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    194 Garfield Street Unit c Laconia, NH 03246

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    Picture of Industrial properties at 194 Garfield Street Unit c, Laconia, NH
    For Lease
    $3,000 /Mo

    Large 4 Bay Garage With Outdoor Storage

    Property size:
    700 SF - 3,000 SF
    Added:
    Dec 11, 2025
    Days on Market:
    111
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 194 Garfield Street Unit c

    General Information

    Standard status
    Active
    Property type
    Industrial properties, Flex space
    Size
    700 SF - 3,000 SF
    Class
    C
    Total Parking Spaces
    4
    Elevators
    N/A
    Lease Type
    NNN Lease
    Lease Term
    5+ Years
    Rate Type
    Monthly

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Tyler Hackett
    Tyler Hackett

    Listing agent Tyler

    Listing office

    Listing date Dec 11, 2025

    Overview

    Spacious Garage with Outdoor Storage

    This property features a large, four-bay garage complemented by extensive outdoor storage space. The property is located in Laconia, New Hampshire, and offers approximately 3,000 square feet of space. It is suitable for contractors, landscapers, builders, marine services, equipment storage, or any business requiring both indoor and outdoor operational areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.4211
    Latitude
    43.5418

    Nearby Similar for Lease

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      Restored Mill Office Space

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      67 Water Street, Laconia, NH 03246-0000
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      Laconia Commercial Space For Lease

      4,800 sq ft commercial space with loading dock.
      24 Lexington Drive, Laconia, NH 03246
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      Flex Space in Laconia, NH

      Flex/industrial space for lease with drive-in door and mezzanine.
      14 Lexington Drive, Laconia, NH 03246
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      Move-in Ready Retail/Office Space

      Pristine 1,680 SF retail or office space for lease.
      32 Artisan Court, Laconia, NH
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      Laconia Commercial Space For Lease

      Commercial space for lease in high-traffic Laconia location.
      969 Union Avenue, Laconia, NH 03246
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      Industrial Sublease in Laconia

      Industrial space for sublease in a thriving Laconia market.
      28 Lexington Dr, Laconia, NH
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      Laconia Office Space For Rent

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

      Gilford Retail and Office Space

      Multiple spaces for lease in Gilford, ranging from 250-3,500 SF.
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    FAQs

    What type of property is this?
    Industrial property - Large 4 Bay Garage With Outdoor Storage
    Where is this industrial property located?
    The property is located at 194 Garfield Street Unit c Laconia, NH.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    (603) 630-2990
    We can help!
    Listing Contact
    Tyler Hackett
    Tyler Hackett
    Learn More
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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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