Retail Property with Car
969 Union Ave, Laconia, NH 03246
For Sale
$850,000
Retail property with car lot and service bays for sale.
Property Size3,266 SF
Lot Size0.84 Acres
Price / SF$260.42
Days on Market245
Property Features for 969 Union Ave
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Residential Brokerage
Listed By:
Reed Heath
(603) 524-2255
Source:
Elliman
Added: Mar 10
Changed: Sep 3
Last Checked: Aug 25 at 4:15AM
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 Residential Brokerage
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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 retail property, currently used as a used car sales and service lot, offers a 3,264 square foot building on just under an acre. The property can accommodate 50 to 60 cars. The building includes two offices, a waiting room, a break room, and four and a half bathrooms. It also features two storage lofts and overhead garage doors measuring 12x14. Two lifts can remain with the property. This location benefits from high traffic volume.
Key Highlights
- High‑traffic retail location ideal for business exposure.
- Large lot with capacity for 50‑60 cars.
- 3264 square foot building suitable for retail or service.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,453
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,060
$769.1K
Cap Rate 7%
$549,329
$549.3K
Cap Rate 9%
$427,256
$427.3K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$58.8K $18.00/SF
− Vacancy
−$3.8K −$1.17/SF
EGI
$54.9K $16.83/SF
− OpEx
−$16.5K −$5.05/SF
NOI
$38.5K $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%
$769,060
Cap Rate 7%
$549,329
Cap Rate 9%
$427,256
Alternative Uses
Best Use
Retail
$549.3K
$480.7K – $640.9K
NOI $38,453 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$412.0K
$360.5K – $480.7K
NOI $28,840 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$776.2K
$679.2K – $905.6K
NOI $54,334 @ 7.0% cap · market cap 6.39%
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
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Under-served
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
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?
Automotive property - Retail property with car lot and service bays for sale.
Where is this automotive property located?
The property is located at 969 Union Ave Laconia, 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: High‑traffic retail location ideal for business exposure.; Large lot with capacity for 50‑60 cars.; 3264 square foot building suitable for retail or service.
