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    Automotive Service Bays with Lifts Title is generated by Realmo AI

    969 Union Avenue, Laconia, NH 03246

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    COMMERCIAL - Laconia, NH

    Lot size:
    0.84 Acres
    Added:
    Jul 30, 2024
    Days on Market:
    674
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 969 Union Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Comm
    Standard status
    Active
    Lot size
    0.84 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    2001
    Building materials
    Wood Frame, Vinyl Siding

    We can help!

    Listing Contact
    Reed Heath

    Listing agent Reed Heath

    Listing office Coldwell Banker Realty Gilford NH 9 Old Lake Shore Rd., Laconia, NH

    Listing date Jul 30, 2024

    MLS# 5007761

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multiple mechanics bays available (1–3 bays), with flexible leasing options—lease all or just the space you need.
    • Car dealer, mechanic shop, recon shop, and wholesale car dealer use approved; signage available.
    • Leases start at $1,000 for the smaller bay; $2,200 for the largest mechanic bay.
    • 2 bays include lifts and compressors; bays can include or exclude offices and front‑line display options.
    • Each bay provides about 3–5 parking spots, with additional parking possibly available.
    • Built in 2001 with wood‑frame construction and vinyl siding; natural gas forced‑air heating and public water; cable available.

    Overview

    This commercial automotive property is configured for mechanic operations with 1 to 3 mechanics bays, offered with flexible options for offices and/or front-line display. Depending on the space leased, parking is described as roughly 3 to 5 spots per bay, with additional parking possible. Signage availability is noted, supporting businesses that require customer visibility for service or sales activity. Two of the bays are equipped with lifts and compressors, providing functionality for in-bay repair and associated mechanical work. Zoning is listed as Comm.

    The property is located at 969 Union Avenue in Laconia, New Hampshire, positioned on the busiest street in town with high traffic volume. The listing describes the site as suitable for leasing the entire facility or selecting only the space needed.

    The tenanting approvals referenced in the remarks include car dealer, mechanic shop, recon shop, and wholesale car dealer use. For operators looking for an automotive layout with multiple service bays and in-bay equipment at part of the facility, the flexibility to lease one bay or multiple bays is a practical fit. Whether you need a smaller service footprint or space to scale within the bay configuration, this property is presented as a purpose-built option for automotive-related businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Autofinders, LLC Car Dealership Lakes Wholesale Car Dealership The Digital Advertiser LLC Marketing & Advertising Bledsoe Auto Repair Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Irwin Lincoln Service — 59 Bisson Ave, Laconia, NH 03246
    • Chassis Masters Auto Body — 11 Wilson Ct, Laconia, NH 03246
    • Quick Lane Tire & Auto Center — 59 Bisson Ave, Laconia, NH 03246
    • Laconia Quicklane — 51 Bisson Ave, Laconia, NH 03246
    • Prodigy Autobody & Repairs — 91 Bisson Ave, Laconia, NH 03246

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.4596329
    Latitude
    43.5516642

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    FAQs

    What type of property is this?
    Auto shop - Up to three mechanic bays with on-site parking and signage options on a high-traffic Laconia corridor.
    Where is this auto shop located?
    The property is located at 969 Union Avenue Laconia, NH.
    What are key features of this property?
    This property features: Multiple mechanics bays available (1–3 bays), with flexible leasing options—lease all or just the space you need.; Car dealer, mechanic shop, recon shop, and wholesale car dealer use approved; signage available.; Leases start at $1,000 for the smaller bay; $2,200 for the largest mechanic bay.
    (603) 524-2255
    We can help!
    Listing Contact
    Reed Heath
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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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