Listing Agency: Coldwell Banker Realty Gilford NH s***@cbrealty.com

Listed By: Gus Benavides · License #068497 Show Phone

Source: Exprealty

Added: May 23 Changed: Oct 3 Last Checked: Oct 19 at 10:10AM

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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.

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 / Yr

$117,810

Cap Rate

5.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,356,200 $2.4M

Cap Rate 7%

$1,683,000 $1.7M

Cap Rate 9%

$1,309,000 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $166,464 @ 7.0% cap · market cap 8.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Veterinary Clinic Restaurant Real Estate Agency Spa & Massage Center Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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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