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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    85 Spg St Ste 2a Laconia, NH 03246-3113

    • Office Properties & Spaces
    • 4,025 SF
    OFF-MARKET
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0158805
    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.

    Current Use by Public Records

    • Concord Hospital Otolaryngology - Laconia / Physician
    • Dr. Stephen R. Boone / Dental Office
    • Polins Jeffrey M DDS / Dental Office
    • Jeffery R. Lootens, MD: Cardiac Associates - Laconia / Physician
    • Klinker Mark R MD / Physician / Medical Clinic

    Property Details for 85 Spg St Ste 2a

    Year built
    1985
    Construction
    STEEL FRAME
    Property size
    4,025 SF
    Zone code
    P
    Property type
    Office Properties & Spaces
    APN
    LACO M:431 B:204 L:57 U:8
    APU
    LACOM431B204L57U8

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $950,000
      6.5%
      $875,000
      7%
      $815,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $706,000
      Market price range: $422k - $914k
      AI Estimate
      $1,055,000
      Market price range: $415k - $1.24M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $545,000
      Current use
      COMMERCIAL (GENERAL)
      $645,000
      Change: +18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.463
    Latitude
    43.5283
    CBSA code
    29060
    CBSA name
    LACONIA, 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
    $7,144
    $0.00
    $513,600
    $513,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      855 SF

      376 Un Ave Ste, Unit 10

      CONDOMINIUM OFFICES • 855 SF
      376 Un Ave Ste, Laconia, NH 03246-2862
      View Details
    • Value Estimation by Request
      1,578 SF

      376 Un Ave Ste, Unit 12

      CONDOMINIUM OFFICES • 1,578 SF
      376 Un Ave Ste, Laconia, NH 03246-2862
      View Details
    • Value Estimation by Request
      1,644 SF

      376 Un Ave Ste, Unit 14

      CONDOMINIUM OFFICES • 1,644 SF
      376 Un Ave Ste, Laconia, NH 03246-2862
      View Details
    • Value Estimation by Request
      708 SF

      85 Spg St1h

      CONDOMINIUM OFFICES • 708 SF
      85 Spg St1h, Laconia, NH 03246-3113
      View Details
    • Value Estimation by Request
      1,641 SF

      394 Un Ave, Unit 33

      CONDOMINIUM OFFICES • 1,641 SF
      394 Un Ave, Laconia, NH 03246-2876
      View Details
    • Value Estimation by Request
      1,073 SF

      366 Un Ave, Unit 4

      CONDOMINIUM OFFICES • 1,073 SF
      366 Un Ave, Laconia, NH 03246-2812
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.02 Acres

      Prime Laconia Office Suites

      Laconia Office Space: High Visibility, 4 Offices
      831 4, Laconia, NH 03246
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    • $1,449,000
      1.40 Acres

      Laconia Commercial Property on Union

      Highly visible commercial property with showroom, warehouse, and office space.
      935 Union Ave, Laconia, NH 03246
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    • $1,500,000
      13,957 SF

      Downtown Laconia Retail Opportunity

      High-traffic retail space, prime location.
      601 Main St, Laconia, NH 03246
      View Details
    • $15,000,000
      11.20 Acres

      RV Condo Resort Investment Opportunity

      Exclusive 100-unit seasonal RV condo resort on 11.2 acres.
      Endicott St North, Laconia, NH 03246
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    • $200,000
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      RV Resort Condo Opportunity

      Seasonal RV condo resort near Lake Winnipesaukee.
      Endicott St North, Laconia, NH 03246
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    • $5,500,000
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      Waterfront Investment Opportunity in Laconia

      High-yield, mixed-use waterfront property with national tenant and redevelopment potential.
      1266 Union Ave, Laconia, NH 03246
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    Similar Nearby for Lease

    • $16 SF/Yr
      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
    • $2,575 /Mo

      Downtown Laconia Office Space

      2060 sq ft office space in downtown Laconia.
      635 Main St, Laconia, NH 03246
      View Details
    • $15 SF/Yr
      1,900 SF

      Downtown Laconia Versatile Office/Flex Space

      Versatile space in downtown Laconia with high visibility.
      555 Main St, Laconia, NH 03246
      View Details
    • Contact for pricing
      42,253 SF

      Laconia Retail/Office Space Available

      Unique retail or office space in a visible location.
      11 Veterans Sq, Laconia, NH 03246
      View Details
    • Contact for pricing

      Restored Mill Office Space

      Class A office space in historic Laconia mill building.
      67 Water St, Laconia, NH 03246
      View Details
    • $15 SF/Yr
      4,100 SF

      Downtown Laconia Restaurant Opportunity

      Restaurant space in downtown Laconia with high visibility.
      30 Beacon St E, Laconia, NH 03246
      View Details
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    85 Spg St Ste 2a
    Laconia, NH 03246-3113
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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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