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    Mixed-Use Two-Building Property Title is generated by Realmo AI

    18 Wakefield Street, Rochester, NH 03867

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    For Sale
    $450,000

    MULTI_FAMILY - Rochester, NH

    Property size:
    3,611 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $124/SF
    Added:
    Feb 26, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 18 Wakefield Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    DTC
    Rooms
    Basement
    Standard status
    Active
    Size
    3,611 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7289

    Utilities

    Heating system
    Oil, Steam
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    3
    Building materials
    Wood Frame, Brick Exterior
    Roof type
    Shingle

    We can help!

    Listing Contact
    Peter Morgan

    Listing agent Peter Morgan

    Listing office Your Next Move Realty LLC 60 Rochester Hill Rd., Rochester, NH

    Listing date Feb 26, 2026

    MLS# 5077609 Listing URL

    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

    • Mixed‑use property with 2 buildings on 1 lot, including a former dentist office plus current residential rental units
    • Built in 1900 with wood frame construction and brick exterior
    • Oil heating with steam system
    • Public water source and shingle roof
    • Includes basement
    • Showing requires 24–48 hr. notice due to tenant access; current preapproval/proof of funds required before showings

    Overview

    This mixed-use property includes two buildings on a single lot. The listing indicates the property was formally set up as a dentist office and now contains residential rental units. The site is described in terms of its current record-card information, and the seller notes that all parties should perform their own due diligence for accuracy.

    The property is located at 18 Wakefield Street in Rochester, New Hampshire, in Strafford County. Zoning is listed as DTC. The lot size is reported as 0.07 acres, and the property size is shown as 3,611 square feet. The listing also references MLS#5077070 as part of the offering materials.

    For buyers and operators, this configuration may appeal to those looking for a small mixed-use setup that incorporates residential rental units within a property that previously functioned as an office. Because showings require tenant access coordination, prospective parties should plan for 24–48 hours’ notice to schedule. The listing further states that a current preapproval or proof of funds is required prior to any showings, and it notes that the transaction will most likely require cash or 203K financing. All prospective purchasers should verify details through their own due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Evvard Martin DDS Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.976302
    Latitude
    43.30501

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    FAQs

    What type of property is this?
    Residential income property - Two-building mixed-use asset with residential rental units and a former dentist office configuration on one lot.
    Where is this residential income property located?
    The property is located at 18 Wakefield Street Rochester, NH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Mixed‑use property with 2 buildings on 1 lot, including a former dentist office plus current residential rental units; Built in 1900 with wood frame construction and brick exterior; Oil heating with steam system
    (603) 365-5196
    We can help!
    Listing Contact
    Peter Morgan
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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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