Leased Office Condo
For Sale
$450,000
A-6 Grove St, Wolfeboro, NH 03894
A leased professional workspace near downtown Wolfeboro with parking and flexibility for office, medical, showroom, or small-business use.
Property Size3,439 SF
Price / SF$130.85
Days on Market294
Property Features for A-6 Grove St
General Information
Standard status
Active
Size
3,439 SF
Taxes and HOA fees
Annual Taxes
$2,961
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Maxfield Real Estate/Wolfeboro
(603) 569-3128
Listed By:
Nicole Shamlian
(603) 340-1025
Source:
Exprealty
Added: Nov 11, 2025
Changed: Aug 31
Last Checked: Aug 31 at 6:46PM
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 condominium office unit is occupied by an existing business under a lease with three years remaining. The property includes ample parking and offers a practical setting for employees, clients, and visitors. Its size and configuration support several professional applications, including medical office, small business, showroom, and general office use.
The unit is located close to downtown Wolfeboro, placing it near the community’s active central area. The combination of an in-place lease, accessible parking, and adaptable commercial space creates a straightforward ownership profile for a purchaser seeking an office-oriented property with continued occupancy.
The unit is located close to downtown Wolfeboro, placing it near the community’s active central area. The combination of an in-place lease, accessible parking, and adaptable commercial space creates a straightforward ownership profile for a purchaser seeking an office-oriented property with continued occupancy.
Key Highlights
- 3, 439‑square‑foot condominium office unit
- Existing business lease with three 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
$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
Office B
$676.5K
$591.9K – $789.3K
NOI $47,355 @ 7.0% cap · market cap 10.52%
Second Best
Retail
$496.2K
$434.2K – $579.0K
NOI $34,737 @ 7.0% cap · market cap 7.72%
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
Current Use
Lease Details
Single-tenant
Tenancy
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 - A leased professional workspace near downtown Wolfeboro with parking and flexibility for office, medical, showroom, or small-business use.
Where is this office units located?
The property is located at A-6 Grove St 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 office unit; Existing business lease with three years remaining; Ample parking for employees, clients, and visitors
