

    Listing date May 23, 2026

    Source Exprealty

    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

    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
    • Heated walk‑out lower level with finished office space plus kitchen, workshop, utility room, full bath, and storage
    • Updates include heating/cooling via energy‑efficient mini splits, three 275‑gallon kerosene tanks, and a security/camera system
    • Includes a 576 SF two‑car garage with metal roof, three town‑approved billboards, and town‑approved spaces for a wood carving business and a potential food truck

    Overview

    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.

    Local Financial Insights For Office B

    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 $204.0k $20.40
    − Vacancy −$27.1k −$2.71
    EGI $176.9k $17.69
    − OpEx −$44.2k −$4.42
    NOI $132.7k $13.27
    10,000 SF · lease $20.40/SF/yr · vacancy 13.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.90M
    $1.66M – $2.21M (±1% cap)
    NOI $132,651 @ 7.0% cap · market cap 6.63%
    Second Best
    Retail
    $1.68M
    $1.47M – $1.96M (±1% cap)
    NOI $117,810 @ 7.0% cap · market cap 5.89%
    Theoretical Best
    Office A
    $2.38M
    $2.08M – $2.77M (±1% cap)
    NOI $166,464 @ 7.0% cap · market cap 8.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Veterinary Clinic Restaurant Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Meredith
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.582924
    Latitude
    43.61974

    Nearby Similar for Sale

    • $349,900

      Luxury Storage Condominiums Near Lake

      Exclusive storage condominiums designed for recreation and storage near Lake Winnipesaukee.
      2-3-11 Annalee Pl, Meredith, NH
      View Details
    • $899,000
      3,948 SF

      Meredith Office Building For Sale

      Office building with finished lower level and high visibility.
      252 Daniel Webster Hwy, Meredith, NH 03253
      View Details

    FAQs

    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
    (603) 524-2255
    We can help!
    Listing Contact
    Gus Benavides
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    521 Nh Route 104, Meredith, NH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!