45 Stiles Rd, Unit 401 Salem, NH 03079-4808
- Office Properties & Spaces
- 2,192 SF
- 0.35 lot acres
Current Use by Public Records
- Suboxone NH Doctors / Addiction Treatment Center
- Comolli & Co / Accountant / Bookkeeping Service
- Shaffer Chiropractic Center / Chiropractor
- Middlesex Recovery Salem / Medical Clinic / Alcoholism Treatment Program
- Kenneth M. Gabriel, DC Gabriel Chiropractic Office / Chiropractor
Property Details for 45 Stiles Rd
- Year built
- 1982
- Construction
- FRAME
- Lot size
- 0.35 lot acres
- Property size
- 2,192 SF
- Zone code
- CIB
- Property type
- Office Properties & Spaces
- APN
- SLEM M:105 B:7801 L:401
- APU
- SLEMM105B7801L401
Description
This well-maintained 1,900 square foot office condominium is ideally situated on the second floor and offers a highly functional layout. The space includes several private offices, perfect for individual work or team collaboration, a welcoming reception area for clients and visitors, and two dedicated conference rooms for meetings and presentations. A convenient utility room, kitchenette, and ample filing area provide essential support functions. The unit underwent a complete remodel in 2018, ensuring modern aesthetics and efficient functionality. The building itself received exterior enhancements in 2024, including repainting and new siding, reflecting a commitment to ongoing maintenance and a professional image. Ample on-site parking is available for staff and clients, adding to the convenience of this location. The property is zoned Commercial/Industrial and is part of a one-story, two-building complex constructed in 1986. Its strategic location off Exit 2 of I-93, at the well-lit intersection of Stiles and Pelham Roads, places it within the thriving Salem professional office and medical hub, ensuring high visibility and easy accessibility for both employees and clients. This single-tenancy office space presents a fantastic opportunity for businesses seeking a modern, well-equipped, and conveniently located office environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $260,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $240,000
- Mixed-Use
- $245,000
- Hospitality
- $265,000
- Educational
- $240,000
- Residential Income
- $200,000
- Energy
- $205,000
- Income-Based Land
- $230,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -71.2493
- Latitude
- 42.7723
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA