Property profile

166 Prospect Hl Rd Walpole, NH 03608

OFF-MARKET
Commercial real estate
Property ID
US58-0102939
8.83 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 8.83 ac (384,635 SF)
Zoning code RUR R
APN WLPO M:00008 L:000061 S:000001
UPID US58-0102939

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Golf Course
  • Restaurant
  • Nightclub Music Venue

Location

166 Prospect Hl Rd Walpole, NH 03608-4725
Walpole metro Census 970200 KEENE, NH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k

Owner & transaction history

since 2025
Last sale
$387,533
3 recorded transactions
2025
$725,000
2021
$387,533
2019
$150,000

Zoning & alternative use

RUR R · Walpole, NH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 166 Prospect Hl Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message