Downtown Wolfeboro Commercial
84 Bay St Wolfeboro, NH 03894
For Sale
$599,000
2,490+ sq ft unit in the heart of downtown Wolfeboro.
Property Size2,490 SF
Price / SF$240.56
Days on Market100
Property Features for 84 Bay St
General Information
Standard status
Active
Size
2,490 SF
Property subtype
Commercial
Building Details
Year Built
1925
Listing Agency:
Wolfeboro Bay Real Estate, LLC
(603) 569-0101
Listed By:
Heidi Peterson
(603) 569-0101
Source:
Elliman
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 29 at 11:31AM
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 Wolfeboro Bay Real Estate, LLC
Investment Insights
Based on property information with market context.
Located in downtown Wolfeboro, this commercial unit, formerly a medical office, offers approximately 2,490+ sq ft of flexible space. The property features ample paved parking and accessibility via an entry ramp and steps with low-maintenance Trex decking and railings. It is serviced by town water and sewer. Situated within the Bay Street Limited Business District, the space allows for a variety of commercial, residential, or mixed-use applications, subject to buyer verification of permitted uses. The location provides walkability to downtown restaurants, shops, and marinas, and is in close proximity to Lake Winnipesaukee. The property has a walk score of 44, indicating it is car-dependent, and a bike score of 35, indicating it is somewhat bikeable.
Key Highlights
- Prime downtown Wolfeboro location, offering high visibility and walkability to amenities.
- Flexible 2,490+ sq ft space suitable for various commercial, residential, or mixed‑use applications (buyer to verify permitted uses).
- Ample paved parking.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $21.60 |
| − Vacancy | −$8.1k | −$3.24 |
| EGI | $45.7k | $18.36 |
| − OpEx | −$11.4k | −$4.59 |
| NOI | $34.3k | $13.77 |
2,490 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$489.8K
$428.6K – $571.5K
NOI $34,287 @ 7.0% cap · market cap 5.72%
Second Best
Healthcare Medical
$249.8K
$218.6K – $291.5K
NOI $17,487 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$621.7K
$544.0K – $725.4K
NOI $43,522 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,490+ sq ft unit in the heart of downtown Wolfeboro.
Where is this medical office space located?
The property is located at 84 Bay St Wolfeboro, NH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime downtown Wolfeboro location, offering high visibility and walkability to amenities.; Flexible 2,490+ sq ft space suitable for various commercial, residential, or mixed‑use applications (buyer to verify permitted uses).; Ample paved parking.
