178 County Rd New London, NH 03257
Property profile & analytics
178 County Rd New London, NH 03257
- Showrooms
- 5,740 SF
- 0.84 lot acres
Property ID
US58-0395429
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.
Location Intelligence
Current Use by Public Records
- Ledyard Financial Advisors / Financial Advisor
- Ledyard National Bank / Bank / Loan Service
Property Details for 178 County Rd
- Year built
- 2000
- Construction
- FRAME
- Lot size
- 0.84 lot acres
- Property size
- 5,740 SF
- Zone code
- COMMER
- Property type
- Showrooms
- APN
- NLDN M:59 L:14 S:0
- APU
- NLDNM59L14S0
Description
This exceptional investment opportunity presents a fee-simple ownership of a 5,600-square-foot, two-story bank building situated on a 0.92-acre lot in New London, New Hampshire. Built in 1965 and renovated in 2015, the property boasts a 100% occupancy rate with a corporate-guaranteed, absolute NNN lease in place. The current tenant, a well-established community bank, has occupied the location for over 23 years and is committed to a new 15-year lease with ten 5-year renewal options. This lease structure includes attractive 10% rent increases every five years, providing a strong hedge against inflation and significant long-term revenue growth. The property generates a substantial net operating income (NOI) of $140,000, resulting in a compelling 6.75% cap rate. The strategic location at the intersection of Newport Road and County Road places the property within a thriving commercial center, benefiting from high visibility and significant daily traffic counts exceeding 9,300 vehicles. Proximity to major amenities, including New London Hospital (0.2 miles), Colby-Sawyer College (1.5 miles), and Interstate 89 (2 miles), further enhances the property's value and appeal. The surrounding area features a robust retail environment, anchored by well-known national and regional brands, and a strong demographic profile with high average household incomes within a 10-mile radius. This is a truly passive investment opportunity with zero landlord responsibilities, offering exceptional stability and potential for significant returns. The asking price is $2,074,074.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- New London
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -72.0002
- Latitude
- 43.4233
- CBSA code
- 18180
- CBSA name
- CONCORD, NH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,404
$639,000
$971,000
$1,610,000
-
$0.00
$0.00
$0.00
