Building Details

Year Built 1960

Listing Agency: Coldwell Banker Realty Gilford NH Show Phone

Listed By: Reed Heath Show Phone

Source: Churchillprop

Added: Feb 19, 2025 Changed: Oct 10 Last Checked: Oct 19 at 5:13AM

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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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Investment Insights

Based on property information with market context.

This mechanic shop and car dealership features 8 bays, an office, and 2 bathrooms. The property is situated in a prime location with high traffic volume, surrounded by businesses such as Tractor Supply, Hannaford Grocery Store, McDonald’s, Dunkin’s, and a lumberyard. The level lot includes approximately 2 acres of parking. Zoned for commercial use, the property offers many potential uses. It is currently partially rented.

Key Highlights

• Prime location with high traffic volume near major retailers.
• Eight‑bay mechanic shop/car dealership setup.
• Commercial zoning allows for diverse business opportunities.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,061

Cap Rate

6.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,021,220 $1.0M

Cap Rate 7%

$729,443 $729.4K

Cap Rate 9%

$567,344 $567.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,055 SF

Gross rent

$78.9K $15.60/SF

− Vacancy

−$5.9K −$1.17/SF

EGI

$72.9K $14.43/SF

− OpEx

−$21.9K −$4.33/SF

NOI

$51.1K $10.10/SF

Area

Carroll County, NH

Vacancy

7.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,021,220

Cap Rate 7%

$729,443

Cap Rate 9%

$567,344

Alternative Uses

Best Use

Retail

$729.4K

$638.3K – $851.0K (±1% cap)

NOI $51,061 @ 7.0% cap · market cap 6.01%

Second Best

Industrial

$589.9K

$516.1K – $688.2K (±1% cap)

NOI $41,290 @ 7.0% cap · market cap 4.86%

Theoretical Best

Office A

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,355 @ 7.0% cap · market cap 10.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mike's Automotive Auto Repair Shop Rent A Tech LLC Auto Repair Shop U-Haul Neighborhood Dealer Car Rental Facility Mad motors automotive Auto Repair Shop

Suggested Use

Top Pick Electrical Service Law Firm Real Estate Agency Garden Center HVAC Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

129

Businesses Nearby

52k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 44% Shops & Services 41% Home Improvements & Furnishings 14%

Dollar Tree Shops & Services

15,677 visits/mo 0.3 miles

Dunkin' Donuts Dining

13,095 visits/mo 0.1 miles

Aroma Joe's Dining

7,847 visits/mo 0.3 miles

Tractor Supply Co. Home Improvements & Furnishings

5,371 visits/mo 0.3 miles

Dollar General Shops & Services

4,726 visits/mo 0.4 miles

Demographics for 03226, NH

1,145

Population

757

Households

1.5

Avg Household Size

56

Median Age

42%

College-Educated

95%

High-School Grad

13.7 sq mi

ZIP Area

84

Density / Sq Mi

$119,375

Median Household Income

$50,074

Median Earnings

$388,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Winners Circle Auto Sales — 472 w main st, tilton, nh 03276
• Marcotte's Automotive & Fleet — 600 W Main St, Tilton, NH 03276
• Rent A Tech LLC — 549 W Main St, Tilton, NH 03276
• Mad motors automotive — 549 W Main St, Tilton, NH 03276
• Mike's Automotive — 549 W Main St, Tilton, NH 03276

Frequently Asked Questions

What type of property is this?

Auto shop - Mechanic shop/car dealership with 8 bays in prime location.

Where is this auto shop located?

The property is located at 549 West Main Street Tilton, NH.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Prime location with high traffic volume near major retailers.; Eight‑bay mechanic shop/car dealership setup.; Commercial zoning allows for diverse business opportunities.