Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24 Lexington Drive Laconia, NH 03246

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial For Lease - Laconia, NH

    Added:
    Dec 15, 2025
    Days on Market:
    136
    Last Refresh:
    Apr 30 at 8:06 pm

    Property Features for 24 Lexington Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C
    Standard status
    Active

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Weeks
    Steve Weeks

    Listing agent Steve Weeks

    Listing office RE/MAX Innovative Bayside 604 Main St., Londonderry, NH

    Listing date Dec 15, 2025

    MLS# 5072033 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.

    Overview

    Laconia Manufacturing Space For Lease

    This commercial space in Laconia, New Hampshire, offers 6,400 square feet suitable for manufacturing purposes. The property features a finished manufacturing area with a loading dock. Approximately 2,000 square feet of finished office space is included, along with an additional +/- 1,500 square feet of finished mezzanine level. The location benefits from access to all city services. The space is equipped with buss duct and power infrastructure to support machine tool equipment. Furthermore, this unit can be combined with Unit 4, which provides an additional 4,800 square feet, resulting in a total of 10,800 square feet of contiguous first-floor space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Daddy's Signs (Bike/Boat/Book/etc) Store GSP Laconia - Machining ... Industrial Manufacturer Juggernaut Fitness Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.486016
    Latitude
    43.546159

    Nearby Similar for Lease

    • $1,000/Mo

      Laconia Auto Shop/Retail Space

      High-traffic location with flexible mechanic bays and retail options.
      969 Union Ave, Laconia, NH 03246
      View Details
    • Contact for pricing

      Laconia Commercial Space For Lease

      4,800 sq ft commercial space with loading dock.
      24 Lexington Drive, Laconia, NH 03246
      View Details
    • $15 SF/Yr

      Historic Mill Conversion Office Space

      Inviting office space in a historic mill conversion building.
      67 Water St 209, Laconia, NH 03246
      View Details
    • $3,000/Mo

      Spacious Garage with Outdoor Storage

      Large garage with outdoor storage, ideal for various businesses.
      194 Garfield Street, Unit c, Laconia, NH 03246
      View Details
    • Contact for pricing

      Flex Space in Laconia, NH

      Flex/industrial space for lease with drive-in door and mezzanine.
      14 Lexington Drive, Laconia, NH 03246
      View Details
    • $2,000/Mo

      Move-in Ready Retail/Office Space

      Pristine 1,680 SF retail or office space for lease.
      32 Artisan Court, Laconia, NH
      View Details
    • Contact for pricing

      Laconia Commercial Space For Lease

      Commercial space for lease in high-traffic Laconia location.
      969 Union Avenue, Laconia, NH 03246
      View Details
    • $6 SF/Yr

      Industrial Sublease in Laconia

      Industrial space for sublease in a thriving Laconia market.
      28 Lexington Dr, Laconia, NH
      View Details
    • Contact for pricing

      Laconia Office Space For Rent

      Functional and adaptable office space in Laconia’s Union Square.
      376 Union Ave, Laconia, NH 03246
      View Details
    • $16 SF/Yr

      Gilford Retail and Office Space

      Multiple spaces for lease in Gilford, ranging from 250-3,500 SF.
      131 Lake St, Laconia, NH
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 6,400 sq ft manufacturing space with finished office and mezzanine.
    Where is this manufacturing property located?
    The property is located at 24 Lexington Drive Laconia, NH.
    What are key features of this property?
    This property features: 6,400 sq. ft. finished manufacturing space with loading dock.; Includes approximately 2,000 sq. ft. of finished office space and +/- 1,500 sq. ft. finished mezzanine.; Prime location with all city services.
    (603) 785-5811
    We can help!
    Listing Contact
    Steve Weeks
    Steve Weeks
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!