Auto Service and Sales
For Sale
$850,000
969 Union Avenue, Laconia, NH 03246
Retail auto service and sales building with overhead drive-in doors and capacity for approximately 50 to 60 vehicles.
Property Size3,266 SF
Price / SF$260.26
Days on Market549
Property Features for 969 Union Avenue
General Information
Standard status
Active
Size
3,266 SF
Property subtype
Commercial
Zoning
Comm
Additional Details
Service Bays
2
Building Details
Year Built
2001
Listing Agency:
JMJ Commercial Realty, Inc.
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Feb 19, 2025
Changed: Aug 22
Last Checked: Aug 22 at 3:48AM
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 JMJ Commercial Realty, Inc.
Investment Insights
Based on property information with market context.
The property consists of a retail automotive use building totaling approximately 3,264 square feet and a used car sales and service lot that holds approximately 50 to 60 vehicles. The interior includes two office areas, a waiting room, a break room, and 4.5 bathrooms. There are two storage lofts, and two lifts are noted as remaining with the property. The overhead garage doors are 12x14, supporting vehicle-ready access to the building.
The offering is located at 969 Union Avenue in Laconia, NH, and the public remarks note a high traffic count. The parcel is just shy of an acre, with the outdoor lot configured for ongoing vehicle display and customer flow.
This configuration is well suited for an owner-operator or investor seeking a turn-key automotive site that already supports used vehicle sales alongside light service or repair. The combination of drive-in overhead doors, office and customer areas, and multiple restrooms can support day-to-day operations without requiring immediate layout changes.
The offering is located at 969 Union Avenue in Laconia, NH, and the public remarks note a high traffic count. The parcel is just shy of an acre, with the outdoor lot configured for ongoing vehicle display and customer flow.
This configuration is well suited for an owner-operator or investor seeking a turn-key automotive site that already supports used vehicle sales alongside light service or repair. The combination of drive-in overhead doors, office and customer areas, and multiple restrooms can support day-to-day operations without requiring immediate layout changes.
Key Highlights
- Built in 2001: 3,264 SF retail auto service and sales building
- Overhead drive‑in doors include overhead garage doors sized 12x14
- Used car sales and service lot holds approximately 50–60 vehicles
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
$38,477
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
4.53%
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%
$769,540
$769.5K
Cap Rate 7%
$549,671
$549.7K
Cap Rate 9%
$427,522
$427.5K
Market Conditions
NOI Build-Up for 3,266 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
$58.8K $18.00/SF
− Vacancy
−$3.8K −$1.17/SF
EGI
$55.0K $16.83/SF
− OpEx
−$16.5K −$5.05/SF
NOI
$38.5K $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%
$769,540
Cap Rate 7%
$549,671
Cap Rate 9%
$427,522
Alternative Uses
Best Use
Retail
$549.7K
$481.0K – $641.3K
NOI $38,477 @ 7.0% cap · market cap 4.53%
Second Best
Industrial
$412.3K
$360.7K – $481.0K
NOI $28,858 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$776.7K
$679.6K – $906.1K
NOI $54,367 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03246, NH
16,905
Population
10,426
Households
1.6
Avg Household Size
47
Median Age
25%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
849
Density / Sq Mi
$68,407
Median Household Income
$40,504
Median Earnings
$1,180
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Chevrolet Body Shop — 585 Union Ave, Laconia, NH 03246
- Bayside Service — 628 Union Ave, Laconia, NH 03246
- Cantin Chevrolet Service — 623 Union Ave, Laconia, NH 03246
- VIP Tires & Service — 1033 Union Ave, Laconia, NH 03246
- Bledsoe Auto Repair — 969 Union Ave, Laconia, NH 03246
Frequently Asked Questions
What type of property is this?
Auto shop - Retail auto service and sales building with overhead drive-in doors and capacity for approximately 50 to 60 vehicles.
Where is this auto shop located?
The property is located at 969 Union Avenue Laconia, 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: Built in 2001: 3,264 SF retail auto service and sales building; Overhead drive‑in doors include overhead garage doors sized 12x14; Used car sales and service lot holds approximately 50–60 vehicles
