Retail Shopping
For Sale
$12,500,000
35 & 36 Center Street, Wolfeboro, NH 03894
Clark Plaza is a retail shopping center offered for sale in Wolfeboro, New Hampshire.
Property Size51,744 SF
Days on Market48
Property Features for 35 & 36 Center Street
General Information
Standard status
Active
Size
51,744 SF
Zoning
COM/IND
Taxes and HOA fees
Annual Taxes
$75,062
Amenities
Central AC
Electric, Propane, Oil
no
Wet
51744
100
Public
Some
342817
Yes
1
Building Details
Building Size
51,744 SF
Year Built
1985
Listed By:
Emily Biron
(802) 752-5800
Source:
Homesvermont.idxbroker
Added: Jul 20
Changed: Sep 4
Last Checked: Sep 4 at 2:09AM
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 Emily Biron
Investment Insights
Based on property information with market context.
Clark Plaza is a retail shopping center project building listed for sale under the Clark Plaza name. The offering includes the property at 35 & 36 Center Street in Wolfeboro, NH 03894.
This is classified as a shopping center and retail property space within the broader commercial real estate category. Additional details on unit mix, size, condition, or tenancy are not provided in the available information.
This is classified as a shopping center and retail property space within the broader commercial real estate category. Additional details on unit mix, size, condition, or tenancy are not provided in the available information.
Key Highlights
- Clark Plaza retail shopping center (project building name) in Wolfeboro, New Hampshire
- Total building size: 51,744 SF; 100% air conditioning
- Central AC plus heating with electric, propane, and oil
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$522,666
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,453,320
$10.5M
Cap Rate 7%
$7,466,657
$7.5M
Cap Rate 9%
$5,807,400
$5.8M
Market Conditions
NOI Build-Up for 51,744 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$807.2K $15.60/SF
− Vacancy
−$60.5K −$1.17/SF
EGI
$746.7K $14.43/SF
− OpEx
−$224.0K −$4.33/SF
NOI
$522.7K $10.10/SF
Area
Carroll County, NH
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,453,320
Cap Rate 7%
$7,466,657
Cap Rate 9%
$5,807,400
Alternative Uses
Best Use
Retail
$7.47M
$6.53M – $8.71M
NOI $522,666 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.92M
$11.31M – $15.07M
NOI $904,419 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
747
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - Clark Plaza is a retail shopping center offered for sale in Wolfeboro, New Hampshire.
Where is this shopping center located?
The property is located at 35 & 36 Center Street Wolfeboro, NH.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Clark Plaza retail shopping center (project building name) in Wolfeboro, New Hampshire; Total building size: 51,744 SF; 100% air conditioning; Central AC plus heating with electric, propane, and oil
