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    Industrial Warehouse with Drive-In Door Title is generated by Realmo AI

    24 Lexington Drive, Laconia, NH 03246

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    COMMERCIAL - Laconia, NH

    Property size:
    4,800 SF
    Added:
    Dec 15, 2025
    Days on Market:
    170
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 24 Lexington Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C
    Standard status
    Active

    Utilities

    Utilities
    Cable Available
    Heating system
    Natural Gas
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    1981
    Building materials
    Aluminum, Steel Frame, Block Exterior
    Roof type
    Membrane

    We can help!

    Listing Contact
    Steve Weeks
    Steve Weeks

    Listing agent Steve Weeks

    Listing office RE/MAX Innovative Bayside 604 Main St., Londonderry, NH

    Listing date Dec 15, 2025

    MLS# 5072034

    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.

    HighLights

    • 4,800 SF unit with 1 loading dock and 1 drive‑in (14') door
    • High bay space with 20' ceilings
    • 3‑phase power with drops in place for machine tool equipment
    • Built in 1981 with aluminum and block exterior and steel frame
    • Heating: natural gas; cooling: ductless
    • Membrane roof; public water; cable available

    Overview

    This for-lease industrial warehouse suite provides 4,800 square feet with high-bay ceilings measuring approximately 20 feet. The unit includes one loading dock and one drive-in (14') door, supporting convenient loading and direct vehicle access. Three-phase power is in place, with drops provided for machine tool equipment, making the space practical for light industrial and production-oriented tenants.

    The property is located at 24 Lexington Drive in Laconia, New Hampshire, within zoning identified as C. The building configuration also allows this unit to be combined with unit 3, which is described as 6,400 square feet, for users that require a larger contiguous footprint.

    For tenants seeking functional loading access and equipment-ready power, this suite’s combination of a loading dock, a sizable drive-in door, and high-bay clearance supports a range of warehouse and light manufacturing uses. Operators who need flexibility on scale may find the ability to combine with unit 3 useful when planning for expanded storage or production capacity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Daddy's Signs (Bike/Boat/Book/etc) Store GSP Laconia - Machining ... Industrial Manufacturer Juggernaut Fitness Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.4855983
    Latitude
    43.5446606

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    FAQs

    What type of property is this?
    Warehouse - Warehouse suite offers high-bay space, a 14' drive-in door, and a loading dock with 3-phase power for equipment-ready operations.
    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: 4,800 SF unit with 1 loading dock and 1 drive‑in (14') door; High bay space with 20' ceilings; 3‑phase power with drops in place for machine tool equipment
    (603) 434-4101
    We can help!
    Listing Contact
    Steve Weeks
    Steve Weeks
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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.

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