Building Details

Year Built 1984

Listing Agency: Aaron Woods Of Badger Peabody & Smith Realty/Plymouth

Listed By: Chadd Dempsey Real Estate Experts Show Phone

Source: Dempseyteam

Added: Mar 26 Changed: Oct 4 Last Checked: Oct 5 at 6:44PM

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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 Aaron Woods Of Badger Peabody & Smith Realty/Plymouth

Investment Insights

Based on property information with market context.

Key Highlights

• Direct Lake Winnisquam waterfront property with a 40‑foot dock and permitted mooring.
• Rare flat yard at the water's edge** for easy lake access and outdoor activities.
• Main house with six bedrooms, two bathrooms, and spacious living areas.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,244

Cap Rate

2.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,044,880 $1.0M

Cap Rate 7%

$746,343 $746.3K

Cap Rate 9%

$580,489 $580.5K

Market Conditions

NOI Build-Up for 3,894 SF

Gross rent

$98.1K $25.20/SF

− Vacancy

−$3.1K −$0.81/SF

EGI

$95.0K $24.39/SF

− OpEx

−$42.7K −$10.98/SF

NOI

$52.2K $13.42/SF

Area

Belknap County, NH

Vacancy

3.20%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,044,880

Cap Rate 7%

$746,343

Cap Rate 9%

$580,489

Alternative Uses

Best Use

Apartment 5plus

$746.3K

$653.1K – $870.7K (±1% cap)

NOI $52,244 @ 7.0% cap · market cap 2.90%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$926.0K

$810.3K – $1.08M (±1% cap)

NOI $64,821 @ 7.0% cap · market cap 3.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Building Supply Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

73

Businesses Nearby

Explore this area Business Placement

Demographics for 03220, NH

7,368

Population

3,562

Households

2.1

Avg Household Size

45

Median Age

19%

College-Educated

90%

High-School Grad

30.3 sq mi

ZIP Area

243

Density / Sq Mi

$78,151

Median Household Income

$41,841

Median Earnings

$1,151

Median Rent

$265,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

Where is this multifamily property located?

The property is located at 88 Sunset Dr Belmont, NH.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Direct Lake Winnisquam waterfront property with a **40‑foot dock and permitted mooring.**; Rare flat yard at the water's edge** for easy lake access and outdoor activities.; Main house with **six bedrooms, two bathrooms, and spacious living areas.**