Mixed-Use Property with Office
New
For Sale
$377,000
218 Main Street, Laconia, NH 03246
Multi-Family, Laconia, NH
Property Size1,168 SF
Lot Size0.27 Acres
Price / SF$322.77
Days on Market2
Property Features for 218 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
commercial
Bedrooms
1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Basement
Parking features
Driveway, RV, Off Street
Appliances
Natural Gas Water Heater
Lot features
Major Road Frontage, Neighbor Business
Elementary school
Woodland Heights Elementary
Middle school
Laconia Middle School
High school
Laconia High School
Elementary school district
Laconia Sch Dst SAU #30
Middle school district
Laconia Sch Dst SAU #30
High school district
Laconia Sch Dst SAU #30
Directions
Lake Shore Rd onto Gilford/Laconia bypass Rte 107 exit right on Province Rd bear left onto S. Main property on left.
Standard status
Active
Size
1,168 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2025
Utilities
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty Gilford NH · Coldwell Banker Real Estate
(603) 524-2255
Listed By:
Brenda Rowan
(603) 393-7713
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 10:06AM
MLS# 5107981
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,168-square-foot mixed-use building combines commercial and residential components within a two-level configuration. The first floor contains multiple office spaces, while the second floor includes a one-bedroom apartment. The property sits on a level 0.27-acre lot with 66.47 feet of road frontage along South Main Street in Laconia.
A large paved parking area serves the building, with off-street parking, driveway access, and designated RV parking among the recorded parking features. The structure was built in 1900 and has a wood-frame design with vinyl siding, a shingle roof, public water, and natural-gas hot-water heating. Commercial zoning supports the property’s mixed-use format.
A large paved parking area serves the building, with off-street parking, driveway access, and designated RV parking among the recorded parking features. The structure was built in 1900 and has a wood-frame design with vinyl siding, a shingle roof, public water, and natural-gas hot-water heating. Commercial zoning supports the property’s mixed-use format.
Key Highlights
- 1,168‑square‑foot mixed‑use building with office and residential components
- Multiple office spaces occupy the first floor
- Second‑floor one‑bedroom apartment
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
$15,670
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
4.16%
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%
$313,400
$313.4K
Cap Rate 7%
$223,857
$223.9K
Cap Rate 9%
$174,111
$174.1K
Market Conditions
NOI Build-Up for 1,168 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
$29.4K $25.20/SF
− Vacancy
−$942 −$0.81/SF
EGI
$28.5K $24.39/SF
− OpEx
−$12.8K −$10.98/SF
NOI
$15.7K $13.42/SF
Area
Belknap County, NH
Vacancy
3.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$313,400
Cap Rate 7%
$223,857
Cap Rate 9%
$174,111
Alternative Uses
Best Use
Apartment 5plus
$223.9K
$195.9K – $261.2K
NOI $15,670 @ 7.0% cap · market cap 4.16%
Second Best
Office B
$221.3K
$193.7K – $258.2K
NOI $15,494 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$277.8K
$243.0K – $324.1K
NOI $19,443 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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 Office 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?
Mixed-use property - Commercially zoned building combines first-floor office suites with a second-floor apartment and paved parking.
Where is this mixed-use property located?
The property is located at 218 Main Street Laconia, NH.
What is the asking price?
The asking price for this property is $377,000.
What are key features of this property?
This property features: 1,168‑square‑foot mixed‑use building with office and residential components; Multiple office spaces occupy the first floor; Second‑floor one‑bedroom apartment
