Warehouse with Drive-In
For Sale
Contact for pricing
24 Lexington Drive, Laconia, NH 03246
A climate-controlled warehouse offers a large overhead door for drive-in access.
Property Size25,600 SF
Price / SF$0.00
Days on Market98
Property Features for 24 Lexington Drive
General Information
Standard status
Active
Size
25,600 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
1
Building Details
Year Built
1980
Listing Agency:
RE/MAX Innovative Bayside
(603) 279-0079
Listed By:
Steve Weeks · License #Steve Weeks
(603) 785-5811
Source:
Longviewcre
Added: Jul 27
Changed: Oct 28
Last Checked: Nov 1 at 2:52AM
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 RE/MAX Innovative Bayside
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Investment Insights
Based on property information with market context.
Built in 1980, this 5,148-square-foot warehouse is heated and air conditioned, with a large overhead drive-in door and more than 20 feet of clear height. An adjacent unit can be combined with the space, bringing the total to 10,040 square feet.
Key Highlights
- 5,148 sq. ft. warehouse
- More than 20 feet of clear height
- Large overhead drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,269
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,245,380
$5.2M
Cap Rate 7%
$3,746,700
$3.7M
Cap Rate 9%
$2,914,100
$2.9M
Market Conditions
NOI Build-Up for 25,600 SF
Gross rent
$331.8K $12.96/SF
− Vacancy
−$23.2K −$0.91/SF
EGI
$308.6K $12.05/SF
− OpEx
−$46.3K −$1.81/SF
NOI
$262.3K $10.24/SF
Area
Belknap County, NH
Vacancy
7.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,245,380
Cap Rate 7%
$3,746,700
Cap Rate 9%
$2,914,100
Alternative Uses
Best Use
Warehouse
$3.75M
$3.28M – $4.37M
NOI $262,269 @ 7.0% cap · market cap 1,873,350.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.09M
$5.33M – $7.10M
NOI $426,148 @ 7.0% cap · market cap 3,043,914.29%
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
Drive-in doors
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - A climate-controlled warehouse offers a large overhead door for drive-in access.
Where is this warehouse located?
The property is located at 24 Lexington Drive Laconia, NH.
What are key features of this property?
This property features: 5,148 sq. ft. warehouse; More than 20 feet of clear height; Large overhead drive‑in door
