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

    224 Main St Salem, NH 03079

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    Professionally designed office space in central Salem location for rent.

    Property size:
    24,595 SF
    Lot size:
    24,595 SF

    Property Features for 224 Main St

    General Information

    Size
    24,595 SF

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Sahil Maripuri
    Source: Sperrycga

    Listing Agent: Sahil Maripuri

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Functional Office Space on Main

    This functional office space, approximately 1,200 square feet, is situated on Main Street, placing businesses in a vibrant commercial corridor with strong regional connectivity. The location provides convenient access to nearby retail, financial, and service providers for employees and clients. The professionally designed layout features a reception area, multiple private offices/rooms, a conference room, and a private bathroom. Tenants have access to a shared conference room equipped for presentations and client meetings. The property benefits from an exceptional central Salem location, with well-established commuter and customer exposure, and easy access to I-93, as well as nearby community services and amenities. The professional building environment supports both tenant productivity and client engagement.
    Location Intelligence

    Current Use by Public Records

    MGS Construction LLC Roofing Contractor Lifeline Homecare Home Health Care Service CLIX Portrait Studios Portrait Studio Loft Light Media Video Production Service Accutrust Mortgage, Inc. Mortgage Broker

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.2129786
    Latitude
    42.7833477

    Nearby Similar for Lease

    • Contact for pricing

      Accessible Office Suite in Salem

      First-floor office suite with high visibility and easy highway access.
      59 Stiles Rd, Salem, NH 03079
      View Details
    • Contact for pricing
      19,602 SF

      Salem Professional Park Office Suite

      Move-in ready office suite in Salem Professional Park.
      289 Main St, Salem, NH 03079
      View Details
    • Contact for pricing

      Salem, NH Commercial Office Space

      Bright corner offices with private bathroom near I-93.
      8 Stiles Rd, Salem, NH 03038
      View Details
    • $16 SF/Yr
      11,400 SF

      Salem NH Office Sublease

      Office space available for sublease in Salem, New Hampshire.
      6 Manor Pkwy, Salem, NH 03079
      View Details
    • $25 SF/Yr
      11,333 SF

      First-Class Office Space in Salem

      First-class office space with tax credits, near I-93.
      21 Keewaydin Dr, Salem, NH 03079
      View Details
    • $30 SF/Yr
      1,439 SF

      Salem, NH Medical/Office Space

      Class A medical/office building near I-93 and local amenities.
      31 Stiles Rd, Salem, NH 03079
      View Details
    • $10 SF/Yr
      2,400 SF

      Salem NH First Floor Office

      2,400± SF office space with private entrance and amenities.
      21 Northwestern Dr, Salem, NH 03079
      View Details
    • $20 SF/Yr
      2,605 SF

      Freestanding Commercial Building on Route 28

      Freestanding commercial building with frontage on Route 28 available for lease.
      284 North Broadway Rte, Salem, NH
      View Details
    • Contact for pricing
      37,933 SF

      Salem Retail Center Opportunity

      High-traffic Salem, NH shopping center space available.
      125 Broadway, Salem, NH 03079
      View Details
    • $14 SF/Yr
      1,135 SF

      Salem Office Space For Rent

      1,135+/- sq. ft. office space in Salem, NH.
      89-91 Stiles Rd, Salem, NH 03079
      View Details
    • $16 SF/Yr
      4,000 SF

      Upscale Office Suites For Lease

      Upscale office suites for lease in Salem Professional Park.
      95 Stiles Rd, Salem, NH 03079
      View Details
    • Contact for pricing
      46,682 SF

      Salem, NH Medical Office Building

      Modern Medical Office Suites Available Now
      31 Stiles Rd, Salem, NH 03079
      View Details

    FAQs

    What type of property is this?
    Office space - Professionally designed office space in central Salem location for rent.
    Where is this office space located?
    The property is located at 224 Main St Salem, NH.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime central Salem location with high commuter and customer exposure, and easy access to I-93.; - Professionally designed 1,200± sq ft office space featuring a reception area, private offices, conference room, and private bathroom.; - Situated on Main Street in a vibrant commercial corridor with strong regional connectivity.
    (603) 858-4884
    Request Owner's contact information
    224 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.
    224 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
    224 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
    Sahil Maripuri
    Real Estate License ID: NH #082379
    (603) 858-4884
    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.