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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    166 Prospect Hl Rd, Walpole, NH 03608-4725

    8.83 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US58-0102939
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hooper Golf Course Golf Course
    • Watkins Inn & Tavern Restaurant
    • Club House Nightclub Music Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gramball LLC · 1 yrs held
    Gramball LLC
    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
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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