Downtown Laconia Commercial
For Sale
Contact for pricing
21 Veterans Square, Laconia, NH 03246
Commercial property in downtown Laconia, ideal for restaurant or retail.
Property Size1,056 SF
Price / SF$284.09
Days on Market200
Property Features for 21 Veterans Square
General Information
Standard status
Active
Size
1,056 SF
Property subtype
Retail
Zoning
BC
Building Details
Year Built
1890
Stories
1
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
Listed By:
Kathryn Johnson · License #076359
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Jul 23 at 11:30AM
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 Keller Williams Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
Located in the heart of downtown Laconia, the commercial property at 21 Veterans Square presents an opportunity for acquisition. Currently, the property houses an established restaurant. The location benefits from high visibility due to steady foot traffic, a strong local presence, and proximity to the Colonial Theater, Lake Winnipesaukee, and Gunstock, as well as other locations in the Lakes Region. The property operates as a fully operational restaurant with street-level access, making it suitable for continued food and beverage use or repositioning for an alternative commercial concept. The site is surrounded by retail and offices and is near multiple residential communities. This property offers exposure, accessibility, and long-term potential in one of Laconia’s active downtown areas. The property size is 1,056 square feet.
Key Highlights
- Prime downtown Laconia location with high visibility and steady foot traffic.
- Currently operating as a fully operational restaurant with street‑level access.
- Close proximity to the Colonial Theater, Lake Winnipesaukee, and Gunstock.
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
$15,944
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
5.31%
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%
$318,880
$318.9K
Cap Rate 7%
$227,771
$227.8K
Cap Rate 9%
$177,156
$177.2K
Market Conditions
NOI Build-Up for 1,056 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
$22.8K $21.60/SF
− Vacancy
−$1.6K −$1.47/SF
EGI
$21.3K $20.13/SF
− OpEx
−$5.3K −$5.03/SF
NOI
$15.9K $15.10/SF
Area
Belknap County, NH
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$318,880
Cap Rate 7%
$227,771
Cap Rate 9%
$177,156
Alternative Uses
Best Use
Specialty Retail
$227.8K
$199.3K – $265.7K
NOI $15,944 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.1K
$219.7K – $293.0K
NOI $17,579 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 30%
Hotels & Casinos 5%
Home Improvements & Furnishings 2%
Dollar Tree
Shops & Services
10,921 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,169 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
5,985 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
2,693 visits/mo
0.5 miles
Best Western Plus Landmark Inn
Hotels & Casinos
1,480 visits/mo
0.3 miles
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial property in downtown Laconia, ideal for restaurant or retail.
Where is this conventional restaurant located?
The property is located at 21 Veterans Square Laconia, NH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime downtown Laconia location with **high visibility and steady foot traffic.**; Currently operating as a **fully operational restaurant with street‑level access.**; Close proximity to the Colonial Theater, Lake Winnipesaukee, and Gunstock.
