Renovated Office Building in
For Sale
Contact for pricing
103 Stiles Rd, Salem, NH
Two-story office building with modern renovations and high-end finishes.
Property Size10,496 SF
Lot Size0.99 Acres
Price / SF$190.55
Days on Market616
Property Features for 103 Stiles Rd
General Information
Standard status
Active
Size
10,496 SF
Lot size
0.99 Acres
Property subtype
OFFICE
Listing Agency:
Mansard Commercial Properties
(617) 304-2092
Listed By:
Jeremy Cyrier · License ##9048314
(617) 304-2092
Source:
Moodyscre
Added: Nov 26, 2024
Changed: Jul 6
Last Checked: Jul 6 at 10:20AM
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 Mansard Commercial Properties
Investment Insights
Based on property information with market context.
This two-story office building is located in a professional office park in Salem, featuring landscaped grounds. Renovated in 2012, the building has a modern feel both inside and out. The property generates $226,271 of NOI. Lease rollovers in 2026 provide opportunities for occupancy, lease renewals, or new tenants. The space includes floor-to-ceiling glass conference rooms, open areas and private offices, kitchenettes, restrooms, natural light, and finished common areas. Located less than 0.2 miles from Exit 2 off I-93 and 4 miles from the Massachusetts border on Stiles Road, the property offers convenient access. The Manchester-Boston Regional Airport is a 25-minute drive away. The building has a total size of 10496 square feet.
Key Highlights
- Generates $226,271 of NOI
- Prime location in Salem's most sought‑after professional office park
- Completely renovated in 2012 with a modern feel
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 | $277.1k | $26.40 |
| − Vacancy | −$36.9k | −$3.51 |
| EGI | $240.2k | $22.89 |
| − OpEx | −$60.1k | −$5.72 |
| NOI | $180.2k | $17.17 |
10,496 SF · lease $26.40/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $180,181 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,609 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Explore this area
Business Placement
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 building - Two-story office building with modern renovations and high-end finishes.
Where is this office building located?
The property is located at 103 Stiles Rd Salem, NH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Generates $226,271 of NOI; Prime location in Salem's most sought‑after professional office park; Completely renovated in 2012 with a modern feel
