Ground-Level Medical Office
For Sale
$315,000
29 Mill Street D5, Wolfeboro, NH 03894
Barrier-free access, assigned parking, and a flexible layout support professional office or medical operations.
Property Size1,225 SF
Price / SF$257.14
Days on Market60
Property Features for 29 Mill Street D5
General Information
Standard status
Active
Size
1,225 SF
Total Parking Spaces
2
Additional Details
Floor
Ground Floor
Office Units
1
Building Details
Year Built
1983
Tenancy
Single
Abandoned
No
Listing Agency:
Yankee Pedlar Realtors
Listed By:
Geordy Hutchinson
(603) 569-1000
Source:
Langelange
Added: Aug 22
Changed: Oct 19
Last Checked: Oct 19 at 9:20AM
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 Yankee Pedlar Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit D5 is a ground-level commercial condominium with approximately 1,225± square feet and direct barrier-free entry from the parking area. Built in 1983, the space currently functions as a medical office and includes a flexible layout that can support continued medical use or other permitted commercial applications, including general office, retail, and service business use.
The property is located at 29 Mill Street within Wolfeboro Marketplace, a short walk from downtown Wolfeboro. Shops, restaurants, banks, marinas, and waterfront amenities are nearby, while the property offers views of Lake Winnipesaukee. Two assigned parking spaces are included, with additional on-site parking available for customers and clients. Potential docking opportunities may also be available.
The property is located at 29 Mill Street within Wolfeboro Marketplace, a short walk from downtown Wolfeboro. Shops, restaurants, banks, marinas, and waterfront amenities are nearby, while the property offers views of Lake Winnipesaukee. Two assigned parking spaces are included, with additional on-site parking available for customers and clients. Potential docking opportunities may also be available.
Key Highlights
- Approximately 1,225± square feet of ground‑level commercial condominium space
- Direct barrier‑free access from the parking area
- Currently configured and operating as a medical office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,868
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,360
$337.4K
Cap Rate 7%
$240,971
$241.0K
Cap Rate 9%
$187,422
$187.4K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$26.5K $21.60/SF
− Vacancy
−$4.0K −$3.24/SF
EGI
$22.5K $18.36/SF
− OpEx
−$5.6K −$4.59/SF
NOI
$16.9K $13.77/SF
Area
Carroll County, NH
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,360
Cap Rate 7%
$240,971
Cap Rate 9%
$187,422
Alternative Uses
Best Use
Office B
$241.0K
$210.9K – $281.1K
NOI $16,868 @ 7.0% cap · market cap 5.35%
Second Best
Healthcare Medical
$122.9K
$107.5K – $143.4K
NOI $8,603 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$305.9K
$267.6K – $356.9K
NOI $21,411 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03894, NH
6,382
Population
4,347
Households
1.5
Avg Household Size
58
Median Age
43%
College-Educated
99%
High-School Grad
47.3 sq mi
ZIP Area
135
Density / Sq Mi
$84,660
Median Household Income
$44,841
Median Earnings
$1,093
Median Rent
$435,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Barrier-free access, assigned parking, and a flexible layout support professional office or medical operations.
Where is this medical office space located?
The property is located at 29 Mill Street D5 Wolfeboro, NH.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Approximately 1,225± square feet of ground‑level commercial condominium space; Direct barrier‑free access from the parking area; Currently configured and operating as a medical office
