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Property profile & analytics

166 Prospect Hill Rd Walpole, NH 03608

  • Commercial real estate
  • 8.83 lot acres
Value Estimation
Last Sale
Jan 15, 2021
$387,533
Location Intelligence
Property ID
US58-0102939
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Hooper Golf Course / Golf Course
  • Watkins Inn & Tavern / Restaurant / Inn
  • Club House / Club

Property Details for 166 Prospect Hill Rd

Lot size
8.83 lot acres
Zone code
RUR R
Property type
Commercial real estate
APN
WLPO M:00008 L:000061 S:000001
APU
WLPOM00008L000061S000001

Description

Nestled on 8.83 acres of beautiful land adjacent to the award-winning Hooper Golf Course in Walpole, New Hampshire, sits the Watkins Inn and Tavern. This historic property presents a unique opportunity to own a thriving turn-key business. The recently revitalized tavern boasts a sophisticated atmosphere, complete with a brand-new furnace and a state-of-the-art refrigerated room featuring a stylish tap system. The Inn/B&B offers meticulously updated guest rooms, each with its own private bathroom, seamlessly blending modern comfort with historical charm. Social rooms retain their period details, enhanced by a bar overlooking the golf course and stunning Vermont sunsets. Three dining rooms, plus an expansive three-season screened-in porch, provide ample space for weddings, functions, and large gatherings. Extensive parking is available, with room for additional outdoor event tents. The property also includes an inviting one-bedroom rental unit, ideal for supplemental income or on-site management, adding to the five bedrooms and seven bathrooms already present in the main building. A pro shop and barn are included, operating under a long-term lease with the Hooper Golf Course. This exceptional offering encompasses a total of 4,955 square feet and presents a compelling blend of business opportunity, historical significance, and significant income potential. The property's size and amenities make it an ideal location for a variety of events and functions. The potential for expansion on the expansive lot is also a significant advantage.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $535,000
  • CAP approach

    CAP return
    Estimation
    6%
    $415,000
    6.5%
    $375,000
    7%
    $415,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $400,000
    Geo Method
    $425,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $380,000
    Retail
    $470,000
    Mixed-Use
    $400,000
    Hospitality
    $415,000
    Educational
    $470,000
    Residential Income
    $475,000
    Energy
    $390,000
    Income-Based Land
    $480,000
    Food Service
    $440,000

Location Insight

  • Map
  • Local Demand
City
Walpole
County
Cheshire
State
New Hampshire
Longitude
-72.3959
Latitude
43.038
CBSA code
28300
CBSA name
KEENE, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,029
$326,700
$660,300
$987,000
-
$0.00
$0.00
$0.00
More about this property
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