Building Details

Building Size 7,800 SF

Year Built 1773

Listed By: Alyson Roslonek Show Phone

Source: Milestonerealtyinc

Added: May 15 Changed: Oct 7 Last Checked: Oct 7 at 9:52AM

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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 Alyson Roslonek

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Investment Insights

Based on property information with market context.

Located on Kearsarge Road in North Conway, the historic Isaac Merrill House, originally established in 1773, presents a blend of history and future opportunity in the Mount Washington Valley. The 7,800 square foot property operated for many years as a bed & breakfast. Currently, the building is configured for mid-term rentals, providing extended-stay housing. The location is minutes from Cranmore Mountain, Story Land, Schouler Park, and North Conway Village, placing residents and guests in the center of year-round recreation and activity. The property offers flexibility to continue the current extended-stay rental model, or explore the possibility of reestablishing the building as a bed & breakfast.

Key Highlights

• Historic Isaac Merrill House (est. 1773) offers unique character and appeal.
• Prime location minutes from Cranmore Mountain, Story Land, Schouler Park, and North Conway Village.
• Strong rental demand in the White Mountains.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$97,812

Cap Rate

8.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,956,240 $2.0M

Cap Rate 7%

$1,397,314 $1.4M

Cap Rate 9%

$1,086,800 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,800 SF

Gross rent

$234.0K $30.00/SF

− Vacancy

−$28.1K −$3.60/SF

EGI

$205.9K $26.40/SF

− OpEx

−$108.1K −$13.86/SF

NOI

$97.8K $12.54/SF

Area

Carroll County, NH

Vacancy

12.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,956,240

Cap Rate 7%

$1,397,314

Cap Rate 9%

$1,086,800

Alternative Uses

Best Use

Hotel Hospitality

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,812 @ 7.0% cap · market cap 8.15%

Second Best

Apartment 5plus

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,270 @ 7.0% cap · market cap 6.69%

Theoretical Best

Office A

$1.95M

$1.70M – $2.27M (±1% cap)

NOI $136,334 @ 7.0% cap · market cap 11.36%

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

Property Analytics

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Current Use

Bed & breakfasts

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Balanced

Demand for This Use

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Bed & breakfast - Historic property near North Conway Village with future opportunities.

Where is this bed & breakfast located?

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

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Historic Isaac Merrill House (est. 1773) offers unique character and appeal.; Prime location minutes from Cranmore Mountain, Story Land, Schouler Park, and North Conway Village.; Strong rental demand in the White Mountains.