Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    693 Hill Road Franklin, NH 03235

    View on Map
    Claim this Listing
    New
    For Sale
    $120,000

    Land - Franklin, NH

    Lot size:
    2.20 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    5
    Last Refresh:
    May 1 at 12:06 pm

    Property Features for 693 Hill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    Lot size
    2.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1153

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Alan Destefano

    Listing agent Alan Destefano

    Listing office Granite Group Realty Service's 366 Lake St., Suite A, Bristol, NH

    Listing date Apr 27, 2026

    MLS# 5085586 Listing URL

    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.

    Overview

    Residential Land with Drilled Well

    This 2.2-acre country lot is suitable for building a new residence or retreat. It features road frontage and an existing driveway for easy access. A drilled well is already installed, ready for connection once a home is built. The septic design has received state approval. A cabin is included in the sale. Located in Franklin, New Hampshire, the property offers access to a state road leading North and South.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.681035
    Latitude
    43.497259

    Nearby Similar for Sale

    • $359,900

      Turn-Key Restaurant Property Available

      Restaurant-ready commercial property with equipment included in Franklin, NH.
      421 N Main Street, Franklin, NH 03235
      View Details
    • $300,000
      2,781 SF

      Franklin Multi-Family Investment Opportunity

      Spacious multi-family property with renovation potential in Franklin, NH.
      11 Pine Street, Franklin, NH 03235
      View Details
    • $1,000,000
      4,714 SF

      Historic Mixed-Use Building, Franklin, NH

      Historic mixed-use building with residential and commercial units in Franklin.
      416 Central Street, Franklin, NH 03235
      View Details
    • $250,000

      Downtown Retail Space in Franklin

      Business-ready retail space in Franklin Falls Historic District.
      357 Central Street, Franklin, NH 03235
      View Details
    • $1,000,000

      Historic Kenrick Building For Sale

      Historic mixed-use building with residential and commercial units in Franklin.
      416 Central Street, Franklin, NH 03235
      View Details
    • $149,900

      Residential Lot in Franklin, NH

      0.40-acre lot with utilities available for new home construction.
      00 Terrace Road, Franklin, NH 03235
      View Details
    • $359,900

      Turn-Key Restaurant Opportunity

      Restaurant property for sale, includes building, land, and equipment.
      421 N Main St, Franklin, NH 03235
      View Details
    • $399,000

      96 Acres of Land Available

      Large acreage in central NH, close to recreation.
      00 Summit Street, Franklin, NH 03235
      View Details
    • $550,000
      4,392 SF

      Brick Building with Stained Glass

      2.5-story building featuring stained glass and a furnished kitchen.
      58 S Main St, Franklin, NH
      View Details
    • $169,000

      Franklin Land with Subdivision Potential

      7.3 acres of wooded land, previously approved for 6-lot subdivision.
      Rowell Drive, Franklin, NH 03235
      View Details
    • Contact for pricing
      11,180 SF

      Retail Building with Drive-Thru

      Freestanding retail building with drive-thru on 1.78 acres.
      951 Central St, Franklin, NH
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.2-acre residential lot with well, driveway, and approved septic.
    Where is this residential land & home lot located?
    The property is located at 693 Hill Road Franklin, NH.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Large country lot ideal for building a new residence or retreat.; Driveway and **drilled well already installed.**; Septic design has state approval.
    (603) 744-3004
    We can help!
    Listing Contact
    Alan Destefano
    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

    693 Hill Road, Franklin, NH 03235

    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!