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Commercial Showroom Condominium
For Sale
$450,000

6 Grove Street, Wolfeboro, NH 03894

Commercial Sale, Wolfeboro, NH

Property Size3,439 SF
Lot Size0.48 Acres
Price / SF$130.85
Days on Market330

Property Features for 6 Grove Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMER
Directions Route 28 Center Street from Main Street, just past Harvest Market Plaza take a left onto Grove Street property on the left. It is the bottom unit home to Fred Varney Kitchens.
Standard status Active
Lot size 0.48 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2961

Utilities

Water source Public

Building Details

Year built 1940
Building materials Wood Siding
Roof type Shingle
Listing Agency: Maxfield Real Estate/Wolfeboro
Listed By: Nicole Shamlian
Added: Nov 10, 2025 Changed: Aug 19 Last Checked: Oct 6 at 1:06AM
MLS# 5069260

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.

Investment Insights

Based on property information with market context.

This 3,439-square-foot condominium unit is occupied by a business under a lease with two years remaining. The property includes parking, public water, wood siding, and a shingle roof, with original construction dating to 1940. Its configuration can support showroom, medical office, small-business, or other professional uses identified for the space.

The property is near downtown Wolfeboro in Carroll County, New Hampshire. Commercial zoning is designated COMMER, and the parcel encompasses 0.48 acres. The existing tenancy provides an in-place income component for an owner seeking an occupied commercial asset.

Key Highlights

  • 3,439‑square‑foot condominium unit
  • Existing business lease with two years remaining
  • 0.48‑acre property near downtown Wolfeboro

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$34,737
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,740 $694.7K
Cap Rate 7%
$496,243 $496.2K
Cap Rate 9%
$385,967 $386.0K
Market Conditions
NOI Build-Up for 3,439 SF
Gross rent
$53.6K $15.60/SF
− Vacancy
−$4.0K −$1.17/SF
EGI
$49.6K $14.43/SF
− OpEx
−$14.9K −$4.33/SF
NOI
$34.7K $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 Rate 5%
$694,740
Cap Rate 7%
$496,243
Cap Rate 9%
$385,967

Alternative Uses

Best Use
Retail
$496.2K
$434.2K – $579.0K (±1% cap)
NOI $34,737 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.7K
$751.4K – $1.00M (±1% cap)
NOI $60,109 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Showrooms

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Showroom - Leased commercial unit near downtown Wolfeboro with parking and flexible professional-use potential.
Where is this showroom located?
The property is located at 6 Grove Street Wolfeboro, 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: 3,439‑square‑foot condominium unit; Existing business lease with two years remaining; 0.48‑acre property near downtown Wolfeboro
More about this property
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