Updated Office Building with
For Sale
$2,000,000
103 Stiles Road, Salem, NH 03079
Two-story office building with modern interior and convenient access.
Property Size10,496 SF
Price / SF$190.55
Days on Market152
Property Features for 103 Stiles Road
General Information
Standard status
Active
Size
10,496 SF
Property subtype
Office
Building Details
Year Built
1988
Listing Agency:
Mansard Commercial Properties
(617) 304-2902
Listed By:
Jeremy Cyrier, CCIM · License #MA #9048314
(617) 304-2902
Source:
Masscommercialproperties
Added: Mar 5
Changed: Jul 10
Last Checked: Aug 4 at 5:26AM
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 with landscaped grounds. The building, constructed in 1988, offers a polished business image and a suburban environment. The interior was renovated in 2012 and features a modern design. New windows were installed as of 2026. The 10,496 square foot property is 50% leased, with the first floor occupied through 2031. The vacant second floor provides three individual suites ranging in size from approximately 600 to 5,200 square feet. The available space includes floor-to-ceiling glass conference rooms, a combination of open areas and private offices, kitchenettes, restrooms, natural light, and finished common areas. The property is zoned CIB and located in the Boston MSA. It is suitable for office or medical use. Ample parking is available. The building is located less than 0.2 miles from Exit 2 off I-93 and 4 miles from the Massachusetts border. The Manchester-Boston Regional Airport is a 25-minute drive away. The property offers high visibility and easy access, presenting a strong investment opportunity.
Key Highlights
- Strong investment opportunity with 50% leased first floor through 2031.
- Vacant second floor offers flexible suite options ranging from 600 +/- SF to 5,200 +/- SF.
- Prime location in Salem's sought‑after professional office park, Boston MSA.
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
665
Businesses Nearby
Explore this area
Business Placement
Demographics for 03079, NH
30,095
Population
13,511
Households
2.2
Avg Household Size
46
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
1,214
Density / Sq Mi
$101,339
Median Household Income
$59,515
Median Earnings
$1,487
Median Rent
$438,500
Median Home Value
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 interior and convenient access.
Where is this office building located?
The property is located at 103 Stiles Road 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: Strong investment opportunity with 50% leased first floor through 2031.; Vacant second floor offers flexible suite options ranging from 600 +/- SF to 5,200 +/- SF.; Prime location in Salem's sought‑after professional office park, Boston MSA.
