Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    187 Main St Salem, NH 03079

    Sponsored
    For Sale
    Under Contract
    $549,900

    Multi-Family - Salem, NH

    Property size:
    2,336 SF
    Lot size:
    0.21 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 21 at 11:06 pm

    Property Features for 187 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    B1
    Rooms
    Basement
    Basement Y/N
    1
    Size
    2,336 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air

    Building Details

    Year built
    1911
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Elizabeth Smith

    Keller Williams Realty Evolution

    Listing agent Elizabeth Smith (978) 927-8700

    Listing date Jan 19, 2026

    MLS# 5073700 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property in Salem, NH

    This mixed-use property is located on Main Street in Salem, New Hampshire. The property features a street-level commercial space suitable for a professional office, along with an upstairs apartment for generating additional income. The location offers visibility and accessibility to Route 28 and I-93, with rear off-street parking. The property is situated in a location that benefits from tax-free shopping, dining, and retail options, and proximity to the Massachusetts border. The lot size is 0.21 acres and the property size is 2336 square feet. The zoning is B1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Granite State Mortgage ... Mortgage Lender Granite State Mortgage ... Mortgage Lender

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.2195312
    Latitude
    42.7834762

    Nearby Similar for Sale

    • New
      $549,900
      0.21 Acres

      Mixed-Use Property in Salem, NH

      Mixed-use property with commercial space and apartment in Salem, NH.
      187 Main St, Salem, NH 03079
      View Details
    • $569,900
      2,900 SF

      Spacious Home with Flexible Layout

      Salem, NH home ideal for extended family or work-from-home.
      48 Pond St, Salem, NH 03079
      View Details
    • $255,000

      Updated Condo Office Suite

      Renovated office suite in prime location near Route 93.
      254 N Broadway Way, Salem, NH 03079
      View Details
    • $654,900
      0.35 Acres

      Two-Story Office Suite For Sale

      Two-story office suite with parking near Interstate Rte 93.
      90 Stiles Rd, Salem, NH 03079
      View Details
    • $650,000
      1,907 SF

      Turn-Key Restaurant & Catering Business

      Established restaurant and catering business with loyal customer base.
      254 N Broadway, Salem, NH 03079
      View Details
    • $2,000,000
      10,496 SF

      Renovated Office Building in Salem

      Two-story office building with modern renovations and high-end finishes.
      103 Stiles Rd, Salem, NH 03079
      View Details
    • $3,500,000

      Industrial Building with Highway Access

      Industrial building featuring highway access, municipal utilities, and flexible spaces.
      2 Northwestern Dr, Salem, NH 03079
      View Details
    • $3,400,000

      Established Mobile Home Community

      60-unit mobile home park in Salem, New Hampshire.
      187 Pelham Rd, Salem, NH 03079
      View Details
    • $699,900

      Multifamily Property on 1.5 Acres

      Multifamily property in Salem, NH with two spacious units.
      4 Therriault Ave, Salem, NH 03079
      View Details
    • Contact for pricing
      10,374 SF

      Mixed-Use Commercial Building on Broadway

      10,374 SF mixed-use building on 1.24 acres.
      134 N Broadway, Salem, NH 03079
      View Details
    • $500,000
      6,000 SF

      6,000 SF Storage Facility

      Contracting company with storage facility for sale.
      115 Main St, Salem, NH 03079
      View Details
    • $600,000
      4,000 SF

      Office-Warehouse Space For Sale

      Office-warehouse space with loading dock, suitable for various businesses.
      50 Northwestern Dr, Salem, NH 03079
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and apartment in Salem, NH.
    Where is this mixed-use property located?
    The property is located at 187 Main St Salem, NH.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Prime Main Street location at the gateway to Salem, NH.; - Mixed-use property with street-level commercial space and an upstairs apartment.; - Income-generating potential from the apartment to offset expenses.
    (978) 927-8700
    Request Owner's contact information
    187 Main St Salem, NH 03079
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    187 Main St
    Salem, NH 03079
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    187 Main St Salem, NH 03079
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Elizabeth Smith
    (978) 927-8700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.