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    143 Court St Laconia, NH 03246
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    Property profile & analytics

    143 Court St, Laconia, NH 03246

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    • Commercial real estate
    • 9,689 SF
    • 0.76 lot acres
    Off-Market
    Property ID
    US58-0118683
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Veterans of Foreign Wars / Charitable Organization / Social Service Agency

    Property Details for 143 Court St

    Year built
    1920
    Lot size
    0.76 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 9,689 square foot retail property, located at 143 Court Street in Laconia, New Hampshire, presents a unique investment opportunity. Built in 1920, this two-story Victorian building sits on a 0.76-acre lot and is zoned UC, offering considerable versatility. Currently configured as a VFW post, the property boasts a large bar area, one of the largest function rooms in the area complete with a stage, and a fully equipped commercial kitchen. The upper level provides ample space, ideal for offices or a variety of other uses. The substantial on-site parking lot accommodates up to 55 vehicles, a significant advantage in a downtown setting. The property's prime location in the heart of Laconia ensures high visibility and accessibility. This landmark building offers a rare chance to acquire a substantial property with significant potential for diverse commercial applications. The asking price is $1,250,000. The property's address is 143 Court Street, Laconia, NH 03246, and is situated in Belknap County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.4723971
    Latitude
    43.5233543

    Comparable in this City

    • $1,200,000
      0.34 Acres

      Downtown Commercial Opportunity in Laconia

      High-visibility commercial property with strong foot traffic in downtown Laconia.
      601 Main St, Laconia, NH 03246
      View Details
    • $599,000
      0.47 Acres

      Laconia Commercial Building For Sale

      Commercial building with residential mobile home and income potential.
      399-401 South Main St, Laconia, NH 03246
      View Details
    • $4,000,000

      Lakeport Plaza Multifamily & Commercial Complex

      28-unit multifamily and commercial complex in rapidly improving Lakeport area.
      686-716 Union Ave, Laconia, NH 03246
      View Details
    • $725,000
      0.52 Acres

      Laconia Commercial Building with Bays

      7,756 sq. ft. building with 7 drive-in doors.
      11 Wilson Ct, Laconia, NH 03246
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.34 Acres

      Downtown Commercial Opportunity in Laconia

      High-visibility commercial property with strong foot traffic in downtown Laconia.
      601 Main St, Laconia, NH 03246
      View Details
    • $599,000
      0.47 Acres

      Laconia Commercial Building For Sale

      Commercial building with residential mobile home and income potential.
      399-401 South Main St, Laconia, NH 03246
      View Details
    • $4,000,000

      Lakeport Plaza Multifamily & Commercial Complex

      28-unit multifamily and commercial complex in rapidly improving Lakeport area.
      686-716 Union Ave, Laconia, NH 03246
      View Details
    • $725,000
      0.52 Acres

      Laconia Commercial Building with Bays

      7,756 sq. ft. building with 7 drive-in doors.
      11 Wilson Ct, Laconia, NH 03246
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Laconia Auto Shop/Retail Space

      High-traffic location with flexible mechanic bays and retail options.
      969 Union Ave, Laconia, NH 03246
      View Details
    • Contact for pricing
      900 SF

      Gilford Retail and Office Space

      Multiple spaces for lease in Gilford, ranging from 250-3,500 SF.
      131 Lake St, Laconia, NH 03246
      View Details
    • Contact for pricing
      3,264 SF

      Laconia Commercial Space For Lease

      Commercial space for lease in high-traffic Laconia location.
      969 Union Ave, Laconia, NH 03246
      View Details
    • Contact for pricing
      1,680 SF

      Move-in Ready Retail/Office Space

      Pristine 1,680 SF retail or office space for lease.
      32 Artisan Ct, Laconia, NH 03246
      View Details

    Property Visit Statistics

    • Visits by month
      13.1k
    • Visitors by month
      6.0k
    • Avg Time on site
      6 min
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    Laconia, NH 03246
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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.

    More about this property
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