Building Details

Building Size 3,829 SF

Year Built 1965

Units 2

Listing Agency: Coldwell Banker Realty Nashua

Listed By: Kathleen DeMello · License #062833 Show Phone

Source: Elliman

Added: Sep 15 Last Checked: Sep 15 at 2:29PM

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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 Coldwell Banker Realty Nashua

Investment Insights

Based on property information with market context.

This mixed-use property combines a former restaurant operation with a private residential component. The main level includes a bar area and commercial kitchen equipped with an existing grill and hood system. A second-floor two-bedroom apartment features a refurbished kitchen and provides additional on-site residential space.

The property occupies a 0.70-acre lot bordered by a brook, with rear outdoor space that can accommodate dining, events, or informal use. The building was constructed in 1965 and offers a combination of restaurant infrastructure, apartment space, and outdoor area within one commercial asset.

Key Highlights

• 0.70‑acre lot bordered by a brook
• Former restaurant space on the main level
• Commercial kitchen with existing grill and hood system

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$47,039

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

6.97%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$940,780 $940.8K

Cap Rate 7%

$671,986 $672.0K

Cap Rate 9%

$522,656 $522.7K

Market Conditions

NOI Build-Up for 3,829 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$82.7K $21.60/SF

− Vacancy

−$7.4K −$1.94/SF

EGI

$75.3K $19.66/SF

− OpEx

−$28.2K −$7.37/SF

NOI

$47.0K $12.29/SF

Area

Hillsborough County, NH

Vacancy

9.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$940,780

Cap Rate 7%

$671,986

Cap Rate 9%

$522,656

Alternative Uses

Best Use

Specialty Retail

$7.02M

$6.14M – $8.18M (±1% cap)

NOI $491,069 @ 7.0% cap · market cap 72.75%

Second Best

Mixed Use

$672.0K

$588.0K – $784.0K (±1% cap)

NOI $47,039 @ 7.0% cap · market cap 6.97%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Marcus P’s Cafe Restaurant Marcus P's Roadside ... Restaurant

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Nail Salon Law Firm Restaurant

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

1

Residential units

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 03086, NH

3,982

Population

1,820

Households

2.2

Avg Household Size

44

Median Age

42%

College-Educated

95%

High-School Grad

28.1 sq mi

ZIP Area

142

Density / Sq Mi

$117,732

Median Household Income

$56,611

Median Earnings

$1,389

Median Rent

$369,900

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

Questions? Ask Rey

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Former restaurant space with commercial kitchen, bar area, and a private apartment above.

Where is this mixed-use property located?

The property is located at 944 Gibbons Hwy Wilton, NH.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 0.70‑acre lot bordered by a brook; Former restaurant space on the main level; Commercial kitchen with existing grill and hood system