Mixed-Use Buildings on One
18 & 20 Wakefield Street, Rochester, NH 03867
For Sale
$400,000
Mixed-use property with residential and commercial potential in Rochester, NH.
Property Size1,300 SF
Price / SF$307.69
Days on Market205
Property Features for 18 & 20 Wakefield Street
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Stories
Listing Agency:
Your Next Move Realty LLC
(603) 441-4034
Listed By:
Peter Morgan
(603) 231-6137
Source:
Churchillprop
Added: Apr 24
Changed: Nov 9
Last Checked: Nov 12 at 5:43AM
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 Your Next Move Realty LLC
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Investment Insights
Based on property information with market context.
This mixed-use property features two buildings situated on a single lot. The property formerly served as a dentist office and currently includes residential rental units. It is located in an area with a walk score of 82, indicating it is very walkable, and a bike score of 62, indicating it is bikeable. Prospective buyers are advised to perform their own due diligence to verify the accuracy of all information. Showings require 24-48 hours' notice due to tenant access, and pre-approval or proof of funds is required prior to scheduling any showings. Financing may require cash or a 203K loan.
Key Highlights
- Mixed‑use property with two buildings on one lot.
- Includes MLS#5077070.
- Formerly a dentist office with current residential rental units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,077
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,540
$261.5K
Cap Rate 7%
$186,814
$186.8K
Cap Rate 9%
$145,300
$145.3K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$22.6K $17.40/SF
− Vacancy
−$1.7K −$1.31/SF
EGI
$20.9K $16.10/SF
− OpEx
−$7.8K −$6.04/SF
NOI
$13.1K $10.06/SF
Area
Strafford County, NH
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,540
Cap Rate 7%
$186,814
Cap Rate 9%
$145,300
Alternative Uses
Best Use
Mixed Use
$186.8K
$163.5K – $218.0K
NOI $13,077 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.8K
$304.3K – $405.8K
NOI $24,345 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
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Market
Properties on Market for Mixed-use properties in Strafford County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial potential in Rochester, NH.
Where is this mixed-use property located?
The property is located at 18 & 20 Wakefield Street Rochester, NH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Mixed‑use property with two buildings on one lot.; Includes MLS#5077070.; Formerly a dentist office with current residential rental units.
