720 Kearsarge Rd, Conway, NH 03860

Building Details

Building Size 7,800 SF More

Year Built 1773 More

Listing Agency: Keller Williams Coastal and Lakes & Mountains Realty

Listed By: Pamela Adami

Source: Popularproperties

Added: Nov 7 Last Checked: Nov 8 at 7:36AM

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Investment Insights

Based on property information with market context.

The Isaac Merrill House is configured as a 17-room extended-stay rental property serving the Mount Washington Valley workforce housing market. The historic property dates to 1773 and carries RA zoning.

Located on Kearsarge Road in Conway, the property is a short drive from North Conway Village, Cranmore Mountain Resort, Schouler Park, Story Land, shopping, dining, and year-round recreation. Potential future configurations mentioned for the property include continued workforce housing, group lodging, boutique inn operations, or a return to bed-and-breakfast use, subject to local approvals.

Key Highlights

• 17‑room extended‑stay rental configuration
• Serves the Mount Washington Valley workforce housing market
• Property dates to 1773

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,270

Cap Rate

6.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,605,400 $1.6M

Cap Rate 7%

$1,146,714 $1.1M

Cap Rate 9%

$891,889 $891.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,800 SF

Gross rent

$154.4K $19.80/SF

− Vacancy

−$8.5K −$1.09/SF

EGI

$145.9K $18.71/SF

− OpEx

−$65.7K −$8.42/SF

NOI

$80.3K $10.29/SF

Area

Carroll County, NH

Vacancy

5.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,605,400

Cap Rate 7%

$1,146,714

Cap Rate 9%

$891,889

Alternative Uses

Best Use

Apartment 5plus

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,270 @ 7.0% cap · market cap 6.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.95M

$1.70M – $2.27M (±1% cap)

NOI $136,334 @ 7.0% cap · market cap 11.86%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 03860, NH

3,910

Population

3,169

Households

1.2

Avg Household Size

53

Median Age

40%

College-Educated

95%

High-School Grad

23.2 sq mi

ZIP Area

169

Density / Sq Mi

$81,771

Median Household Income

$45,915

Median Earnings

$1,094

Median Rent

$328,500

Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Conway, NH

$248 Jul

$264 Aug

$235 Sep

$191 Oct

Properties on Market for Residential income properties in Conway

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Residential income property - Configured for extended-stay rentals, the property serves the Mount Washington Valley workforce housing market.

Where is this residential income property located?

The property is located at 720 Kearsarge Rd Conway, NH.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: 17‑room extended‑stay rental configuration; Serves the Mount Washington Valley workforce housing market; Property dates to 1773