Commercial Building with Residential
For Sale
$599,000
399-401 South Main Street, Laconia, NH 03246
Commercial building with warehouse and residential income potential.
Property Size2,460 SF
Price / SF$243.50
Days on Market601
Property Features for 399-401 South Main Street
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Commercial
Zoning
Com
Taxes and HOA fees
Annual Taxes
$3,816
Building Details
Year Built
1974
Listing Agency:
Coldwell Banker Realty Gilford NH
(978) 840-4014
Listed By:
Reed Heath
(603) 608-6169
Source:
Churchillprop
Added: Feb 26, 2025
Changed: Oct 10
Last Checked: Oct 19 at 4:04AM
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 Coldwell Banker Realty Gilford NH
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property includes a building and lot, along with a residential mobile home that generates income. The existing building is currently utilized as a warehouse. The property offers various potential uses, including retail, auto dealership, mechanic shop, body shop, or trades such as plumbing, electrical, and carpentry.
Key Highlights
- Commercial building with warehouse space.
- Includes a residential mobile home for additional income.
- Versatile property suitable for various businesses (retail, auto, mechanic, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,981
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,620
$579.6K
Cap Rate 7%
$414,014
$414.0K
Cap Rate 9%
$322,011
$322.0K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$44.3K $18.00/SF
− Vacancy
−$2.9K −$1.17/SF
EGI
$41.4K $16.83/SF
− OpEx
−$12.4K −$5.05/SF
NOI
$29.0K $11.78/SF
Area
Belknap County, NH
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,620
Cap Rate 7%
$414,014
Cap Rate 9%
$322,011
Alternative Uses
Best Use
Retail
$414.0K
$362.3K – $483.0K
NOI $28,981 @ 7.0% cap · market cap 4.84%
Second Best
Warehouse
$360.0K
$315.0K – $420.0K
NOI $25,202 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$585.0K
$511.9K – $682.5K
NOI $40,950 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
Balanced
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- All In One Heated Self Storage — 48 Winnisquam Ave, Laconia, NH 03246
- landmark self storage — 77 Court St, Laconia, NH 03246
- Landmark Self Storage — 206 Fair St, Laconia, NH 03246
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial building with warehouse and residential income potential.
Where is this warehouse located?
The property is located at 399-401 South Main Street Laconia, NH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Commercial building with warehouse space.; Includes a residential mobile home for additional income.; Versatile property suitable for various businesses (retail, auto, mechanic, etc.).
