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    Live/Work Cape with Auto Repair Title is generated by Realmo AI

    60 Chichester Road, Loudon, NH 03813

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    Claim this Listing
    For Sale
    $795,000

    Commercial For Sale - Loudon, NH

    Property size:
    3,900 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $203/SF
    Added:
    Feb 20, 2026
    Days on Market:
    96
    Last Refresh:
    May 27 at 10:06 am

    Property Features for 60 Chichester Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Size
    3,900 SF
    Lot size
    2.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Julie Steiner

    Listing agent Julie Steiner

    Listing office Whitehill Estates & Homes 48 Maple Manor Road., N. Conway, NH

    Listing date Feb 20, 2026

    MLS# 5077163 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.

    HighLights

    • Legally Permitted Auto Repair Business: Rare zoning allows a fully operational auto repair shop, eliminating commercial leasing fees.
    • Turn‑Key Business Opportunity: Established customer base and fully equipped 1,800 sq. ft. two‑bay commercial garage ready for immediate operation.
    • Spacious Cape Home: 2,100+ sq. ft. 3‑bedroom, 2.5‑bath Cape offers comfortable living.
    • Professional‑Grade Garage: Includes a professional‑grade automotive lift and heavy‑duty electrical infrastructure.
    • Large Lot: Set on 2+ acres, providing ample space and privacy.
    • Luxurious Primary Suite: Features a massive walk‑in closet and a double‑vanity en‑suite bath.

    Overview

    This property presents a rare live/work opportunity, featuring a cape-style home with a fully permitted auto repair service center. Set on over two acres, the property includes a legally approved zoning variance that allows a commercial automobile service center and repair shop to operate on the premises. The business operates out of a detached 1,800 sq. ft. two-bay commercial garage, equipped with a professional-grade automotive lift and dedicated electrical service. The home offers over 2,100 sq. ft. of living space, including three bedrooms and 2.5 bathrooms. The layout includes a living area and a kitchen that flows into the dining room. The primary suite features a walk-in closet and an en-suite bath with a double vanity. Two additional bedrooms provide space for family or guests. The basement includes an under-house garage, storage space, and potential for additional living area.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $605.8K
    NOI $54,524 @ 9.00% cap · cautious / downside scenario
    Moderate
    $778.9K
    NOI $54,524 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.09M
    NOI $54,524 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $84.2k $21.60
    − Vacancy −$11.5k −$2.96
    EGI $72.7k $18.64
    − OpEx −$18.2k −$4.66
    NOI $54.5k $13.98
    3,900 SF · lease $21.60/SF/yr · vacancy 13.70% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $778.9K
    $681.6K – $908.7K (±1% cap)
    NOI $54,524 @ 7.0% cap · market cap 6.86%
    Second Best
    Apartment 5plus
    $737.5K
    $645.3K – $860.4K (±1% cap)
    NOI $51,622 @ 7.0% cap · market cap 6.49%
    Theoretical Best
    Office A
    $1.02M
    $888.6K – $1.18M (±1% cap)
    NOI $71,084 @ 7.0% cap · market cap 8.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Gym & Fitness Center Department Store Cafe & Coffee Shop

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

    Similar Places Nearby

    • David E Heath Auto Body Shop, LLC — 304 Chichester Rd, Loudon, NH 03307
    • Williams Alignment & General Auto Repair — 108 King Rd, Chichester, NH 03258

    Location Insight

    • Map
    • Local Demand
    City
    Loudon
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.4574169
    Latitude
    43.272676

    FAQs

    What type of property is this?
    Auto shop - Cape home with permitted auto repair service center on 2+ acres.
    Where is this auto shop located?
    The property is located at 60 Chichester Road Loudon, NH.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Legally Permitted Auto Repair Business: Rare zoning allows a fully operational auto repair shop, eliminating commercial leasing fees.; Turn‑Key Business Opportunity: Established customer base and fully equipped 1,800 sq. ft. two‑bay commercial garage ready for immediate operation.; Spacious Cape Home: 2,100+ sq. ft. 3‑bedroom, 2.5‑bath Cape offers comfortable living.
    (603) 733-6696
    We can help!
    Listing Contact
    Julie Steiner
    Request Owner's contact information
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    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
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