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    Second-Floor Professional Office Suite Title is generated by Realmo AI

    376 Union Ave Unit #14, Laconia, NH 03246

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    For Lease
    $2,136/Mo $16 SF/Yr (calc)

    Turnkey office suite with private offices, conference room, and reception area, featuring FHA heat pump comfort.

    Type:Commercial
    Property size:
    1,602 SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 2:31 am

    Property Features for 376 Union Ave Unit #14

    General Information

    Standard status
    Active
    Size
    1,602 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Judy Hernandez
    Judy Hernandez

    Listing agent Judy Hernandez

    Listing office Bhhs Verani Moultonborough

    Listing date Jun 1, 2026

    Source Elliman

    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 Bhhs Verani Moultonborough

    HighLights

    • Second‑floor professional office suite in Laconia’s Union Square with approximately 1,602 +/- SF
    • Layout includes six private offices, reception/lobby with coat closet, conference room with vaulted ceilings, mini kitchen/break area, and private restroom
    • Conference room features an impressive multi‑pane glass wall with classic pocket doors
    • FHA heat pump system provides comfort
    • Multiple building access points: ramp‑access main front entrance from the right‑side parking lot plus a rear exit with access to additional parking on the left
    • Lease rate $2,136/month plus utilities (approx. $16/SF); tenant pays utilities and proportionate building expenses; available immediately

    Overview

    This second-floor professional office suite offers approximately 1,602 +/- square feet and a character-filled layout designed for day-to-day operations. The suite includes six private offices, a large reception/lobby area with a coat closet, a spacious conference room with vaulted ceilings, and an impressive multi-pane glass wall with classic pocket doors. Additional amenities include a mini kitchen/break area and a private restroom. Space planning supports both separation and flexibility, and comfort is provided by an FHA heat pump system.

    The suite is located in the heart of Laconia’s revitalized Union Square. The building provides multiple access points, including a main front entrance with ramp access from the right-side parking lot and a secondary rear exit with access to additional parking on the left side of the building. A quiet, professional second-floor setting is supported by nearby restaurants, cafés, and services for convenient employee access.

    The configuration is well suited for established businesses, creative firms, professional services, counseling practices, or an administrative headquarters seeking a distinctive workspace with dedicated meeting and guest-facing areas. The suite is available immediately, with tenant improvements negotiable and utilities and proportionate building expenses to be tenant responsibility.
    Location Intelligence

    Current Use by Public Records

    Finn Dental Dental Office Healthy Smiles Complete ... Dental Office Pleeter Wendy Dental Office Becker Kim Dental Office Beguinistin Mepi Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.463241
    Latitude
    43.535838

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    FAQs

    What type of property is this?
    Office units - Turnkey office suite with private offices, conference room, and reception area, featuring FHA heat pump comfort.
    Where is this office units located?
    The property is located at 376 Union Ave Unit #14 Laconia, NH.
    What is the lease rate?
    The lease rate is $2,136 /Mo.
    What are key features of this property?
    This property features: Second‑floor professional office suite in Laconia’s Union Square with approximately 1,602 +/- SF; Layout includes six private offices, reception/lobby with coat closet, conference room with vaulted ceilings, mini kitchen/break area, and private restroom; Conference room features an impressive multi‑pane glass wall with classic pocket doors
    (603) 279-6000
    We can help!
    Listing Contact
    Judy Hernandez
    Judy Hernandez
    Learn More
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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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    376 Union Ave Unit #14, Laconia, NH 03246
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