Leased Office
For Sale
$450,000
6 Grove Street A, Wolfeboro, NH 03894
Currently leased with two years remaining on the existing term.
Property Size3,439 SF
Price / SF$130.85
Days on Market35
Property Features for 6 Grove Street A
General Information
Standard status
Active
Size
3,439 SF
Occupancy
100%
Building Details
Year Built
1940
Listing Agency:
Maxfield Real Estate/Wolfeboro
(603) 340-1025
Listed By:
Nicole Shamlian
Source:
603propertygroup
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 25 at 3:51AM
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 Maxfield Real Estate/Wolfeboro
Investment Insights
Based on property information with market context.
This 3,439-square-foot office condominium at 6 Grove Street, A, provides a leased commercial asset with two years remaining on the current term. The space offers a flexible professional setting that can accommodate office operations, medical services, showroom use, or other small-business functions.
Ample parking supports employees, clients, and visitors, while the property’s proximity to downtown Wolfeboro places it near the community’s established commercial center. The unit combines an existing lease with a versatile interior configuration for a range of professional applications.
Ample parking supports employees, clients, and visitors, while the property’s proximity to downtown Wolfeboro places it near the community’s established commercial center. The unit combines an existing lease with a versatile interior configuration for a range of professional applications.
Key Highlights
- 3,439‑square‑foot office condominium
- Currently leased to a business with two years remaining
- Ample parking for employees, clients, and visitors
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
$24,151
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
5.37%
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%
$483,020
$483.0K
Cap Rate 7%
$345,014
$345.0K
Cap Rate 9%
$268,344
$268.3K
Market Conditions
NOI Build-Up for 3,439 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
$46.4K $13.50/SF
− Vacancy
−$6.2K −$1.80/SF
EGI
$40.3K $11.70/SF
− OpEx
−$16.1K −$4.68/SF
NOI
$24.2K $7.02/SF
Area
Carroll County, NH
Vacancy
13.30%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
40.00%
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%
$483,020
Cap Rate 7%
$345,014
Cap Rate 9%
$268,344
Alternative Uses
Best Use
Office B
$676.5K
$591.9K – $789.3K
NOI $47,355 @ 7.0% cap · market cap 10.52%
Second Best
Healthcare Medical
$345.0K
$301.9K – $402.5K
NOI $24,151 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$858.7K
$751.4K – $1.00M
NOI $60,109 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Currently leased with two years remaining on the existing term.
Where is this office units located?
The property is located at 6 Grove Street A 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 office condominium; Currently leased to a business with two years remaining; Ample parking for employees, clients, and visitors
