Medical Office Condominium
D5-29 Mill St Wolfeboro, NH 03894
D5-29 Mill St, Wolfeboro, NH, 03894
$315,000
For Sale
$315,000
Ground-level medical office suite with barrier-free access from the parking area and two assigned parking spaces.
Property Size1,225 SF
Price / SF$257.14
Days on Market36
Property Features for D5-29 Mill St
General Information
- Standard status
- Active
- Size
- 1,225 SF
Listing agency
Yankee Pedlar Realtors
(603) 569-1000
Listed by
Geordy Hutchinson
(603) 569-1000
Source
Exprealty
Added: Jun 17 Updated: Jul 21 at 7:16PM Checked: Jul 21 at 7:16PM
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 Yankee Pedlar Realtors
Investment Insights
Based on property information with market context.
Unit D5 is a professional commercial condominium suite offering approximately 1,225± square feet of ground-level space. The unit currently operates as a medical office and features convenient, barrier-free access directly from the parking area. With a flexible floor plan, it is well suited for continued professional or medical use, and it also presents conversion potential for general office, retail, service business, or other permitted commercial uses.
The suite is located within Wolfeboro Marketplace, a short walk from downtown Wolfeboro, with easy access to shops, restaurants, banks, marinas, and other community amenities. The property also offers pleasant views of Lake Winnipesaukee and is close to the waterfront. Docking opportunities may also be available, providing a distinctive benefit to consider.
Unit D5 includes two assigned parking spaces, with additional on-site parking available for customers and clients.
The suite is located within Wolfeboro Marketplace, a short walk from downtown Wolfeboro, with easy access to shops, restaurants, banks, marinas, and other community amenities. The property also offers pleasant views of Lake Winnipesaukee and is close to the waterfront. Docking opportunities may also be available, providing a distinctive benefit to consider.
Unit D5 includes two assigned parking spaces, with additional on-site parking available for customers and clients.
Key Highlights
- Ground‑level commercial condominium suite (Unit D5) with approximately 1,225± SF and barrier‑free access from the parking area
- Currently used as a medical office, with suitability for continued professional/medical use
- Flexible for other permitted commercial uses including general office, retail, or service business
Local 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 | $26.5k | $21.60 |
| − Vacancy | −$4.0k | −$3.24 |
| EGI | $22.5k | $18.36 |
| − OpEx | −$5.6k | −$4.59 |
| NOI | $16.9k | $13.77 |
1,225 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$241.0K
$210.9K – $281.1K
NOI $16,868 @ 7.0% cap · market cap 5.35%
Second Best
Healthcare Medical
$122.9K
$107.5K – $143.4K
NOI $8,603 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$305.9K
$267.6K – $356.9K
NOI $21,411 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Ground-level medical office suite with barrier-free access from the parking area and two assigned parking spaces.
Where is this medical office space located?
The property is located at D5-29 Mill St Wolfeboro, NH.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Ground‑level commercial condominium suite (Unit D5) with approximately 1,225± SF and barrier‑free access from the parking area; Currently used as a medical office, with suitability for continued professional/medical use; Flexible for other permitted commercial uses including general office, retail, or service business
