Ground-Level Medical Office
29 Mill Street, Wolfeboro, NH 03894
For Sale
New
$299,000
Commercial Sale, Wolfeboro, NH
Property Size944 SF
Price / SF$316.74
Days on Market2
Property Features for 29 Mill Street
General Information
Property type
Property subtype
Zoning
Zoning description
Accessibility
Lot features
Standard status
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Cooling system
Water source
Water front
Building Details
Year built
Building materials
Roof type
Listing Agency:
Wolfeboro Bay Real Estate, LLC
Listed By:
Sarah Blair · License NH #066200
(603) 569-0101
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 10 at 11:06PM
MLS# 5117445
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.
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Investment Insights
Based on property information with market context.
This 944-square-foot medical office unit at The Wolfeboro Marketplace is arranged with a waiting area, a receptionist’s office, and four additional rooms. A handicap-accessible bathroom serves the suite. The ground-level space can be reached from the parking area without stairs, and central air conditioning is installed. The building dates to 1983.
The property is at 29 Mill Street in downtown Wolfeboro. Views of Back Bay on Lake Winnipesaukee are visible from the parking area. Two parking spaces are assigned to the unit, with additional customer and patient parking on site. Zoning is COM/IND.
The property is at 29 Mill Street in downtown Wolfeboro. Views of Back Bay on Lake Winnipesaukee are visible from the parking area. Two parking spaces are assigned to the unit, with additional customer and patient parking on site. Zoning is COM/IND.
Key Highlights
- 944‑square‑foot unit with a waiting area, receptionist’s office, and four separate rooms
- Ground‑level access from the parking area without stairs
- Handicap‑accessible bathroom and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,999
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,980
$260.0K
Cap Rate 7%
$185,700
$185.7K
Cap Rate 9%
$144,433
$144.4K
Market Conditions
NOI Build-Up for 944 SF
Gross rent
$20.4K $21.60/SF
− Vacancy
−$3.1K −$3.24/SF
EGI
$17.3K $18.36/SF
− OpEx
−$4.3K −$4.59/SF
NOI
$13.0K $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%
$259,980
Cap Rate 7%
$185,700
Cap Rate 9%
$144,433
Alternative Uses
Best Use
Office B
$185.7K
$162.5K – $216.7K
NOI $12,999 @ 7.0% cap · market cap 4.35%
Second Best
Healthcare Medical
$94.7K
$82.9K – $110.5K
NOI $6,629 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$235.7K
$206.3K – $275.0K
NOI $16,500 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A four-office layout includes a reception area, waiting room, and accessible restroom.
Where is this medical office space located?
The property is located at 29 Mill Street Wolfeboro, NH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 944‑square‑foot unit with a waiting area, receptionist’s office, and four separate rooms; Ground‑level access from the parking area without stairs; Handicap‑accessible bathroom and central air conditioning
