Downtown Wolfeboro Commercial
For Sale
$599,000
84 Bay Street, Wolfeboro, NH 03894
2,490+ sq ft unit in the heart of downtown Wolfeboro.
Property Size2,490 SF
Price / SF$240.56
Days on Market172
Property Features for 84 Bay Street
General Information
Standard status
Active
Size
2,490 SF
Property subtype
Commercial
Zoning
COMMER
Building Details
Year Built
1925
Listing Agency:
Wolfeboro Bay Real Estate, LLC
Listed By:
Heidi Peterson
(603) 569-0101
Source:
Churchillprop
Added: Apr 22
Changed: Oct 6
Last Checked: Oct 9 at 5:11PM
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
Estimated NOI and Cap Rate
NOI / Yr
$34,287
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,740
$685.7K
Cap Rate 7%
$489,814
$489.8K
Cap Rate 9%
$380,967
$381.0K
Market Conditions
NOI Build-Up for 2,490 SF
Gross rent
$53.8K $21.60/SF
− Vacancy
−$8.1K −$3.24/SF
EGI
$45.7K $18.36/SF
− OpEx
−$11.4K −$4.59/SF
NOI
$34.3K $13.77/SF
Area
Carroll County, NH
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,740
Cap Rate 7%
$489,814
Cap Rate 9%
$380,967
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
684
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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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 Street 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.
