Mechanic Shop/Car Dealership For
For Sale
$850,000
549 West Main Street, Tilton, NH 03226
Mechanic shop/car dealership with 8 bays in prime location.
Property Size5,055 SF
Lot Size2.00 Acres
Price / SF$168.15
Days on Market562
Property Features for 549 West Main Street
General Information
Standard status
Active
Size
5,055 SF
Lot size
2.00 Acres
Property subtype
Commercial
Zoning
Com
Building Details
Year Built
1960
Listing Agency:
LPT Realty - Home & Key Group
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Feb 19, 2025
Changed: Sep 3
Last Checked: Sep 4 at 3:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty - Home & Key Group
Investment Insights
Based on property information with market context.
This mechanic shop and car dealership features 8 bays, an office, and 2 bathrooms. The property is situated in a prime location with high traffic volume, surrounded by businesses such as Tractor Supply, Hannaford Grocery Store, McDonald’s, Dunkin’s, and a lumberyard. The level lot includes approximately 2 acres of parking. Zoned for commercial use, the property offers many potential uses. It is currently partially rented.
Key Highlights
- Prime location with high traffic volume near major retailers.
- Eight‑bay mechanic shop/car dealership setup.
- Commercial zoning allows for diverse business opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,553
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,191,060
$1.2M
Cap Rate 7%
$850,757
$850.8K
Cap Rate 9%
$661,700
$661.7K
Market Conditions
NOI Build-Up for 5,055 SF
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.
Gross rent
$91.0K $18.00/SF
− Vacancy
−$5.9K −$1.17/SF
EGI
$85.1K $16.83/SF
− OpEx
−$25.5K −$5.05/SF
NOI
$59.6K $11.78/SF
Area
Belknap County, NH
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,191,060
Cap Rate 7%
$850,757
Cap Rate 9%
$661,700
Alternative Uses
Best Use
Retail
$850.8K
$744.4K – $992.6K
NOI $59,553 @ 7.0% cap · market cap 7.01%
Second Best
Industrial
$638.1K
$558.3K – $744.4K
NOI $44,665 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,148 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
52k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 41%
Home Improvements & Furnishings 14%
Dollar Tree
Shops & Services
15,677 visits/mo
0.3 miles
Dunkin' Donuts
Dining
13,095 visits/mo
0.1 miles
Aroma Joe's
Dining
7,847 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
5,371 visits/mo
0.3 miles
Dollar General
Shops & Services
4,726 visits/mo
0.4 miles
Demographics for 03226, NH
1,145
Population
757
Households
1.5
Avg Household Size
56
Median Age
42%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
84
Density / Sq Mi
$119,375
Median Household Income
$50,074
Median Earnings
$388,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Winners Circle Auto Sales — 472 w main st, tilton, nh 03276
- Marcotte's Automotive & Fleet — 600 W Main St, Tilton, NH 03276
- Rent A Tech LLC — 549 W Main St, Tilton, NH 03276
- Mad motors automotive — 549 W Main St, Tilton, NH 03276
- Mike's Automotive — 549 W Main St, Tilton, NH 03276
Frequently Asked Questions
What type of property is this?
Auto shop - Mechanic shop/car dealership with 8 bays in prime location.
Where is this auto shop located?
The property is located at 549 West Main Street Tilton, NH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location with high traffic volume near major retailers.; Eight‑bay mechanic shop/car dealership setup.; Commercial zoning allows for diverse business opportunities.
