Mixed-Use Property with Office
For Sale
$368,000
218 Main St, Laconia, NH 03246
Two-level building combines first-floor offices with a second-floor apartment.
Property Size1,168 SF
Lot Size0.27 Acres
Price / SF$315.07
Days on Market51
Property Features for 218 Main St
General Information
Standard status
Active
Size
1,168 SF
Lot size
0.27 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Road Access
Yes
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Realty Gilford NH
Listed By:
Brenda Rowan
(603) 393-7713
Source:
Lyvrealty
Added: Sep 4
Changed: Oct 6
Last Checked: Oct 7 at 4:03PM
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 Coldwell Banker Realty Gilford NH
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Investment Insights
Based on property information with market context.
This commercially zoned mixed-use property includes substantial office accommodations on the ground level and a one-bedroom apartment above. The arrangement creates separate business and residential components within a single building constructed in 1900.
The property occupies a level 0.27-acre parcel at 218 S Main St in Laconia, New Hampshire, with 66.47 feet of frontage along South Main Street. A large paved parking area provides space for vehicles and may accommodate RV, trailer, boat, or vehicle storage.
The property occupies a level 0.27-acre parcel at 218 S Main St in Laconia, New Hampshire, with 66.47 feet of frontage along South Main Street. A large paved parking area provides space for vehicles and may accommodate RV, trailer, boat, or vehicle storage.
Key Highlights
- First‑floor office space with a one‑bedroom apartment on the second floor
- Commercially zoned mixed‑use property
- 3427‑square‑foot building constructed in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,494
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,880
$309.9K
Cap Rate 7%
$221,343
$221.3K
Cap Rate 9%
$172,156
$172.2K
Market Conditions
NOI Build-Up for 1,168 SF
Gross rent
$23.8K $20.40/SF
− Vacancy
−$3.2K −$2.71/SF
EGI
$20.7K $17.69/SF
− OpEx
−$5.2K −$4.42/SF
NOI
$15.5K $13.27/SF
Area
Belknap County, NH
Vacancy
13.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,880
Cap Rate 7%
$221,343
Cap Rate 9%
$172,156
Alternative Uses
Best Use
Office B
$221.3K
$193.7K – $258.2K
NOI $15,494 @ 7.0% cap · market cap 4.21%
Second Best
Mixed Use
$153.7K
$134.5K – $179.4K
NOI $10,762 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$277.8K
$243.0K – $324.1K
NOI $19,443 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level building combines first-floor offices with a second-floor apartment.
Where is this mixed-use property located?
The property is located at 218 Main St Laconia, NH.
What is the asking price?
The asking price for this property is $368,000.
What are key features of this property?
This property features: First‑floor office space with a one‑bedroom apartment on the second floor; Commercially zoned mixed‑use property; 3427‑square‑foot building constructed in 1900
