254 N Broadway Way, Salem, NH 03079
- Added:
- Dec 3, 2025
- Days on Market:
- 194
- Last Refresh:
- Jun 15 at 2:06 pm
Property Features for 254 N Broadway Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- Size
- 961 SF
Taxes and HOA fees
- Tax Annual Amount
- 1895
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1987
- Number of units
- 1
- Architectural style
- Other
Listing agent Christopher Masiello (800) 741-1540
Listing office Bedford, New Hampshire 163 South River Road, Keene, NH (603) 625-2800
Listing date Dec 3, 2025
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location between Exits 2 & 3 off Rte 93, near The Mall at Rockingham Park and Tuscan Village, offering high visibility and accessibility.
- 961 sq ft renovated condo office suite with new bathroom, hot water tank, tile ceilings, and fresh paint.
- Versatile space includes a spacious lobby/reception area, large private office, larger office/meeting room, and small office/storage area.
- Updated A/C unit and efficient natural gas heat.
- New cabinetry in one of the rooms.
- Stylish accent wall.
Overview
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 | $25.4k | $26.40 |
| − Vacancy | −$3.4k | −$3.51 |
| EGI | $22.0k | $22.89 |
| − OpEx | −$5.5k | −$5.72 |
| NOI | $16.5k | $17.17 |
Alternative Uses
Current Use by Public Records
Map
- City
- Salem
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -71.235112
- Latitude
- 42.793653