Commercial Showroom
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 Market285
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
(603) 569-3128
Listed By:
Nicole Shamlian
(603) 569-3128
Added: Nov 10, 2025
Changed: Aug 19
Last Checked: Aug 22 at 6:06AM
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.
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 = 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
$34,737
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
7.72%
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%
$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
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
$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 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%
$694,740
Cap Rate 7%
$496,243
Cap Rate 9%
$385,967
Alternative Uses
Best Use
Retail
$496.2K
$434.2K – $579.0K
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
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
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
805
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?
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
