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    Residential Home Lot Title is generated by Realmo AI

    Hilliard Road lot 11-46B, Kensington, NH 03833

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    Claim this Listing
    For Sale
    $450,000

    LAND - Kensington, NH

    Lot size:
    3.36 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    43
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for Hilliard Road lot 11-46B

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    3.36 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Michele Priddy

    Listing agent Michele Priddy

    Listing office Coldwell Banker Realty Bedford NH 166 Rte 101, Bedford, NH

    Listing date Apr 24, 2026

    MLS# 5085275 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.

    HighLights

    • 3.366‑acre lot in Kensington, NH on a peaceful, scenic road
    • Well and septic are needed (no public water or sewer indicated)
    • Lot can accommodate home designs up to 100 feet wide
    • Builder tie‑in available with sample plans in the photo gallery or bring your own design
    • Minutes to Routes 101 and 95 and the Seacoast for commuting
    • Convenient to downtown Exeter, Phillips Exeter Academy, and Swasey Parkway

    Overview

    This residential home lot in Kensington, NH offers 3.36 acres of buildable land on a peaceful, scenic road. The seller notes builder tie-in and provides sample plans in the photo gallery, or you can bring your own design. The parcel is described as well-suited for a Ranch-style or single-level home, with the ability to accommodate designs up to 100 feet wide.

    The property is positioned in a country atmosphere while remaining minutes to Routes 101 and 95 and the Seacoast. For everyday destinations, downtown Exeter offers restaurants and shops, and the area also includes Swasey Parkway.

    For prospective homeowners and builders, this lot provides flexibility around home design while staying within a residential zoning designation. If your goal is a single-level layout, the stated 100-foot-wide accommodation may fit common footprint planning, and the availability of sample plans can streamline early design decisions. Agents should review the full remarks for builder guidance and submission details tied to MLS 5089060.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kensington
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.9573087
    Latitude
    42.9388392

    Nearby Similar for Sale

    • $850,000

      Kensington Commercial Opportunity on 2.10 Acres

      2.10 acre lot with existing 5-unit multifamily property.
      269 South Rd, Kensington, NH 03833
      View Details
    • $11,541

      Agricultural Land For Sale

      54 acre agricultural parcel with open fields and road frontage.
      153 Drinkwater Rd, Kensington, NH 03833
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable residential parcel with room for a single-level home and builder-supported design options.
    Where is this residential land & home lot located?
    The property is located at Hilliard Road lot 11-46B Kensington, NH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 3.366‑acre lot in Kensington, NH on a peaceful, scenic road; Well and septic are needed (no public water or sewer indicated); Lot can accommodate home designs up to 100 feet wide
    (603) 848-9559
    We can help!
    Listing Contact
    Michele Priddy
    Learn More
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    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.

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    Hilliard Road lot: 11-46B, Kensington, NH 03833-5516
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