Mixed-Use Property with
240 Meriden Road, Lebanon, NH 03766
For Sale
$1,600,000
Three buildings accommodate office, showroom, repair, receiving, and storage functions.
Property Size7,590 SF
Lot Size7.00 Acres
Price / SF$210.80
Days on Market390
Property Features for 240 Meriden Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Road Access
Mixed-Use Components
Additional Details
Automotive Uses
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
Offices
display and retail showroom
receiving and storage
drive through
paved parking area
Yes
High Speed Intrnt Avail
Office
Industrial
Storage
2
1
Class B
Walkout
Concrete Floor,Daylight,Finished,Exterior Access
3
Dry
Block
8
In Town,Near Public Transport,Alternative Lots Avail,Corner,Level,Major Road Frontage,Neighbor Business,Open
Public,Public Water On-Site
6.9
Unnamed
River
6
Driveway,On-Site,Parking Spaces 11 - 20,Paved
Fire System,Security System,Smoke/Heat Detectors
300564
1134
Building Details
Year Built
Buildings
Stories
Listing Agency:
Equity Group Real Estate Broker Inc.
Listed By:
James Ward · License NH #4786
(603) 448-8000
Source:
Alexassociatesrealtygroup
Added: Oct 21, 2025
Changed: Nov 11
Last Checked: Nov 12 at 10:12PM
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 Equity Group Real Estate Broker Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-building mixed-use property combines office and product-display space with service, repair, receiving, and storage areas. The main building has two levels, including 3,700 square feet of office and display area and a 3,700-square-foot lower level with walkout access. A two-story, post-and-beam barn has a drive-through layout, and a separate building provides 2,160 square feet for repair or storage. Paved on-site parking serves the property.
The corner parcel fronts 734 feet on Route 120 and 300 feet on Storrs Hill Road. The site is described as 7 acres and sits about 2 miles south of the town center. A natural area borders Great Brook behind the property. The buildings are in Lebanon, New Hampshire, and the commercial uses operate under grandfather rights.
The corner parcel fronts 734 feet on Route 120 and 300 feet on Storrs Hill Road. The site is described as 7 acres and sits about 2 miles south of the town center. A natural area borders Great Brook behind the property. The buildings are in Lebanon, New Hampshire, and the commercial uses operate under grandfather rights.
Key Highlights
- Three buildings with office, showroom, service, receiving, and storage areas
- Main building has two levels, with 3,700 square feet on each level
- Two‑story post‑and‑beam barn with drive‑through access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,906
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,618,120
$1.6M
Cap Rate 7%
$1,155,800
$1.2M
Cap Rate 9%
$898,956
$899.0K
Market Conditions
NOI Build-Up for 7,590 SF
Gross rent
$123.0K $16.20/SF
− Vacancy
−$7.4K −$0.97/SF
EGI
$115.6K $15.23/SF
− OpEx
−$34.7K −$4.57/SF
NOI
$80.9K $10.66/SF
Area
Grafton County, NH
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,618,120
Cap Rate 7%
$1,155,800
Cap Rate 9%
$898,956
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $80,906 @ 7.0% cap · market cap 5.06%
Second Best
Mixed Use
$1.12M
$982.0K – $1.31M
NOI $78,557 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,870 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 03766, NH
9,838
Population
5,346
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
95%
High-School Grad
32.0 sq mi
ZIP Area
307
Density / Sq Mi
$96,642
Median Household Income
$53,441
Median Earnings
$1,860
Median Rent
$348,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings accommodate office, showroom, repair, receiving, and storage functions.
Where is this mixed-use property located?
The property is located at 240 Meriden Road Lebanon, NH.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three buildings with office, showroom, service, receiving, and storage areas; Main building has two levels, with 3,700 square feet on each level; Two‑story post‑and‑beam barn with drive‑through access
