Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    240 Meriden Rd Lebanon, NH 03766

    Sponsored
    For Sale
    $1,600,000

    Commercial For Sale - Lebanon, NH

    Property size:
    3,700 SF
    Lot size:
    6.90 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 4 at 3:06 am

    Property Features for 240 Meriden Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2 w/grandfather rights
    Rooms
    Basement
    Basement Y/N
    1
    Size
    3,700 SF
    Lot size
    6.90 Acres

    Building Details

    Year built
    1955
    Number of units
    3
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    James Ward

    The Equity Group of New London, Inc. (603) 526-4000

    Listing agent James Ward (603) 448-8000

    Listing date Jan 25, 2026

    MLS# 5074880 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.

    Learn more

    Property Insight Report

    Overview

    Lebanon Mixed-Use Commercial Property

    This mixed-use property in Lebanon, NH, features three buildings situated on 6.9 acres. The property is currently occupied by a medical equipment sales and repair company with a lease extending until June 2026, with occupancy negotiable. The main building includes two levels: a 3700 square foot ground level suitable for office and product display with good street visibility, and a 1260 square foot lower walk-out level used for storage and repair. A post and beam barn, in very good condition with drive-through access and good road visibility, provides 4800 square feet of unheated space. Additionally, there is a 2160 square foot repair/storage building in very good condition. The property benefits from flexible grandfather use rights, allowing for multiple uses. It features extensive road frontage, with 734 feet on Rt. 120 and 300 feet on Storrs Hill Rd, suggesting subdivision potential. Ample paved parking is available on this corner lot location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Keene Medical Products ... Medical Supply Store

    Suggested Use

    Law Firm Building Supply Spa & Massage Center Pharmacy Kitchen & Bath Showroom HVAC Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Grafton
    State
    New Hampshire
    Longitude
    -72.2341258
    Latitude
    43.6263287

    Nearby Similar for Sale

    • $649,000

      Updated Multifamily Investment Opportunity

      Fully leased multifamily property in the heart of Lebanon.
      26 Parkhurst St, Lebanon, NH 03766
      View Details
    • $1,295,000

      Waterfront Restaurant with Outdoor Seating

      Established restaurant on Mascoma Lake with indoor and outdoor seating.
      83 Nh Rte, Lebanon, NH 03766
      View Details
    • $625,000

      Lebanon Investment Property For Sale

      Five-unit investment property in central Lebanon, walking distance to amenities.
      24 Granite St, Lebanon, NH 03766
      View Details
    • $725,000

      Mixed-Use Property in Lebanon, NH

      Mixed-use property with apartments and established business in Lebanon.
      29 Mascoma St, Lebanon, NH 03766
      View Details
    • $424,900

      Lebanon Duplex Near Industrial Zone

      Duplex in Lebanon near Fort Lou's and Hypertherm.
      139 Heater Rd, Lebanon, NH 03766
      View Details
    • $2,250,000

      Class A Office Building

      High-profile office building in the Upper Valley.
      199 Heater Rd, Lebanon, NH 03766
      View Details
    • $600,000

      Well-Maintained Three-Unit Investment Property

      Three-unit property in the heart of Lebanon, New Hampshire.
      32 Bank St, Lebanon, NH 03766
      View Details
    • $925,000

      Retail Site on Miracle Mile

      0.86 acre retail site on the Miracle Mile.
      345 Miracle Mile, Lebanon, NH 03756
      View Details
    • $875,000
      8,105 SF

      Historic Building in Ideal Location

      Leased historic building near I-89 and downtown Lebanon.
      2 S Park St, Lebanon, NH 03766
      View Details
    • Contact for pricing
      156,462 SF

      Fully-Leased Industrial Building For Sale

      156,416 SF industrial building in West Lebanon, NH.
      West Lebanon, NH 03784
      View Details
    • Contact for pricing

      Lebanon, NH Specialty Property

      Specialty property available for sale in Lebanon, New Hampshire.
      326 Dartmouth College Hwy, Lebanon, NH 03766
      View Details
    • $490,000

      Water Street Commercial Property

      Commercial property for sale on Water Street, Lebanon, NH.
      37 Water St, Lebanon, NH 03766
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with three buildings on 6.9 acres.
    Where is this mixed-use property located?
    The property is located at 240 Meriden Rd Lebanon, NH.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Extensive road frontage (734 feet on Rt. 120, 300 feet on Storrs Hill Rd) offering subdivision potential.; - Flexible grandfathered use rights allowing for multiple uses.; - Three buildings on 7 acres: Main building (3700 sf office/display, 1260 sf storage/repair), post and beam barn (4800 sf), repair/storage building (2160 sf).
    (603) 448-8000
    Request Owner's contact information
    240 Meriden Rd Lebanon, NH 03766
    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.
    240 Meriden Rd
    Lebanon, NH 03766
    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
    240 Meriden Rd Lebanon, NH 03766
    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

    We can help!
    Listing Contact
    James Ward
    (603) 448-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.